$UNI ｜Uniswap trading volume has risen to 2.5 times its usual level (24h: $5.543 billion vs. a daily average of $2.194 billion).
To assess how meaningful this surge in volume is, there are usually three things to look at:
Is the trading volume coming from a single popular token?
Have the number of trades and trading addresses increased in tandem? If the volume rises but the number of addresses doesn’t, watch out for wash trading.
Do large arbitrage trades account for most of the volume?
Only if these checks out can we call it organic growth in activity.
#UNI
To assess how meaningful this surge in volume is, there are usually three things to look at:
Is the trading volume coming from a single popular token?
Have the number of trades and trading addresses increased in tandem? If the volume rises but the number of addresses doesn’t, watch out for wash trading.
Do large arbitrage trades account for most of the volume?
Only if these checks out can we call it organic growth in activity.
#UNI