UNI Falls 29% in Four Weeks Despite Stable Uniswap Liquidity
Edited by Steinar Vigdel Kolnes, Editor, Oslo
UNI has lagged bitcoin and ether over four weeks, while liquidity on Uniswap has remained near $4 billion, according to The Defiant.
Uniswap’s UNI token declined 29% over four weeks, underperforming both bitcoin and ether during that period, The Defiant reported.
The price drop contrasted with relatively stable liquidity on Uniswap, where roughly $4 billion remained in the protocol.
The figures show a divergence between UNI’s market performance and liquidity held on the exchange. The report did not identify a cause for the token’s decline.
Source: The Defiant