Over the past day, the UNI token of the Uniswap decentralized exchange has risen in price by 11.9%. The coin took the eighth place in terms of capitalization among the assets of the cryptocurrency market, bypassing Litecoin and Chainlink.
At the time of writing, the asset is valued at $ 17.9 billion. In seven days, its price has risen by 55.2%. The token is trading at $ 34.38, according to CoinGecko.
Rating of cryptoassets by trading volume. Data: CoinGecko.
According to DeFi Pulse, the leading decentralized exchange ranks fourth in terms of blocked funds in the sector. The figure is $ 3.93 billion at the time of writing.
In September 2020, the exchange token entered the top 50 assets by market capitalization.
In December, the trading volume on Uniswap exceeded $ 50 billion, and in February the indicator exceeded the $ 100 billion mark.
As a reminder, PancakeSwap’s DeFi platform has surpassed Uniswap in terms of the value of blocked funds.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
