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UniSwap, AAVE and SushiSwap – DeFi projects with a positive outlook for the future

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DeFi sector
Source: Shutterstock, Vladimir Kazakov

There has been little positive about the crypto market in the last week. Most projects have very low volumes and especially declines. However, there are projects that can profit even in worse times. These are DeFi tokens AAVE, UniSwap and SushiSwap.

According to the latest data provided by Messari, tokens that are tied to DEX and DeFi platforms are on a strong bullish wave. Uniswap, Aave and SushiSwap recorded an increase of 1.1%, 2.8% and 6.3%, respectively.

Is it a good time to invest in these projects?

Is now the right time to invest in these DeFi projects? If we look at the influx of new addresses into the DeFi sector, we see consistency. At the time of writing, there were approximately 3.38 million DeFi addresses.

Number of unique DeFi addresses


Number of unique DeFi addresses. Source: Dune Analytics

Among other things, a significant increase in trading volumes was recorded for the projects. This, too, can play an important role in the short term. So if we look at the possibility of evaluating these tokens, it is definitely one of the better options. The ratio of market capitalization to the so-called TVL was at the level for the UniSwap, AAVE and SushiSwap projects 2.65, 0.32 and 0.44. We can therefore assume that these projects are a suitable choice for long-term investment.

Trading volumes


AAVE, Sushi and UNI store volumes. Source: Santiment

Another important fact is the increase in the outflow of tokens into private wallets. This can also be a good signal, as traders are clearly waiting for better prices.

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