The crypto market buzzes with activity. Uniswap (UNI) is on a decline, Chainlink (LINK) faces a supply crunch, while BlockDAG is catching eyes with its presale launch.
UNI Declines and DeFi Strength Rises
UNI's price is currently at $9.37, down 23% from its August high. However, Uniswap's DeFi infrastructure remains robust, with an August trading volume of $143 billion and an annual total exceeding $724 billion. Uniswap has garnered $273.7 million in protocol fees this quarter, more than double last year's amount. Whale wallets have increased their holdings to 8.77 million UNI, while exchange supply has dropped to 645 million.
LINK Supply Tightens
Chainlink is drawing analyst attention due to nearly 90% of LINK holders being in profit reducing selling pressure. Exchange reserves have shrunk to 161.5 million, one of the lowest points recently. Currently, LINK is consolidating around $23.58, down from August highs above $25.
BlockDAG's Success Dynamics
BlockDAG is making waves with $403 million collected in its presale at $0.0013. The standout feature is the Buyer Battles format where the biggest buyer of the day wins unsold coins, fostering competition and demand. To date, 26.1 billion coins have been sold, with a 2900% ROI for early participants.
While Uniswap and Chainlink reveal strengths, BlockDAG stands out due to its dynamic and participatory opportunities. The $403 million raised confirms growing interest in this project.
