Understanding the Market Dip: Uniswap (UNI) and Maker (MKR) DeFi Tokens’ Unexpected Downturn

• Uniswap [UNI] and Maker [MKR] tokens have seen a significant drop in volume, down by 71.30% since their March peak.
• Despite an improving sentiment, participants are still hesitant to add liquidity to these protocols.
• Both tokens have also slipped in the Total Value Locked (TVL) rankings, with Maker at number four and Uniswap at sixth.

After a surge in transaction volume in March, Uniswap [UNI] and Maker [MKR] tokens have experienced a significant decline, raising questions about their future performance.

Volume Decline Impacts Price Action

According to data from IntoTheBlock, the volume last week for both tokens was just over $1 billion, a 71.30% decrease since their March high. This decline has had a noticeable impact... Read the full article for FREE at COINOTAG!