**News Flash: Uniswap's UNI Token Soars Amid Unichain Launch**

Uniswap's governance token, UNI, surged 15% on Oct. 10, outperforming the crypto market. This spike follows the launch of Unichain, Uniswap's new layer-2 network designed for faster, cheaper transactions and enhanced blockchain interoperability.

Key Highlights:

- UNI's price jumped 25% over the past week and 23% in the last 30 days.

- Trading volume skyrocketed 418% to $583.2 million.

- UNI now ranks 20th on CoinMarketCap with a $5 billion market cap.

Unichain, built on Optimism’s Superchain, aims to offer 1-second block times, eventually reducing to 250 milliseconds. The network will integrate liquidity from other L2 networks like Coinbase's Base and Synthetix’s SNAXchain.

Market data shows a significant rise in Uniswap’s activity, with daily transactions up 1,582% and active addresses increasing by 587%. However, the rally led to over $1.5 million in leveraged UNI positions being liquidated, mostly short positions.

Stay informed and conduct your own research before making investment decisions.