Uniswap Soars Amidst Global Cryptocurrency Shifts

Crypto market activity continued despite the U.S. markets being closed. Uniswap, a decentralized exchange platform, saw its UNI token price surge 5% in the past 24 hours, climbing from $6.00 to $6.65, driven by high trading volumes and increased institutional interest. The CoinDesk 20 index experienced a 1.8% decline during this period, highlighting Uniswap’s performance relative to broader market trends. This upward movement comes alongside Uniswap hitting its highest monthly trading volume since February. The increase was attributed to growing institutional engagement and the return of significant investors who are playing an important role in market dynamics.