Uniswap (UNI), the native token of the eponymous automated market maker, has grow to be the primary decentralized finance (DeFi) token to interrupt into the CoinMarketCap high 10. The cryptocurrency is up over 52 % in lower than per week.
UNI is but to achieve a brand new excessive
Nonetheless, UNI is but to achieve a brand new all-time excessive after touching its present peak of $33 on February 21.
Uniswap is at present the most important decentralized alternate, with its Binance Sensible Chain-powered archrival Pancake Swap being in a detailed second place, in response to CoinGecko knowledge.
The forthcoming launch of Uniswap v3 is anticipated to extend its momentum, however little to no details about the brand new alternate is accessible as of now. It’s extensively anticipated to deal with Ethereum‘s exorbitant charges with a Layer 2 scaling answer.