UNI, the local cryptocurrency of the decentralized finance (DeFi) giant Uniswap, has been showing a remarkable performance in recent days.
Token of Uniswap, an Ethereum (ETH)-based decentralized cryptocurrency exchange in a 24 hour period experienced a great increase. With this rise, UNI price, 16% from $5.45 with rise for $6.34 reached.
the rise of UNI Then the reason for the increase began to be wondered.
Why is UNI rising?
The exact reason for the rise remains unknown. However, decentralized autonomous organization (DAO) Offered by StableLab and DAO from his treasure 10 million It is thought that it may have something to do with a bid to take over UNI.
On the other hand, within the scope of the agreement made with the USA recently, Binance CEO Changpeng Zhao The rise of resignations may be relevant It is estimated. Binance’s admission of many accusations due to the agreement it made with the USA led to outflows exceeding billion dollars from the stock market.
In line with these outflows, most of the money is in the biggest DEX to Uniswap entered and naturally there was an increase in volumes.
According to CoinGecko data UNI, while writing from $6.32 is being traded.