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The recent introduction of fees by Uniswap sparked speculation about a ‘sell the news’ reaction, a closer examination, however, offers a different perspective.The crypto analytic platform said that the negative MVRV suggests short-term UNI holders are perhaps feeling some pain.
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. 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’ front end will be taxed. This fee differs from Uniswap’s current “protocol fee,” which is overseen by governance voters. Uniswap Labs is imposing this fee as part of its effort to sustainably fund its operations. 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. While the introduction of the fee has led many investors to dump the asset and create FUD, a hook enabling Know Your Customer verification on the upcomingSpot Bitcoin ETFs and Ordinals Don’t Matter: Jimmy Song Talks Bitcoin Dark Side of Crypto ETF Approval: Unveiling the Hidden Risks and Challenges for Markets and InvestorsWe’re Still the Most Compliant Crypto Exchange Today: Binance’s New CMO Sheds Light On Its Urgent Challenges Sign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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