Uniswap Price Soars Over 21% Amid DeFi Growth

Uniswap’s (UNI) price experienced a dramatic surge, increasing by over 21% within the past 24 hours, reaching approximately $8.27 on Tuesday, June 10th. This jump in value coincided with a significant increase in trading activity, with daily average traded volume rising to an impressive $1.16 billion at the time of writing. The sudden price rally resulted in about $3 million being liquidated from leveraged traders and $2.4 million from short positions.