Uniswap TVL went from 3.893B on 18 October to 4.197B today. That is 304M of net deposits in a single day and a 7.8 percent jump, the largest daily move in its deposit base this month.
The flow shows up downstream. Volume routed through the protocol hit 1.679B over 24 hours against 1.146B the day before, up 46.5 percent. Fees followed at 2,047,175 versus 1,802,619, up 13.6 percent. Protocol revenue went from 128,740 to 197,770, up 53.6 percent.
$UNI did not match that in proportion. The token is at 7.2710, up 3.6 percent on the day, but spot turnover was 30.54M against a 30 day average of 72.11M, so 0.42x, across 156,021 trades. The strongest day of protocol activity this month came with the thinnest token participation.
Derivatives lean the same way. Open interest peaked at 22.96M tokens at 14:00 UTC and has bled to 22.64M since, so the last stretch of the move ran on less leverage, not more. The long short account ratio moved from 1.5961 at 13:00 to 1.6532 now, 62 accounts in 100 long, and funding settled at 0.0059 percent at 16:00, the highest of the last eight settlements.
On the daily the structure is still lower high, lower low. Price is 33.6 percent under the 10.942 of 23 September and is pressing 7.90 from below, with the demand band at 6.74 holding since 13 October.
Rank 22, a 4.506B cap, and 110.05M of fees over the last thirty days against 8.88M that reached the protocol itself.
Follow for the on-chain numbers behind each move.
#CryptoVaultDepositsTop$10Billion #UNI #DeFi #altcoins #crypto
The flow shows up downstream. Volume routed through the protocol hit 1.679B over 24 hours against 1.146B the day before, up 46.5 percent. Fees followed at 2,047,175 versus 1,802,619, up 13.6 percent. Protocol revenue went from 128,740 to 197,770, up 53.6 percent.
$UNI did not match that in proportion. The token is at 7.2710, up 3.6 percent on the day, but spot turnover was 30.54M against a 30 day average of 72.11M, so 0.42x, across 156,021 trades. The strongest day of protocol activity this month came with the thinnest token participation.
Derivatives lean the same way. Open interest peaked at 22.96M tokens at 14:00 UTC and has bled to 22.64M since, so the last stretch of the move ran on less leverage, not more. The long short account ratio moved from 1.5961 at 13:00 to 1.6532 now, 62 accounts in 100 long, and funding settled at 0.0059 percent at 16:00, the highest of the last eight settlements.
On the daily the structure is still lower high, lower low. Price is 33.6 percent under the 10.942 of 23 September and is pressing 7.90 from below, with the demand band at 6.74 holding since 13 October.
Rank 22, a 4.506B cap, and 110.05M of fees over the last thirty days against 8.88M that reached the protocol itself.
Follow for the on-chain numbers behind each move.
#CryptoVaultDepositsTop$10Billion #UNI #DeFi #altcoins #crypto