However, despite the growth in terms of liquidity, its TVL wasn’t impacted much and its movement remained flat over the past few months. At the time of writing, the total value locked by Uniswap was $4.45 billion, according to data providedAlong with that, the total fees collected by Uniswap continued to decline as well. According to Token Terminal, the fees generated by
depreciated over the past seven days by 12.2%. In the last 24 hours, the total revenue collected by the DEX was $1.1 million.4.99% as well. At press time, the overall supply side revenue collected was $3.43 million. On the other hand, Uniswap’s network growth witnessed a massive uptick over the last few days, as can be seen from the image below.
This indicated that the number of new addresses that transferred a UNI token for the first time had increased, showing an interest in UNI from new users. But that’s not all, Uniswap also observed a spike in its development activity over the last week. Thus, suggesting that the developers were increasingly contributing toAs evidenced by the chart below, it can be seen that the number of daily transactions on the UNI network grew significantly in the last few months.Unfortunately, despite these positive developments, UNI’s price continued to decline.