Native Uniswap token entered the top 50 assets by market capitalization

The governance token of Uniswap, a leading decentralized exchange, is up 75% to $5.28 after being listed on leading centralized platforms. With a capitalization of $457 million, UNI ranked 42nd in the CoinGecko ranking.

Against the background of the growth in the price of the native token, Uniswap won first place in terms of the volume of blocked funds in the segment. According to DeFi Pulse, the leading DEX jumped 80% in 24 hours to $1.43 billion.

The excitement caused by the release of UNI led to the renewal of the record for the daily number of transactions on the Ethereum network. According to Etherscan, on September 17, this figure reached 1.406 million.The previous high of 1.35 million was set on January 4, 2018.

An hour after the release, UNI was listed on the Binance exchange. After another five hours, Coinbase Pro reacted in a similar way, causing the so-called “Coinbase effect.”

To date, UNI has been listed on 12 exchanges in 40 trading pairs. According to CoinGecko, the token’s trading volume over the past 24 hours amounted to $2.89 billion, behind only Tether, Bitcoin and Ethereum.

In terms of market capitalization, UNI ranked 11th in the DeFi segment.

According to some users, UNI’s growth may continue. This is supported by a wide audience (82.4 thousand traders over the past seven days, according to Dune Analytics) and an affordable price for ordinary market participants.

The growth in UNI value interrupted the negative dynamics of the management token of the Uniswap fork – SushiSwap. Its price has increased by 27% over the past day, reducing the fall over the past two weeks to 64.6%.

Be the first to comment

Leave a Reply

Your email address will not be published.


*