Ethereum (ETH) and Uniswap (UNI) See Migration of Holders Towards Everlodge (ELDG), Here’s Why
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The crypto market is going through a rough patch lately. Even long-standing projects like Ethereum (ETH) and Uniswap (UNI) have struggled to survive. But with Everlodge’s presale, investors can breathe a sigh of relief.
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The latest data from Santiment has revealed that the average network fee on Ethereum (ETH) has dropped to its year-low. Experts believe that a declining network fee can lead to more activity on Ethereum (ETH).
Lower fees will make Ethereum (ETH) more affordable, prompting developers to build on its network. This, in turn, can lead to an increased market cap of Ethereum (ETH).
Currently, the transaction fee on the Ethereum (ETH) network is $0.98. However, Ethereum investors are getting worried due to the declining price of ETH. Ethereum’s (ETH) market value has slumped by more than 3% over the past month, and currently hovers at $1,592.54.
Recently, the Uniswap (UNI) exchange has achieved a major milestone in terms of transactions. Reportedly, the total transaction count on Uniswap (UNI) has surpassed 200 million. However, Uniswap (UNI) has not been able to escape the overall market downfall.
The trading price of Uniswap (UNI) has fallen by 6% in the past month. Consequently, Uniswap (UNI) is now available for $4.28. Meanwhile, the on-chain data has revealed that the transaction volume on Uniswap (UNI) has declined by around 80% since March.
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