Uniswap (UNI) has recently achieved a major milestone of 300 million swaps, indicating a resurgence in user activity and a major comeback for the leading Decentralized Exchange (DEX) protocol. This growth is significant as it comes after a period of unfavorable market conditions and stunted growth.Data from Token Terminal shows that Uniswap’s daily user activity experienced a surge on September 30. This is a sign of renewed vitality and a positive signal for the protocol’s long-term sustainability and relevance in the Decentralized Finance (DeFi) ecosystem.The Uniswap DAO has also voted in favor of a Zero Protocol proposal to deploy on the Polygon (MATIC) Zero Knowledge Ethereum Virtual Machine (zkEVM). This initiative is aimed at creating a new version of Uniswap on the Polygon zkEVM while maintaining a cooperative relationship with the original protocol.The UNI token is currently down by 2.94% within the past 24 hours and is trading at $4.48. However, analysts are optimistic that the coin might be up for a decent ending in 2023 considering the positivity within its ecosystem.
This News Article was automatically generated by Bob the Bot (AI)
Information |
Details |
Geography |
Global |
Countries |
|
Sentiment |
positive |
Relevance Score |
8 |
People |
None |
Companies |
Decentralized Exchange (DEX), Token Terminal, Uniswap, Zero Protocol, Polygon (MATIC), Decentralized Finance (DeFi), Decentralized Autonomous Organization (DAO) |
Currencies |
Bitcoin, Ethereum, Polygon, Uniswap |
Securities |
None |