Uniswap On-Chain Activity Surges Despite Speculation Over Fee Introduction: Data

The recent introduction of fees by Uniswap sparked speculation about a ‘sell the news’ reaction, a closer examination, however, offers a different perspective.

Despite a 5% decline in UNI’s price since the initial announcement, Uniswap’s on-chain activity has grown.

According to the latest insight by Santiment, a noticeable disparity is observed in the diminishing UNI price and the increasing on-chain activity.

The crypto analytic platform said that the negative MVRV suggests short-term UNI holders are.