.Uniswap sees massive embrace with underlying impact on price
The increasing embrace of Uniswap as the trading destination of choice for decentralized exchange users has resulted in a positive growth trend in its price action. The native currency of the trading engine, UNI, is changing hands at a spot price of $5.41 at the time of writing. While the 24-hour price change is down by 2%, the token has maintained 7% growth in the week-to-date period.
Uniswap is not just a pioneer in the DEX trading world, but it is also the biggest platform as concerns total value locked and market capitalization. The current trading volume has helped trigger resilience in its price action, and beyond the slight correction it is experiencing, it is set to extend its gains in the new term.
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