Uniswap is delivering the most spectacular comeback of the year.
$UNI has just climbed to around $7 on 8/9, up nearly 39% in just one week and 78% over the past month.
The main driver is the new transaction-fee mechanism that triggers token burning; Hayden Adams estimates the current burn rate is equivalent to nearly $263 million per year.
Robinhood Chain is also pumping huge volumes into Uniswap—on some days, trading on this exchange exceeds $1.3 billion.
From the bottom around $2.3–$3 in June–July, then surging into the $6–$7 zone—it's truly an impressive 2x–3x move.
$UNI has just climbed to around $7 on 8/9, up nearly 39% in just one week and 78% over the past month.
The main driver is the new transaction-fee mechanism that triggers token burning; Hayden Adams estimates the current burn rate is equivalent to nearly $263 million per year.
Robinhood Chain is also pumping huge volumes into Uniswap—on some days, trading on this exchange exceeds $1.3 billion.
From the bottom around $2.3–$3 in June–July, then surging into the $6–$7 zone—it's truly an impressive 2x–3x move.
