Crypto News – After becoming live in July of this year, Uniswap X, an open-source, permissionless trading protocol for automating market makers (AMMs) and other liquidity providers, has crossed a significant milestone: its total trading volume has surpassed $1 billion.
Uniswap X Trading Volume Increased: Over $1 Billion Trading Volume Drives Price Higher
It is still possible for new and different players to take the lead in the Defi market despite the current dominance. One notable occurrence was the #1 rank on Uniswap X being taken by a newly hired Filler within the last month.
With four more Fillers being onboarded, there are currently fifteen Fillers in use. Question marks remain regarding the ideal quantity of Fillers to obtain the greatest deal and the fastest transaction time since the competition among Fillers is becoming more fierce.
The second filler’s share dropped substantially from 90% at launch to about 20% as a result of the new filler’s over 50% volume capture after onboarding in the previous month. Notably, all three of the top performers are market makers, and the third filler also controls almost 20% of the trade volume.
UNI Price Increased by 20% in the Last 7 Days
Uniswap (UNI) has been the top-performing coin during the most recent wave of cryptocurrency bullishness. The Uniswap price went from about $5.09 to $6.35, an increase of almost 20.86% over the previous seven days.
The transaction raised UNI’s market value to $4.8 billion, the highest level since August. UNI’s value is currently 86% less than its peak in 2021 while being higher than Bitcoin Cash’s (BCH) worth.
Leave a comment