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UNI liquidity as a share of total crypto market cap and everything latest

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Uniswap’s [UNI] liquidity market share has grown tremendously over the past quarter, as per a tweet posted on 7 November by crypto analytics firm Messari


 

Here’s AMBCrypto’s Price Prediction for Uniswap  for 2022-2023


Putting the “quid” in Liquid

Despite Uniswap’s daily liquidity declining, its market share in terms of liquidity kept growing, as can be seen from the image below. Thus, UNI vastly outperformed other DEX’s in this regard.

At the time of writing, Uniswap’s liquidity settled at 0.4% market dominance as of the end of Q3.

Source: Messari

However, despite the growth in terms of liquidity, its TVL wasn’t impacted much and its movement remained flat over the past few months. At the time of writing, the total value locked by Uniswap was $4.45 billion, according to data provided by DeFiLlama.

Along with that, the total fees collected by Uniswap continued to decline as well. According to Token Terminal, the fees generated by Uniswap depreciated over the past seven days by 12.2%. In the last 24 hours, the total revenue collected by the DEX was $1.1 million.

In congruence with these developments, Uniswap’s supply side revenue depreciated by 4.99% as well. At press time, the overall supply side revenue collected was $3.43 million. 

On the other hand, Uniswap’s network growth witnessed a massive uptick over the last few days, as can be seen from the image below.

This indicated that the number of new addresses that transferred a UNI token for the first time had increased, showing an interest in UNI from new users.

But that’s not all, Uniswap also observed a spike in its development activity over the last week. Thus, suggesting that the developers were increasingly contributing to Uniswap’s GitHub. So there may be new updates and upgrades on their way for UNI.

Source: Santiment

As evidenced by the chart below, it can be seen that the number of daily transactions on the UNI network grew significantly in the last few months.

Source: Dune Analytics

Unfortunately, despite these positive developments, UNI’s price continued to decline. At the time of writing, UNI had depreciated by 9.45% over the last 24 hours, according to CoinMarketCap. However, its volume continued to grow and appreciated by 14.4% during the same time period.

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Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
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