Uniswap [UNI] struggles to recover following multiple obstacles, more inside

ambcrypto.com:

Uniswap [UNI], the largest decentralized exchange (DEX), recorded a considerable fall in its trading traffic in February. Data from Token Terminal highlighted that the trading volume tanked 46% since mid-February, while trading fees almost halved in the same time period.

Source: Token Terminal

Realistic or not, here’s UNI’s market cap in BTC’s terms

To make matters worse, the Uniswap community had other bad news to deal with.

Uniswap announced the launch of a self-custodial mobile wallet which will allow users to swap tokens between Ethereum [ETH] mainnet and other layer-2 networks like Arbitrum [ARB], Optimism [OP] and Polygon [MATIC].

Uniswap added that the app will be available as a limited early release to 10,000 users via the TestFlight beta platform because Apple had rejected the final build of the product just before its planned December 2022 launch.