Uniswap Showing Some Brewing Signs!
🔁 Uniswap's marketcap has climbed +21% since June 22nd. And its network has just seen a historic spike in dormant activity. 72.95B in age consumed (amount of t
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🔁 Uniswap's marketcap has climbed +21% since June 22nd. And its network has just seen a historic spike in dormant activity. 72.95B in age consumed (amount of tokens moved multiplied by how old those tokens are) is the highest $UNI dormant spike of all-time.
👨👦 This age consumed spike has resulted in the average age of 'hodling' wallets dropping by a massive -7.2%, with tokens moving from stagnant wallets back into circulation. Though not a guarantee, these major dormant spikes will very often coincide with increased network activity that can very well boost market values.
🔗 Track whether more dormant coins continue to move back into Uniswap's circulation with this handy chart!
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