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NewsBTC 2022-10-04 09:41:28

Uniswap (UNI) Outperforms Top Coins With Over 10% Gains In A Week

Uniswap is an Ethereum-based automated liquidity protocol. Its operations ensure constant security, decentralization, and censorship resistance in the crypto industry, removing the need for intermediaries. The protocol is committed to managing a liquidity pool by each smart contract or pair of smart contracts. This liquidity is made up of two ERC-20 tokens reserves. The consistency of its system of operation seems to yield positive results, particularly in terms of its token. Related Reading: Exchanges Close Q3 With Massive Bitcoin Outflows, Why A Rally Is On The Horizon The decentralized exchange Uniswap has been quite popular in the crypto ecosystem recently. According to recent tweets from Ryan Watkins, the protocol’s latest version (V3) has realized up to $6.5 billion. He added that this current version is presently drawing closer to its V2. Ryan Watkins is a researcher at Messari. UNI Up By Double-Digit Percentage While the broader crypto market struggles to recover from its red zone, UNI seems to be rising in its price. According to a 24-hour market watch, the token has witnessed a 7.22% gain. Its current price is about $6.73. This growth has placed it among the top 10 digital currencies in the crypto space. Crypto Dream published a UNI chart, citing that although the market looks threatening, it’s on a bullish move. Crypto Dream is a Twitter account that offers technical analysis on digital currencies. The U...
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