{"id":637111,"date":"2024-08-22T15:30:20","date_gmt":"2024-08-22T15:30:20","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=637111"},"modified":"2024-08-22T09:01:35","modified_gmt":"2024-08-22T09:01:35","slug":"uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum\/","title":{"rendered":"Uniswap: Market Swing Yields 12% Gains &#8211; Can UNI Sustain The Momentum?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">With the broader market swing suggesting that most cryptocurrencies are in a bull run, Uniswap has continued its upward trajectory, capturing some of the momentum of the broader market. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/uniswap\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the token is up nearly 12% since last week despite the market dipping slightly yesterday, August 21st.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/celestia-market-dip-leaves-tia-investors-16-in-the-red\/\" target=\"_blank\" rel=\"noopener \">Celestia: Market Dip Leaves TIA Investors 16% In The Red<\/a><\/div>\n<p><span style=\"font-weight: 400\">Uniswap\u2019s position within the crypto community is largely untouched, especially after its recent on-chain development that shows exceptional growth as a market. However, there are some aspects where the platform is seeing some weakness, putting UNI\u2019s position into question in the long term.\u00a0<\/span><\/p>\n<h2><strong>Uniswap Sees Exponential Increase In Uniswap v2 Trading Pairs<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a recent X post, Uniswap <\/span><a href=\"https:\/\/x.com\/Uniswap\/status\/17924065\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">shared<\/span><\/a><span style=\"font-weight: 400\"> a Dune query made by Austin Adams, a research fellow on the platform. It revealed that ever since Uniswap v2 was <\/span><a href=\"https:\/\/blog.uniswap.org\/uniswap-v2-now-live-across-more-major-chains\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">launched<\/span><\/a><span style=\"font-weight: 400\"> on the platform\u2019s major partner blockchains, trading pairs on the latter have skyrocketed by a significant degree.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Weekly number of pools being created on Uniswap v2<\/p>\n<p>Optimism: 342<br \/>\nArbitrum: 1,866<br \/>\nPolygon: 2,989<br \/>\nEthereum: 118,820<\/p>\n<p>&#8230;and Base: 512,545 \ud83d\udd35 <a href=\"https:\/\/t.co\/VkBPaY4qMq\" rel=\"nofollow\">pic.twitter.com\/VkBPaY4qMq<\/a><\/p>\n<p>\u2014 Uniswap Labs \ud83e\udd84 (@Uniswap) <a href=\"https:\/\/twitter.com\/Uniswap\/status\/17924065?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 19, 2024<\/a><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-637113\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?resize=1024%2C546\" alt=\"\" width=\"1024\" height=\"546\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=1411 1411w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_65bd57.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p><span style=\"font-weight: 400\">From its <\/span><a href=\"https:\/\/dune.com\/queries\/3798715\/6386745\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">initial figure<\/span><\/a><span style=\"font-weight: 400\"> of 79,277 back in February, it soa<\/span><span style=\"font-weight: 400\">red to over 636,562 as of August 19th; a whopping 703% increase since it was first deployed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The largest share of the bunch was Base, CoinBase\u2019s in-house Ethereum layer-2, with over 512,545 pairs alone on its Uniswap v2 deployment. The trust built within this period between Uniswap and a major market player like CoinBase will help the ecosystem in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, criticisms arose as to how the data was translated and what it represented.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">this is a bit odd \/ surprising \u2014 seems like an extreme long-tail distribution of liquidity that results in many pools being insufficient<\/p>\n<p>am i thinking about this correctly?<\/p>\n<p>\u2014 brady \ud83c\udf34 (@bmgentile) <a href=\"https:\/\/twitter.com\/bmgentile\/status\/26160913?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 19, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">CEO of Bonzo Finance Labs, Brady Gentile, <\/span><a href=\"https:\/\/x.com\/bmgentile\/status\/26160913\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that the data was odd and surprising for him, leading to the conclusion that the data represents that a lot of the pools included in the 636,562 figure don\u2019t have sufficient liquidity, thus finding the need for multiple liquidity pools for the same pair.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/8ejqiaYV\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">UNI is now trading at $6.9. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The sentiment has been echoed by the majority of the comments on the post. This air of suspicion with how the data is shown and with little to no chance of it being addressed by Uniswap may affect the overall view of the platform.\u00a0<\/span><\/p>\n<h2><strong>Breakthrough On $6.8 In The Short Term\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">With the slight drama surrounding how data was represented on the platform, the broader sentiment flipped from bullish to bearish as the bears tackled the breakthrough on the $6.8 ceiling.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/tron-rises-23-amid-new-developments-will-the-uptrend-continue\/\" target=\"_blank\" rel=\"noopener \">Tron Rises 24% Amid New Developments \u2013 Will The Uptrend Continue?<\/a><\/div>\n<p><span style=\"font-weight: 400\">With exchange reserves of the token <\/span><a href=\"https:\/\/cryptoquant.com\/asset\/uni\/chart\/exchange-flows\/exchange-reserve?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line&amp;img=link%2F66c6eb911f00ab5dee822fdf.png\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reaching<\/span><\/a><span style=\"font-weight: 400\"> monthly highs, UNI bulls are exhausted and overburdened by strong market pressure in the short term which will inevitably lead to losses. UNI may retrace to $5.8 in the short term before stabilizing on the $5.8-$6.8 in the medium term before another attempt in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this can only happen if the market itself is bullish, but with the recent up-and-down swings it has been experiencing, caution should be exercised to prevent further losses.\u00a0<\/span><\/p>\n<p><em>Featured image from FineProxy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the broader market swing suggesting that most cryptocurrencies are in a bull run, Uniswap has continued its upward trajectory, capturing some of the momentum of the broader market. According to CoinGecko, the token is up nearly 12% since last week despite the market dipping slightly yesterday, August 21st.\u00a0 Related Reading: Celestia: Market Dip Leaves TIA Investors 16% In The Red Uniswap\u2019s position within the crypto community is largely untouched, especially after its recent on-chain development that shows exceptional growth as a market. However, there are some aspects where the platform is seeing some weakness, putting UNI\u2019s position into question in the long term.\u00a0 Uniswap Sees Exponential Increase In Uniswap v2 Trading Pairs In a recent X post, Uniswap shared a Dune query made by Austin Adams, a research fellow on the platform. It revealed that ever since Uniswap v2 was launched on the platform\u2019s major partner blockchains, trading pairs on the latter have skyrocketed by a significant degree. Weekly number of pools being created on Uniswap v2 Optimism: 342 Arbitrum: 1,866 Polygon: 2,989 Ethereum: 118,820 &#8230;and Base: 512,545 \ud83d\udd35 pic.twitter.com\/VkBPaY4qMq \u2014 Uniswap Labs \ud83e\udd84 (@Uniswap) August 19, 2024 &nbsp; From its initial figure of 79,277 back in February, it soared to over 636,562 as of August 19th; a whopping 703% increase since it was first deployed.\u00a0 The largest share of the bunch was Base, CoinBase\u2019s in-house Ethereum layer-2, with over 512,545 pairs alone on its Uniswap v2 deployment. The trust built within this period between Uniswap and a major market player like CoinBase will help the ecosystem in the long term.\u00a0 However, criticisms arose as to how the data was translated and what it represented.\u00a0 this is a bit odd \/ surprising \u2014 seems like an extreme long-tail distribution of liquidity that results in many pools being insufficient am i thinking about this correctly? \u2014 brady \ud83c\udf34 (@bmgentile) August 19, 2024 CEO of Bonzo Finance Labs, Brady Gentile, stated that the data was odd and surprising for him, leading to the conclusion that the data represents that a lot of the pools included in the 636,562 figure don\u2019t have sufficient liquidity, thus finding the need for multiple liquidity pools for the same pair.\u00a0 The sentiment has been echoed by the majority of the comments on the post. This air of suspicion with how the data is shown and with little to no chance of it being addressed by Uniswap may affect the overall view of the platform.\u00a0 Breakthrough On $6.8 In The Short Term\u00a0 With the slight drama surrounding how data was represented on the platform, the broader sentiment flipped from bullish to bearish as the bears tackled the breakthrough on the $6.8 ceiling.\u00a0 Related Reading: Tron Rises 24% Amid New Developments \u2013 Will The Uptrend Continue? With exchange reserves of the token reaching monthly highs, UNI bulls are exhausted and overburdened by strong market pressure in the short term which will inevitably lead to losses. UNI may retrace to $5.8 in the short term before stabilizing on the $5.8-$6.8 in the medium term before another attempt in the long term.\u00a0 However, this can only happen if the market itself is bullish, but with the recent up-and-down swings it has been experiencing, caution should be exercised to prevent further losses.\u00a0 Featured image from FineProxy, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":637127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1558,82849,80532],"class_list":["post-637111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-cryptocurrency","tag-uni","tag-uniswap"],"acf":[],"yoast_head":"\n<title>Uniswap: Market Swing Yields 12% Gains For UNI<\/title>\n<meta name=\"description\" content=\"With the broader market swing suggesting that most cryptocurrencies are in a bull run, Uniswap has continued its upward trajectory, capturing some of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap: Market Swing Yields 12% Gains For UNI\" \/>\n<meta property=\"og:description\" content=\"With the broader market swing suggesting that most cryptocurrencies are in a bull run, Uniswap has continued its upward trajectory, capturing some of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T15:30:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T09:01:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_3795a7.png?fit=1600%2C960\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/uniswap-market-swing-yields-12-gains-can-uni-sustain-the-momentum\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Uniswap: Market Swing Yields 12% Gains &#8211; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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