DeFi

Uniswap Whale Boosts UNI Token Accumulation

According to analytics firm Santiment, Uniswap (UNI) holders are accumulating a lot of crypto assets.

Uniswap Whale Boosts UNI Token Accumulation 3

Santiment noted that addresses holding between 10,000 and one million Uniswap added 10.74 million UNIs to their holdings between July 8 and July 24, representing 1.1% of the total asset supply.

According to the analytics firm, the 16-day UNI accumulation by key stakeholders equates to more than $74.3 million.

Source: Santiment

Decentralized exchanges (DEX) are also currently vying for Curve (CRV) dominance over the decentralized finance (DeFi) space.

IntoTheBlock reports that the total value of Uniswap locked (TVL) briefly surpassed Curve last week. Since then, Curve has regained the top spot, but the race is still very close between the two DEXs. Curve has $5.86 billion TVL at the time of writing, while Uniswap has $5.85 billion.

A blockchain’s Total Value Locked represents the total capital held in its smart contracts. TVL is calculated by multiplying the amount of collateral locked in the network by the asset’s current value.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.