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Uniswap Token Enters Top 10 Assets by Market Capitalization

The token of the decentralized exchange Uniswap, UNI has grown nearly 50% this week to become the eighth largest crypto asset by market capitalization.

March 8, 2021 | AtoZ Markets Over the past day, the UNI token of the Uniswap decentralized exchange has risen in price by 11.9%. The coin took the eighth place in terms of capitalization among the assets of the cryptocurrency market, bypassing Litecoin and Chainlink.

At the time of writing, the asset is valued at $17.2 billion. In seven days, its price has risen by 55.2%. The token is trading at $33.15, according to CoinMarketCap data.

According to the statistics shared by Messari, UNI ranks Tether as the second largest Ethereum-based asset by market cap. Approximately 50% ahead of Chainlink in terms of market value.

Read also: Most Successful DeFi Coins of 2021

In September 2020, the exchange token entered the top 50 assets by market capitalization. In December, the trading volume on Uniswap exceeded $50 billion , and in February the indicator exceeded the $100 billion mark .

As a reminder, PancakeSwap’s DeFi platform has surpassed Uniswap in terms of the value of blocked funds.

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