Uniswap [UNI] gains 143%, assessing why this may be just the beginning
Additionally, Uniswap trading fees are usually shared with liquidity providers. However, the activation of protocol fees means some of the revenue collected from fees would be distributed within the protocol.
UNI traded at $8.25 at press time after a 22.41% uptick in the last 24 hours. Its press time price represents a 143% rally from its lowest price point this year.If the Uniswap community approves the decision to activate protocol fees, then UNI will likely experience a strong demand wave. The performance has been backed by healthy accumulation after the strong price drop in the first half of 2022. The accumulation pushed up the mean dollar invested age by a substantial margin in the last four weeks.The heavy inflows into UNI resulted in an impressive recovery in profitability. The protocol recovered from a network realized loss of 159.33 million UNI to its current network realized profit of 3.76 million UNI.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian job vacancies climb to fresh record, signalling inflation pressureStatistics Canada says there were 1,005,700 positions unfilled at the beginning of May, 42 per cent higher than a year earlier
Read more »
Rationale behind ‘why SAND is capitulating after 100% gains’The Sandbox’s native SAND token is beginning to retrace back to realized price. SAND was experiencing an unusual price boom last week with a 100% jump. Skeptics were expecting the bubble to burst sooner or later. Over the course of the week, SAND dropped by 18.9% to $1.19 at press time. The current price drop […]
Read more »
Food service and drinking places sales rose 3 per cent in May: StatCanStatistics Canada says sales in the food service and drinking places subsector increased three per cent to $7.4 billion in May, the highest monthly gain since the onset of the pandemic.
Read more »
Some May 21 storm cleanup to continue into 2023Some cleanup from the May 21 derecho storm that battered Ottawa will not begin until next spring, the city says. ottnews
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »