Uniswap (UNI) has even beaten several large traditional crypto assets as a Defi-Token.
Uniswap and investors
The market is showing mixed bullish and bearish signals with Bitcoin falling while Ethereum posting slight gains. However, with minimal progress, UNI has grown 5.24% over the past 72 hours while maintaining the key support of $ 15.6.
UNI price promotion | Source: TradingView
This bullish trend is coming from investors and has allowed Uniswap to break big records this week.
First, the network saw a record 24-hour trading volume of $ 4.8 billion, and Uniswap V3 hit an all-time high (ATH) weekly trading volume of over $ 21 billion. As a result, it generated more ETH / USD than Coinbase this week.
The record trading volume was also confirmed by UNI’s accelerating pace this week, suggesting it will switch hands more frequently thanks to the increased trading volume.
UNI growth rate | Source: Antiment
At the time of going to press, UNI’s daily volume is up 84% thanks to the Community and Governance Protocol with the 1 basis point fee enabled.
Cancel the volume | Source: dune
Although more than 65% of the addresses are at a loss, no UNI investor has given up.
Profits from UNI holders | Source: Intotheblock
UNI owners remain bullish as the market continues to maintain accumulation sentiment. In fact, UNI has not had a significant distribution period for almost nine months.
UNI token lifetime | Source: Antiment
Unlike other investors who were selling their holdings at the falling price, UNI owners have bought more instead and continue to do so.
The reason for this could be the high correlation of UNI with Bitcoin of 0.96, which gives investors hope for a quick recovery.
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