Uniswap

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Uniswap (<a href="https://crypto.news/price/uniswap/">UNI</a>) investors have been dumping the asset as the decentralized finance (defi) protocol started to charge swap fees. 
Uniswap founder Adam Hayden announced on Oct. 16 that the protocol will start <a href="https://crypto.news/uniswap-to-charge-0-15-swap-fees-in-web-app-and-wallet/">charging a 0.15% swap fee</a> to continue its operations. Both wallet and web application users would have to pay the fee to swap tokens, according to a crypto.news report. 
Moreover, users found a know-your-customer (KYC) verification hook in the open directory of Uniswap V4. Following the introduction of swap fees and KYC procedure, users on X (formerly Twitter) call the defi protocol “centralized.” 
 You might also like: <a href="https://crypto.news/uniswap-to-charge-0-15-swap-fees-in-web-app-and-wallet/"> Uniswap to charge 0.15% swap fees in web app and wallet </a> 
Expert <a href="https://crypto.news/uniswaps-kyc-move-essential-for-dex-survival-expert-says/">believes that KYC verification is necessary</a> for Uniswap’s long-term survival despite all the criticism the protocol has faced from its users.&nbsp; 
According to the market intelligence platform Santiment, investors have begun dumping UNI tokens as the platform started to charge swap fees.&nbsp; 
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 🦄 <a href="https://twitter.com/hashtag/Uniswap?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Uniswap</a>'s <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#onchain</a> activity, particularly address activity, has grown quickly in the past couple of days. With the introduction of fees to the network, many are dumping the asset and creating <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FUD</a>. Read our quick insight on what to expect from <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$UNI</a>. <a href="https://t.co/DP5UuqzGKg" target="_blank">https://t.co/DP5UuqzGKg</a> <a href="https://t.co/MU4VcE7Tlp" target="_blank">pic.twitter.com/MU4VcE7Tlp</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1714862957375762931?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 19, 2023</a>
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Moreover, data shows that the number of active UNI addresses has witnessed a significant rise over the past week while the network’s growth declined by around 50%. 
Per the market intelligence platform, UNI’s market value over realized value (MVRV) indicator has dropped to negative 6.6% on a 3-day scale. In simple terms, short-term Uniswap holders suffer losses as the asset declined by 10.6% over the past month. 
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 <img decoding="async" loading="lazy" width="1126" height="600" src="https://crypto.news/app/uploads/2023/10/UNI-price-Oct-19.png" alt="Short-term Uniswap (UNI) holders in loss as investors dump - 24" class="wp-image-14206048">
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 UNI price – Oct. 19 | Source: Trading View
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UNI is still up by 1.1% in the past 24 hours and is trading at $3.92 at the time of writing. The asset’s market cap stands at $2.26 billion while its 24-hour trading volume registered a 37% decline — currently at $45 million.&nbsp; 
 Read more: <a href="https://crypto.news/uniswaps-kyc-move-essential-for-dex-survival-expert-says/"> Uniswap’s KYC move essential for DEX survival, expert says </a>

Short-term Uniswap (UNI) holders in loss as investors dump

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