Despite the CryptoWinter that saw Uniswap (UNI) price slip, transaction count has spiked YoY
Over the past year, Uniswap has lost far more than 69.2% of its value with the price slipping from the 52 high of $18.10 its current price. The price slump is a function of the intense crypto winter that has kept the majority of crypto assets bound. Besides this broader ecosystem sentiment, Uniswap notably recorded a number of ecosystem andAmid this bearish sentiment, on-chain data from Dune Analytics showed that Uniswap has recorded a significant upshoot in its total transaction count.
The higher transaction count, however, did not imply a higher volume as the total volume at the moment is pegged at $2.18 billion compared to the $15.87 billion recorded a year ago.Despite the current outlook in the crypto ecosystem, Uniswap still occupies a very pivotal point in the decentralized finance ecosystem. Uniswap has maintained its dominance as the second-largest decentralized exchange, trailing only dYdX by trading volume.
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