{"id":178324,"date":"2023-10-21T04:53:54","date_gmt":"2023-10-20T23:23:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178324"},"modified":"2023-10-21T04:53:54","modified_gmt":"2023-10-20T23:23:54","slug":"uniswap-on-chain-activity-surges-despite-speculation-over-fee-introduction-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-on-chain-activity-surges-despite-speculation-over-fee-introduction-data-crypto-news\/","title":{"rendered":"Uniswap On-Chain Activity Surges Despite Speculation Over Fee Introduction: Data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The recent introduction of fees by Uniswap sparked speculation about a \u2018sell the news\u2019 reaction, a closer examination, however, offers a different perspective.<\/p>\n<p>Despite a 5% decline in UNI\u2019s price since the initial announcement, Uniswap\u2019s on-chain activity has grown.<\/p>\n<ul>\n<li>According to the latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.santiment.net\/read\/uniswap-fees-stirring-uni-s-market-7387?\" data-wpel-link=\"external\">insight<\/a> by Santiment, a noticeable disparity is observed in the diminishing UNI price and the increasing on-chain activity.<\/li>\n<li>The crypto analytic platform said that the negative MVRV suggests short-term UNI holders are perhaps feeling some pain.<\/li>\n<li>But Active Addresses and Network Growth are two metrics that have surged to levels not seen since July this year. Interestingly, this trend has been on the rise despite a downtrend on the price side of things.<\/li>\n<li>Uniswap Labs, the organization behind the decentralized crypto exchange, imposed a 0.15% fee starting Tuesday on trades involving ETH, USDC, and other tokens. Only swaps that execute through Uniswap Labs\u2019 front end will be taxed.<\/li>\n<li>This fee differs from Uniswap\u2019s current \u201cprotocol fee,\u201d which is overseen by governance voters. Uniswap Labs is imposing this fee as part of its effort to sustainably fund its operations.<\/li>\n<li>According to Uniswap creator Hayden Adams, this interface fee will enable them to continue to research, develop, build, ship, improve, and expand crypto and DeFi.<\/li>\n<li>While the introduction of the fee has led many investors to dump the asset and create FUD, a hook enabling Know Your Customer (KYC) verification on the upcoming<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/uniswap-v4-release-hinges-on-ethereums-cancun-upgrade-and-audit-completion\/\" data-wpel-link=\"internal\"> Uniswap v4<\/a> pools has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/yourfriendSOMMI\/status\/1713184911698645320\" data-wpel-link=\"external\">sparked<\/a> discussions regarding the future of DeFi, despite it being an opt-in functionality.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The recent introduction of fees by Uniswap sparked speculation about a \u2018sell the news\u2019 reaction, a closer examination, however, offers a different perspective. Despite a 5% decline in UNI\u2019s price since the initial announcement, Uniswap\u2019s on-chain activity has grown. According to the latest insight by Santiment, a noticeable disparity is observed in the diminishing UNI [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-178324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178324"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178324\/revisions"}],"predecessor-version":[{"id":178329,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178324\/revisions\/178329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/27757"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}