Where is UniSwap heading?

in LeoFinance5 months ago (edited)

image.png

UniSwap has been taking the crypto industry by storm. In fact, UniSwap has just overtaken Coinbase in volume.

Decentralized exchanges make up around 14% of all trade volume, up from 6% last month. I majority of this growth is due to UniSwap and similar DeFi projects allowing users to swap tokens without a centralized exchange and Know Your Customer laws.

Will it last? Or is this just a bubble?

In the recent UniSwap air drop, they gave away $560 Million USD worth of UNI tokens.

Did you know the majority of users never sold their tokens?

In the above chart, you can see free claimers still account for the largest holders of UNI tokens.

Basic deduction would leave you to believe these the majority of users believe UNI is currently undervalued.

UniSwap tokens are currently worth $3.69, considerably down from the $8 peak during the Airdrop. I personally sold at around $5 and actively farming tokens through UNI pools. All tokens I farm I am holding until UniSwap V3 launches. There are some exciting things coming by the end of the year for UniSwap.

This is no financial advice, I am not a professional and sharing my personal opinion. Ask your mom before investing.

Image Sources: 1 2

Posted Using LeoFinance Beta

Sort:  

Congratulations @leovoter! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 9000 upvotes. Your next target is to reach 10000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

Feedback from the October 1st Hive Power Up Day

All tokens I farm I am holding until UniSwap V3 launches.

Same here :D