CandleFocus

Is Uniswap the best-performing DEX exchange?

Uniswap (UNI) price is trading above $7.8, experiencing a 6% gain, indicating optimism among investors. On-chain metrics, including daily active users, fee collection, and trading volume, suggest strong performance for Uniswap compared to other decentralized exchanges (DEX) platforms over the past three months. The increase in daily active users, surpassing the top 20 DEX projects, indicates growing demand for Uniswap's platform, potentially leading to a price rally. Uniswap has also collected over $399 million in fees, further supporting the bullish outlook. Additionally, UNI's trading volume is the highest among the top 20 DEX projects. Furthermore, a decline in the Santiment Supply on Exchanges metric signals increasing investor confidence as UNI tokens are removed from exchanges and stored in cold wallets, reducing selling pressure.

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