The local token of the decentralized exchange Uniswap, UNI has grown nearly 50 percent this week to become the eighth largest crypto asset with a market capitalization of $ 17.7 billion.
In statistics shared by Messari, UNI ranks Tether as the second largest Ethereum-based asset by market cap. Approximately 50 percent ahead of Chainlink in terms of market value.
UNI entered the top 10 on March 5th. Thus, it became the first token belonging to a decentralized finance (DeFi) application and found itself a place in the top 10. According to CoinMarketCap data, the market cap of UNI increased from $ 8.8 billion to $ 14.7 billion within 24 hours.
The price of UNI reached its all-time high of $ 34. The news was being traded around $ 33 at the time of preparation.
As reported by Cointelegraph, 400 UNIs were sent via airdrop to those trading on decentralized exchanges. At the time of writing this article, 400 UNI was worth about $ 13,500.
The UNI cryptocurrency entered the top 10, reaching an all-time high transaction volume with $ 31.9 billion per month.