Uniswap’s altcoin trading volume last week accounted for nearly 12%, which is close to the peak of the last bull market, which may indicate the growth of investment interest in long-tail tokens.

02/26 03:12

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According to Glassnode data, Uniswap's trading of altcoins has seen a resurgence, indicating that investor interest is shifting beyond the risk curve. Interest in altcoin trading began to increase in mid-2023, mainly driven by the "meme coin craze". Last week, altcoin trading accounted for nearly 12% of Uniswap's trading volume, close to the peak of the last bull market of 17.4%. In comparison, WBTC and WETH trading accounted for 47% of trading volume, and stablecoins accounted for 40%. Liquidity providers on Uniswap tend to closely monitor the market, checking the composition of the total locked value (TVL) on Uniswap, and observing an increase in liquidity allocation for tokens outside the top 50 during the altcoin season. This trend indicates an increase in investor interest in long-tail tokens.

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