Uniswap is proving to be one of the great underrated crypto assets as of this moment – MVRV sitting at an unusual beneath 1 mark since 2022; prices dropped drastically from 2020’s heights of $45 to $6. Out of those owning Uniswap tokens, more than 60% are currently in either break-even or in-loss territory.
However, even with the plummeting in its price, Uniswap stands apart from the competition when putting into account its trading volume – totaling $4.89% billion over the last seven days. PancakeSwap and Balancer, as well as numerous other DEX’s, nowhere near approaching a fraction of the figure at hand – $500 million to $2 billion being what their combined might amonts to.
A recent research study brought light to the protocol having established $3 billion in trading-nakes since it’s launch, though on the bad side, analyst Anders Helseth believes that UNI coins will never come near the value it deseres, barely as much as being regarded as ‘worthless’. Detailing the endeavor in range of posts over a Twitter thread, the analyst argues that whenever DeFi dives, UNI’s own fully dilated asset will become but a quarter of the spoken for in trading fees, falling moreover in an exceedingly unlikely position of attaining share of any of Uniswap’s trading cost in the future.
