🦄📉 #Uniswap has seen a significant amount of #FUD from traders after the #SEC publicly revealed their warning to #UniswapLabs of their pursuit of potential enforcement action. The discussion rate toward $UNI immediately saw its highest level in 15 months, and circulation spiked.


History has proven that there can be a bounce back effect when there is an overly fearful narrative toward a declining asset, as many witnessed with $XRP's own saga with the #SEC the past couple years. The asset's market cap has slid -38% in the past month.


Check out the social dominance and circulation chart for Uniswap here to consider whether the crowd's doubts may be creating an opportunity.

🧑‍💻 Here are #crypto's top #DeFi-related coins, sorted by notable development activity in the past 30 days:

1 Osmosis $OSMO
2 Radix $EXRD
3 Uniswap $UNI
4 Fox $FOX
5 DyDx $DYDX
6 Lido Dao $LDO
7 Synthetix $SNX
8 Centrifuge $CFG
9 Sora Validator $VAL
10 Bancor $BNT

Check out our #DeFi watchlist while the sector continues seeing a notable uptick in market cap growth.

Read about the Santiment methodology for pulling #github activity data from project repositories, and why it is so useful for #crypto trading: https://medium.com/santiment/tracking-github-activity-of-crypto-projects-introducing-a-better-approach-9fb1af3f1c32

Try a free trial to Sanbase PRO and see what others in #cryptocurrency can't!

📈 This past week has been a story of #crypto sectors taking turns with big pumps.

🪙#AI projects like $AGIX, $AGI, $DBC, $XRP
🪙#NFT projects like $ALI, $TVK, $UOS, $FEAR
🪙#DeFi projects like $UNI, $CVX, $SUSHI, $SPELL
🪙#ERC20 projects like $BLUR, $WOO, $JASMY, $AIOZ

Monitor the full Santiment watchlist dashboard to organize and optimize your portfolio for improved profits as we approach just 7 weeks until the highly anticipated #Bitcoin #halving!

🧑‍💻 #Crypto's top #NFT-related coins by notable development activity, past 30 days:

1 Osmosis $OSMO

2 Uniswap $UNI

3 Radix $EXRD

4 DyDx $DYDX

5 Lido Dao $LDO

6 Synthetix $SNX

7 Fox Token $FOX

8 Kyber Network Crystal $KNC

9 Centrifuge $CFG

10 Sora Validator Token $VAL

Check out Santiment's methodology for pulling #github activity data from project repositories, and why it is so useful for #crypto trading.

Try a free week of Sanbase PRO and see what others in #cryptocurrency can't!

Recent Uniswap updates reveal intriguing market dynamics. With Uniswap's introduction of fees prompting speculation of a 'sell the news' response, a closer look paints a different picture.

Substantial divergence is perceived between UNI's lowering price and the enlarging onchain activity, notably Active Addresses and Network Growth (see charts):

This trend indicates a rising interest despite the downtrend price-wise.

Negative MVRV (see chart) suggests short-term UNI holders perhaps feeling some pain:

These behaviour-based analytics offer potential insights into market sentiment, hinting at noteworthy unfolding market trends. Stay tuned, stay informed!

More charts for a deeper review: https://app.santiment.net/s/wNS1LAl7

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Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

Bearish

If we look into Ethereum itself, we might see massive divergencies across many metrics.

All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.

Bullish

There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:

And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:

The period of increased volatility is here. What's your bet?

Charts:

• https://app.santiment.net/s/T7TdW5sU
• https://app.santiment.net/s/VjRdF3dw
• https://app.santiment.net/s/9GPBn6Ed
• https://app.santiment.net/s/PxYWp6sC

The events following a short period a depression have increased network activity quite impressively. See the chart layout below. Here's just one example, YFI:

There are differences. For instance, REN:

REN is not picking up so strong because of it's complicated financial situation.

UNI:

UNI experienced a strong growth before, when there was an NFT marketplace announced. But still, we can see it's growing strongly, even compared with NFT related pump.

Each token has it's own story. It's own specific story which makes the difference. But many have a common pattern, it's network activity increasing quite a lot.

We might follow up in few days with more detailed market overview, for now just seeing massively increased network activity on many tokens. Therefore, networks awake.

Chart layout: https://app.santiment.net/s/_Qz39fm9

The total value of assets locked in Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on November 17th.

Meanwhile, “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. Details.

And the same time Bancor is making a move announcing proposal for BNT liquidity mining.

This is what you see on top, Total Value Lock jumps for all three tokens:

Prices of UNI, SUSHI and BNT sharing an uptrend:

Social volumes are increasing only for SUSHI:

Onchain activity measured in Daily Active Addresses and Network Growth increased for all three tokens last days:

And Realized Network Profit/Loss showing painful losses all the way for UNI, SUSHI and BNT. Last string of pain - Bancor on November 15th:

All the above metrics are available for PRO members on a single chart layout.

Be sure to switch 'shared axis' on and off to compare absolute values.