Uniswap (UNI), one of the prominent decentralized exchanges in the cryptocurrency space, has seen a fluctuating market performance recently.
As of the latest data, UNI is priced at $8.31, reflecting a slight decrease of 0.85% over the past 24 hours. This places it at number 22 in terms of market capitalization, which currently stands at approximately $4,985,277,778.
In terms of trading volume, UNI has recorded $118,565,403 over the last day, positioning it at number 50 by volume rankings. The volume-to-market cap ratio, an indicator of liquidity, stands at 2.35%, suggesting moderate trading activity relative to its market size.
Uniswap’s Total Value Locked (TVL), a measure of the total assets held within its smart contracts, amounts to $5,201,703,563. This figure is crucial as it indicates the amount of liquidity available for trading on the platform.
The Market Cap to TVL ratio is currently calculated at approximately 0.96106486, highlighting a balance between market valuation and liquidity provision.
In terms of tokenomics, Uniswap has a circulating supply of 600,034,295 UNI out of a total supply of 1,000,000,000 UNI. This distribution model aims to manage inflation and maintain value stability over time.
Despite today’s minor decline, Uniswap continues to play a pivotal role in the decentralized finance (DeFi) ecosystem, facilitating trustless and efficient trading through its automated market maker (AMM) protocol.
As the broader cryptocurrency market evolves, UNI’s performance will likely continue to be influenced by market sentiment, technological developments, and regulatory developments affecting the DeFi sector.
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