Why Uniswap’s latest development failed to push UNI towards the bulls

Uniswap [UNI], one of the largest decentralized exchanges, collected the highest amount of fees in the last three months. However, the collected fees failed to translate into revenue. According to Messari, a crypto analytics firm, there were other protocols that outperformed UNI on this front. _____________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Uniswap for 2022-2023. _____________________________________________________________________________________ […]

Despite Uniswap’s strength in terms of volume, there were other areas where Uniswap needed improvement.

After having a look at the graph below, it can be seen that Uniswap’s velocity witnessed a sharp decline over the past few days. This implied that the average number of times that a UNI moved from one wallet to another dropped drastically.This development coupled with Uniswap’s declining Market Value to Realized Value could be seen as a bearish indicator by potential investors.According to, an organization that tracks crypto whales, the top 500 ETH whales were holding $56 million worth of UNI at the time of writing.

One of the reasons for the increasing interest from whales could be Uniswap’s team’s continuous effort to grow their protocol. On 15 October Uniswap announced in a tweet that the Uniswap v3 would be deployed on

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