Uniswap witnessed a high surge in activity due to SVB’s collapse. However, its UNI token didn’t see the same growth. The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to see […]
Interestingly, the spike in fees generated impacted the revenue collected by these protocols. According to Messari’s data, revenue generated by Uniswap increased by 0.74%, whereas the Curve protocol witnessed an uptick of 0.12%.
The high spike in revenue for Aave was made possible because there was a surge of 89.93% in the number of unique users on the Aave protocol.The high activity on all these protocols, however, did not translate to a surge in the total value locked on them. Meanwhile, it was found based on Messari’s data, bots were responsible for the majority of the activity on the Uniswap protocol.
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