• Uniswap’s value has dropped by 5% in the last week.
• Day traders have increasingly distributed their holdings since the month began. 

The price per Uniswap [UNI] token has fallen by 5% in the last week amid low demand and the recent imposition of an interface fee of 0.15% on trades involving Ethereum [ETH], wrapped Ethereum [wETH], USD Coin [USDC] and other crypto assets.

Realistic or not, here’s UNI’s market cap in BTC’s terms

In an announcement post on X (formerly Twitter) made on 16 October, the protocol’s founder, Hayden Adams, noted:

“This interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi.”

The announcement came on the same day that a large amount of UNI tokens, approximately 15.8 million, were transferred from one wallet to another, representing the asset’s largest token movement since March 2021.

According to on-chain data provider IntoTheBlock,

“Further research has shown that this move wasn’t caused by investor confidence but rather by an internal transfer from the Uni

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Author: Abiodun Oladokun

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