Could GitHub submissions push Uniswap [UNI] up the price chart

ambcrypto.com:

Thanks to Decentralized Finance (DeFi), strangers on the internet are now able to access financial services on decentralized exchanges with no middlemen. With a total of $7b worth of liquidity committed in the protocol, Uniswap remains a leading entity in the DeFi space.

The latest data on metrics revealed that with over 1,400 GitHub submissions per day, Uniswap remains the dominant project as its development activity continues to spike.

Increasing development activity on a metric front is good for any project. It is an indication that investors believe that the project will be successful. The development activity also hints that the project is shipping more features and is less likely to be just an exit scam. That said, it’s important to know what other metrics are hinting at.

A look at the share of UNI’s mentions on crypto-related social media, when compared to a pool of over 50 others, shows a decline in its social dominance.

Reaching a high of 26% as of 18 September 2020, the social dominance for the token has since taken on a downturn. At the time of writing, this stood at 0.964%, a 96% decline in just two years.

The Social Volume for the coin also followed a similar progression. Standing at 161 at the time of this press, it had lost over 97% of its value since it reached a high of 5628 in September 2020.

Source: Santiment

Active Deposits at the time of this writing stood at one. After recording a high of six on 26 April. It is pertinent to note that increased Active Deposits are an indication of increased short-term selling pressure.

April was marked with a significantly low index for the coin’s Active Deposits with the highest being 18 recorded on 8 April. Similarly, Active Withdrawals for the UNI token stood at seven at