Uniswap: The Overall Transaction Volume In 2022 Will Surpass 620 Billion US Dollars

Key Points:

• Uniswap recorded 68 million transactions from 3 million distinct wallets.
• The overall transaction volume exceeds 620 billion dollars.

Uniswap Labs has recently made public on its official Twitter a terrific news about the entire transaction volume in 2022, with a large amount recorded.

On December 29, Uniswap Labs stated on Twitter that the overall transaction volume of the decentralized trading platform’s 3 million independent wallets will top 620 billion US dollars in 2022, with 68 million transactions. This projection was made in light of the fact that the platform is expected to support 68 million transactions.

In late November, Uniswap introduced a trading service platform that specializes in NFT aggregation. There are currently 4,007 users registered on the website, which has resulted in 5,135 sales and a total transaction volume of 2,656 ETH (about 3.3 million U.S. dollars).

In spite of the bleak market conditions, the amazing statement that Uniswap made would generate good signs of a DEX platform. Earlier, on December 26, the platform announced that, despite the fact that Uniswap had low on-chain metrics, its social dominance had surged by 443.6%. This week, LunarCrush reports that UNI has been a trending issue in the cryptocurrency industry due to the increasing social dominance of the cryptocurrency. UNI continued to enjoy widespread popularity; nevertheless, market signs showed that investors should exercise caution because the situation may deteriorate in the days ahead.

A few on-chain measures, incidentally, were also unsupportive of a price increase. This could cause investors to be concerned. For example, UNI’s development activities have decreased, which is often a negative sign. The network expansion of Uniswap has also slowed in the last week, as has Binance’s funding pace. This meant that the price of UNI could decrease even further. Nonetheless, the Market Value to Realized Value (MVRV) Ratio rose, giving investors reason to be optimistic. Despite its dismal performance, UNI is still popular with whales, ranking as one of the top 500 Ethereum whales’ most used smart contracts on December 23.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

Coincu News