Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Michael Saylor Issues Bullish Bitcoin Chart

July 8, 2025

Ethereum OG Moves $2.2 Million in ‘Genesis Coins’ After 10 Years HODLing

July 8, 2025

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

    July 8, 2025

    Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

    July 7, 2025

    Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » Uniswap (UNI) trading volume soars as DEXs see increased traction
Markets

Uniswap (UNI) trading volume soars as DEXs see increased traction

Crypto Observer StaffBy Crypto Observer StaffNovember 29, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Decentralized exchange Uniswap presents an impressive performance, with its trading volume hitting seven-month peaks. That comes as DEXs gained surged interest in November .

DEXs are gaining traction again.

Trading volume on DEXs is up by 42% in the past 30 days.

I compared the top 10 DEXs by volume and their tokens.

I found @QuickswapDEX to be the most undervalued Dex token based on FDV/7D Volume metrics, followed by @orca_so and @TraderJoe_xyz. pic.twitter.com/BMj2aNwaSU

— hitesh.eth (@hmalviya9) November 16, 2023

Further, the traction towards decentralized exchange skyrocketed since Binance’s CZ stepped down after violating United States anti-monetary laws. Changpeng Zhao’s exit continues to create ripple in the crypto market.

Uniswap’s $16.50 billion 30-day trading volume nears April’s value of $16.62 billion. The metric jumped over 20% in the past day to $713 million and will potentially outshine April figures by November-end.

Uniswap price

Uniswap price trades in a consolidation mode at press time. UNI changed hands at $6.12 after a slight action within the previous day. Meanwhile, its substantial uptick on 22 November catalyzed stable upswings that saw prices hit $6.60 as of 24 November. The alt painted its seven-day price chart green following a 20% increase.

UNI 7D Chart on Coinmarketcap

The altcoin remained elevated since October, overcoming a crucial resistance last week.

The descending resistance has prevented UNI uptrends since April 2022. The hurdle triggered an upside rejection in July 2023 before the October support level retest welcomed an extended surge for the token.

The 7-day Relative Strength Index read above the neutral 50, highlighting a bullish edge. Furthermore, the increasing trading volume will likely bolster UNI’s trajectory. Analysts believe the altcoin is poised for solid surges.

$UNI Macro Trendline Breakout is Already Confirmed..✅

Looks Promising for the 2x Bullish Rally in the Midterm.

Buy & Hold with the Patience, You’ll Thank me later. ✍️#Crypto #UNI #Uniswap pic.twitter.com/nuZrIZXjy2

— Captain Faibik (@CryptoFaibik) November 27, 2023

Captain Faibik points out a potential 2x rally for Uniswap in the mid-term following a breakout confirmation. He advises holders to remain patience for potential bull runs.

Continued platform developments and broad market developments remain crucial for shaping UNI’s future price outlook.

The post Uniswap (UNI) trading volume soars as DEXs see increased traction appeared first on Invezz



Read the full article here

Exchange
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025

Investor claims 7-minute MicroStrategy STRF delay — forgets market closes

July 7, 2025

Murano Announces Enhancements to its Core Strategy with Bitcoin (BTC) Treasury Initiative Following Execution of Up to $500 Million Standby Equity Purchase Agreement (SEPA)

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Michael Saylor Issues Bullish Bitcoin Chart

July 8, 2025

Ethereum OG Moves $2.2 Million in ‘Genesis Coins’ After 10 Years HODLing

July 8, 2025

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.