Last week, the trading volume of altcoins on Uniswap accounted for nearly 12%, approaching the peak of the previous bull market, indicating a growing interest in investing in long-tail tokens

According to Glassnode data, trading of altcoins on Uniswap has seen a resurgence, indicating that investor interest is shifting beyond the risk curve. Interest in altcoin trading began to increase in mid-2023, mainly driven by the trend of "meme coin frenzy." Last week, altcoin trading accounted for nearly 12% of Uniswap's trading volume, close to the peak of 17.4% during the last bull market. In comparison, WBTC and WETH trades accounted for 47% of the volume, stablecoins for 40%. Liquidity providers on Uniswap tend to closely monitor the market, examining the composition of Total Value Locked (TVL) on Uniswap. It was observed that liquidity allocation for tokens outside the top 50 rankings increased during the altcoin season period. This trend indicates growing investor interest in long-tail tokens.