Uniswap Fees: Stirring UNI's Market

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.