Bitcoin
Bitcoin (BTC)
$63,775.00 1.83568
Bitcoin price
Ethereum
Ethereum (ETH)
$3,405.83 1.65527
Ethereum price
BNB
BNB (BNB)
$569.33 -0.29431
BNB price
Solana
Solana (SOL)
$156.19 2.39203
Solana price
XRP
XRP (XRP)
$0.5455740 2.55328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 6.8274
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 23.96863
Pepe price
Bonk
Bonk (BONK)
$0.0000268 9.64744
Bonk price
Bitcoin
Bitcoin (BTC)
$63,775.00 1.83568
Bitcoin price
Ethereum
Ethereum (ETH)
$3,405.83 1.65527
Ethereum price
BNB
BNB (BNB)
$569.33 -0.29431
BNB price
Solana
Solana (SOL)
$156.19 2.39203
Solana price
XRP
XRP (XRP)
$0.5455740 2.55328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 6.8274
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 23.96863
Pepe price
Bonk
Bonk (BONK)
$0.0000268 9.64744
Bonk price
Bitcoin
Bitcoin (BTC)
$63,775.00 1.83568
Bitcoin price
Ethereum
Ethereum (ETH)
$3,405.83 1.65527
Ethereum price
BNB
BNB (BNB)
$569.33 -0.29431
BNB price
Solana
Solana (SOL)
$156.19 2.39203
Solana price
XRP
XRP (XRP)
$0.5455740 2.55328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 6.8274
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 23.96863
Pepe price
Bonk
Bonk (BONK)
$0.0000268 9.64744
Bonk price
Bitcoin
Bitcoin (BTC)
$63,775.00 1.83568
Bitcoin price
Ethereum
Ethereum (ETH)
$3,405.83 1.65527
Ethereum price
BNB
BNB (BNB)
$569.33 -0.29431
BNB price
Solana
Solana (SOL)
$156.19 2.39203
Solana price
XRP
XRP (XRP)
$0.5455740 2.55328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 6.8274
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000119 23.96863
Pepe price
Bonk
Bonk (BONK)
$0.0000268 9.64744
Bonk price

Short-term Uniswap (UNI) holders in loss as investors dump

short-term-uniswap-uni-holders-in-loss-as-investors-dump
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Markets
Short-term Uniswap (UNI) holders in loss as investors dump

Uniswap (UNI) investors have been dumping the asset as the decentralized finance (defi) protocol started to charge swap fees.

Uniswap founder Adam Hayden announced on Oct. 16 that the protocol will start charging a 0.15% swap fee to continue its operations. Both wallet and web application users would have to pay the fee to swap tokens, according to a crypto.news report.

Moreover, users found a know-your-customer (KYC) verification hook in the open directory of Uniswap V4. Following the introduction of swap fees and KYC procedure, users on X (formerly Twitter) call the defi protocol “centralized.”

Expert believes that KYC verification is necessary for Uniswap’s long-term survival despite all the criticism the protocol has faced from its users. 

According to the market intelligence platform Santiment, investors have begun dumping UNI tokens as the platform started to charge swap fees. 

Moreover, data shows that the number of active UNI addresses has witnessed a significant rise over the past week while the network’s growth declined by around 50%.

Per the market intelligence platform, UNI’s market value over realized value (MVRV) indicator has dropped to negative 6.6% on a 3-day scale. In simple terms, short-term Uniswap holders suffer losses as the asset declined by 10.6% over the past month.

Short-term Uniswap (UNI) holders in loss as investors dump - 1
UNI price – Oct. 19 | Source: Trading View

UNI is still up by 1.1% in the past 24 hours and is trading at $3.92 at the time of writing. The asset’s market cap stands at $2.26 billion while its 24-hour trading volume registered a 37% decline — currently at $45 million.