UNI holders would be happy to go long after reading this update

UNI [Uniswap] holders would be happy to go long after reading this update

Uniswap hit an all-time high of 78.7% of the market share on Arbitrum. As can be seen from the image below,according to DefiLamaHowever, the number of fees for transactions on the Uniswap network has seen some growth over the past few days.

As seen from the chart below, there had been substantial growth in fees since October. At the time of press, the total fees were at $1.5 million in the last 24 hours.witnessed a surge in MVRV ratio metric over the past few weeks. This could be interpreted as a bullish sign by many potential investors.

Another positive indicator for the Uniswap protocol could be the weighted sentiment metric which has been supporting the overall growth of the network. Furthermore, Uniswap’s velocity showed a spike recently which hints at the fact that the UNI token was moving across addresses quite frequently over the past few days.One of the reasons for this growth could be attributed to whales as well.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

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