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 <p class="is-style-lead">Uniswap (UNI) <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> have been dumping the asset as the decentralized finance (defi) protocol started to charge swap fees.</p>
 <p>Uniswap founder Adam Hayden announced on Oct. 16 that the protocol will start charging a 0.15% swap fee 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.</p>
 <p>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.”</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Uniswap to charge 0.15% swap fees in web app and wallet
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 <p>Expert believes that KYC verification is necessary for Uniswap’s long-term survival despite all the criticism the protocol has faced from its users.&nbsp;</p>
 <p>According to the market intelligence platform Santiment, <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> have begun dumping UNI tokens as the platform started to charge swap fees.&nbsp;</p>
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    <p lang="en" dir="ltr">#Uniswap's #onchain 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 #FUD. Read our quick insight on what to expect from $UNI. https://t.co/DP5UuqzGKg pic.twitter.com/MU4VcE7Tlp</p>— Santiment (@santimentfeed) October 19, 2023
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 <p>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%.</p>
 <p>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 <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> suffer losses as the asset declined by 10.6% over the past month.</p>
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   UNI price – Oct. 19 | Source: Trading View
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 <p>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;</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Uniswap’s KYC move essential for DEX survival, expert says
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/short-term-uniswap-uni-holders-in-loss-as-investors-dump-tbt66931.html">https://thebittimes.com/short-term-uniswap-uni-holders-in-loss-as-investors-dump-tbt66931.html</a></p>

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

TheBitTimes

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