Quick take:
- The number of Uniswap whales holding 100k or more UNI now stands at 237
- This is a 16% increment in 3 weeks
- Uniswap (UNI) has just set a new all-time high of $13.17 – Binance rate
- Liquidity on Uniswap also hit a new all-time high of $3.53 Billion
- Uniswap’s fundamentals point towards a thriving DEX and ecosystem
The number of Uniswap whales holding 100,000 or more UNI now stands at 237. This is according to data provided by the team at Santiment who also pointed out that this number stood at 204 only three weeks ago. This signifies a 16% increment in their number in the stated time period. Furthermore, the increment in Uniswap whales coincides with UNI setting a new all-time high earlier today of $13.17 – Binance rate.
The team at Santiment shared their observation of Uniswap whales via the following statement and accompanying chart.
Uniswap has just broken yesterday’s All Time High, & just crossed $13 for the first time. New whale addresses are a clear reason! Our whale holders data indicates addresses with 100k or more UNI have inflated to a new high themselves at 237.
Liquidity on Uniswap Also Hits a New All-time High of $3.53 Billion
The price of Uniswap is not the only metric hitting all-time high values as the liquidity on the protocol recently achieved a similar feat. On the 24th of January, the liquidity on Uniswap hit a new all-time high of $3.53 Billion. Below is a screenshot of the achievement courtesy of Uniswap analytics.
Trading on Uniswap at All-time High levels
All the aforementioned fundamentals of Uniswap are attributed to a significant increment in the trade volume on the decentralized exchange. The team at Glassnode had earlier on this month pointed out that the daily trade volume across all asset pairs on Uniswap was at an all-time high. According to Glassnode, an average of $780 million was traded per day thus surpassing levels last seen in September of 2020 during last year’s DeFi boom.
The team at Glassnode shared this information via the following tweet.
The daily trading volume (7d moving average) across all asset pairs on @UniswapProtocol is at an ATH.
On average, $780 million were traded per day in the past week, surpassing the previous peak in early September 2020.#Ethereum
Chart 👉 https://t.co/iyFZNUHn3F pic.twitter.com/FHuEzojAKs
— glassnode (@glassnode) January 9, 2021
