Uniswap’s social mentions were 1.6 times higher than that of Ethereum. And its social engagements were higher by 6.2 times. This development indicated that the discussions around DEXs such as Uniswap have been growing.weighted sentiment metric also witnessed an uptick over the past few days. A spike in the weighted sentiment indicates that the crypto community had more positive things to say about Uniswap.Moreover, the fees generated by Uniswap also witnessed a spike between 9 and 11 November.
Uniswap’s total revenue increased by 45% over the last 30 days. And, its trading volume also increased by 40%.The growing trading volume could be one of the reasons why Uniswap continues to dominate the DEX market. In terms of pool value, Uniswap showed dominance. As can be witnessed from the image below, Uniswap’s pool value outperformed that of SushiSwap over the past few months.These positive developments, in Uniswap’s favor, could be one of the reasons why whales were showing interest in the
Source: News Formal (newsformal.com)