{"id":553700,"date":"2023-10-02T06:41:18","date_gmt":"2023-10-02T06:41:18","guid":{"rendered":"https:\/\/wncen.com\/?p=553700"},"modified":"2023-10-02T06:43:35","modified_gmt":"2023-10-02T06:43:35","slug":"uniswap-soaring-user-engagement-how-its-transforming-uni-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswap-soaring-user-engagement-how-its-transforming-uni-price\/","title":{"rendered":"Uniswap Soaring User Engagement: How It’s Transforming UNI Price?"},"content":{"rendered":"
Uniswap (UNI) has emerged as a beacon of activity and growth amidst a month of turbulent trading for the broader cryptocurrency market. Throughout September, the crypto market\u00a0<\/span>exhibited a remarkable level of volatility while remaining largely range-bound, leaving market participants in a state of neutrality. However, Uniswap has defied the sideways trend, demonstrating notable progress in various metrics.<\/span><\/p>\n According to <\/span>data from Token Terminal<\/span><\/a>, Uniswap experienced a significant surge in daily active users on September 30th. This uptick in user engagement reflects growing interest in decentralized exchanges (DEXes) and the Uniswap Protocol specifically.\u00a0<\/span><\/p>\n Notably, Uniswap also celebrated a remarkable milestone during this period, <\/span>completing over 300 million swaps<\/span><\/a>. This achievement underscores the platform’s pivotal role in facilitating decentralized trading and liquidity provision within the cryptocurrency ecosystem.<\/span><\/p>\n Uniswap… \u2014 Token Terminal (@tokenterminal) September 30, 2023<\/a><\/p><\/blockquote>\n Uniswap’s growth extended beyond its daily user metrics. The network saw an <\/span>expansion in the number of new addresses<\/span>, indicating a rising interest in the UNI token and its associated ecosystem. This surge in new addresses is a positive sign for Uniswap’s long-term sustainability and relevance within the decentralized finance (DeFi) landscape.<\/span><\/p>\n Swap szn in full effect \ud83d\ude0e<\/p>\n Uniswap Protocol has officially hit 300,000,000 swaps \ud83d\udd25 pic.twitter.com\/6taofceNkJ<\/a><\/p>\n \u2014 Uniswap Labs \ud83e\udd84 (@Uniswap) September 28, 2023<\/a><\/p><\/blockquote>\n While the broader crypto market struggled to find direction in September, there was some positive momentum to note. Over the weekend, the total market capitalization surged to a six-week high, reaching $1.15 trillion. This development signals renewed investor interest and optimism in the cryptocurrency space, potentially breaking the cycle of indecision that marked most of September.<\/span><\/p>\n <\/p>\n UNI’s current price of $4.62, as reported by <\/span>CoinGecko<\/span><\/a>, reflects a 3.8% increase in the last 24 hours, with a seven-day surge of 9.2%. These positive price movements are indicative of the renewed investor interest in the Uniswap token.<\/span><\/p>\n\n
\nactive users up \ud83d\udc65\ud83d\udcc8
\ntrading fees down \ud83d\udcb8\ud83d\udcc9 pic.twitter.com\/lX7V3uWNF9<\/a><\/p>\nUniswap: Expanding Network Growth<\/strong><\/h2>\n
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UNI market cap at $2.6 billion on the daily chart: TradingView.com<\/a><\/pre>\n