UNI Price Plunges Despite Uniswap's Strong Trading Volume
UNI price has plummeted by over 14% since Monday, despite Uniswap's strong performance in July.
The protocol's buy-and-burn mechanism is functioning as intended, but traders are comparing it unfavorably to other DeFi protocols.
Uniswap processed $53.4 billion in trading volume last month and generated over $98 million in fees during the past 30 days.