UniHexa has been expanding the whitelist for almost 3 days now.
I took a look at the current data. Hereโs the conclusion straight away:
Trading is enabled, but the market hasnโt really taken off yet.
At the moment, there are only 3 Runes trading pairs.
$DOGโs 24-hour trading volume is 0.00649642 BTC, about $492, and the page shows a market cap close to $95M.
MIM and UNCOMMONโขGOODS both have a 24-hour trading volume of 0.
In the screenshot, the most recent few trades of $DOG are only around $7 to $10.
This indicates that the product workflow really has been running and genuine trades are starting to appear.
But the problem is equally clear.
For an asset with a market cap close to $95M, there are only a few hundred dollars worth of trades in a day. With this level of liquidity, retail investors can buy in easily, but when they want to sell, there may not be someone to take the other side.
UniHexa can only be said to have completed the first step for nowโitโs not fair to say the market has already been built.
The limited number of whitelisted users and the small number of trading pairs are objective reasons. Next, it still needs to continue opening up users and adding assets, and then bring in the project team and market-making funds.
If youโre in the whitelist, you can test with a small amountโthereโs no need to go heavy.
Going forward, Iโll only watch three data points:
When BRC-20 goes live, how many trading pairs can be added, and whether the 24-hour trading volume can keep increasing continuously.
#unihexa #UniSat #bitcoin #runes