Are Uniswap's [UNI] high fees threatening the popularity of the DEX

Uniswap UNI ranked third in the crypto space in terms of fees charged to users. According to Token Terminal's tweet on 25 January, the cumulative fee generated by Uniswap was $30.4 million at the time of writing.

Timeline of Uniswap

Uniswap price analysis reveals the coin is getting weaker against the US dollar as it trends downward. The coin broke below its important support level of $6.14 and is now trading at $6.34, down by 6.08% in the last 24 hours.

Uniswap's price analysis shows that cryptocurrency is currently in a downward trend. The price is hovering around $7.00 and has been steadily declining; it is now trading at $6.61 since the beginning of today.

Uniswap price analysis is on a bullish trend today, with the UNI/USD pair rising to the $6.63 mark. The bulls have been in control of the market since the beginning of today, and it appears that they have no intention of stopping anytime soon.

Recent Uniswap price analysis is bearish as the price has further declined today. The price levels have reduced to the $6.06 range, and a steady decline in UNI price has been going on since today.

Uniswap price analysis suggests a downward movement to $6.000 The closest support level lies at $6.400 UNI faces resistance at the $6.700 mark The Uniswap price analysis shows that the UNI price action has struggled to break above $7.000 and has fallen below the $6.

Bitwise has predicted that Uniswap would surpass Coinbase in terms of trading volume in Q4 2023 as confidence in centralized exchanges erodes. The post Will Uniswap Make a 2023 Comeback After a Year of Bad CEX?

In a recent prediction made by Bitwise, it was stated that Uniswap would be overtaking Coinbase in terms of trading volume. According to Bitwise, this event would happen in Q3 of 2023.

Uniswap price analysis shows that the digital asset has found stability at $6.05 after receiving a bullish push from the market. The cryptocurrency is currently trading above the $5.96 level, and it looks like it is preparing for another leg up in the near future.

Uniswap price analysis suggests sideways movement between $5.70 and $5.90 The closest support level lies at $5.800 UNI faces resistance at the $5.90 mark The Uniswap price analysis shows that the UNI price action was rejected at $5.95 and moved back toward the $5.80 support level.

Uniswap price analysis for January 9, 2023, shows bullish momentum. The Uniswap token (UNI) is currently trading at $5.92 and has surged by over 8.2% from the opening price of $15.47.