The growing utility of Uniswap reflected the steady growth in the number of users that it has experienced so far this year.Uniswap has so far added 73,215 addresses since the start of 2023. Its largest addresses spike occurred in July. Furthermore, the DeFi landscape has been growing and is now more interconnected than ever. As such, the value proposition is much higher now than it has been in the past, hence the growing incentive to use DEXes.
This improvement was courtesy of a sudden sentiment shift after a previous period of low volatility and low demand.UNI attempted to secure some bullish momentum in the last few days and the latest rally in the last 24 hours extended on that attempt. As a result, UNI managed to push out of the oversold zone. This is because the crypto market has enjoyed some