logo |

News

    Home   >     Industry    >     Main body

    UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10

    Abstract:UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10

      Uniswaps governance token has become the first DeFi token to rank among the ten-largest crypto assets by capitalization.

    as.jpeg

      The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap as speculation builds for the exchanges coming V3 overhaul.

      Messari currently ranks UNI as the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization.

      UNI broke into the top 10 on March 5, becoming the first native token of a DeFi DApp to hold the distinction. In 24 hours, UNI‘s capitalization increased from $8.8 billion on March 4 to $14.7 billion, according to CoinMarketCap’s historic snapshots.

      The price of UNI is currently consolidating near yesterdays all-time high above $34, with the token last trading hands for $33.9.

    UNI/USDT on Binance: TradingView

      Uniswaps initial token distribution saw UNI tokens airdropped proportionally to liquidity providers, in addition to 400 tokens being sent to every wallet that interacted with the DEX as of September 2020. As of this writing, 400 UNI are worth $13.560.

      UNI‘s entrance into crypto’s top 10 follows a record month for trade volume on the exchange, with February hosting four consecutive records for weekly Uniswap trade — culminating in a monthly all-time high of $31.9 billion in volume.

      However, Uniswap‘s streak of weekly volume records appears to have come to an end, with seven-day volume currently sitting at $6.4 billion — down 25% when compared to last week’s $8.6 billion. Despite the volume retracement, Uniswap still represents half of all trade on Ethereum-powered DEXes.

      UNI‘s surge also comes amid increasing speculation that Uniswap’s V3 upgrade may not be too far away, with Yearn Finance developer Andre Cronje speculating on March 4 that a recent increase in social media activity from Uniswap lead developer, Hayden Adams, could suggest the new version is coming soon:

    45.PNG

      Cronje‘s post came after Adams had created a Twitter poll asking his followers where they will be looking to read announcements regarding “Uniswap v3 details.” Replying to Cronje’s tweet, Adams posted: “pls delete,” further raising suspicions Uniswap may have a significant announcement on the horizon.

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.