Uniswap [UNI] aims to help you save on gas fees through this new upgrade
Can gas fee savings support more activity?
A look at Uniswap’s latest performance may provide a better understanding of why this move is necessary. Uniswap transactions and volume remain low despite the recent excitement in the market.This is contrary to the expectation that a market pivot followed by a strong demand wave would trigger more volumes and transactions on Uniswap. This is why Uniswap might have to implement some changes to try and make the DeFi platform more interesting for users.
An analysis of addresses on Uniswap reveals steady growth in the total number of addresses using the platform in the last three months. However, the number of new addresses remained low even in the first week of January.The lack of an influx of new addresses may be due to multiple factors. However, this directly affects Uniswap’s ability to sustain growth, thus the need to do things differently. It may also affect the demand for the native token UNI.
An evaluation of UNI’s exchange flows reveals that there was a notable increase in exchange activity in the first two weeks of January. Nevertheless, exchange inflows have dominated the market, especially in the last few days.
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