Global #Uniswap

In the last day of trading, the Decentralized Finance (DeFi) token Uniswap [UNI] saw a 7.2% increase in value as the cryptocurrency market started to see upward volatility related to the halving of Bitcoin [BTC].

Following an 8% increase in the value of cryptocurrencies, Uniswap (UNI), a significant participant in the decentralized finance (DeFi) space, is currently in the news. Ali Martinez, a well-known cryptocurrency analyst, explained how the spike on Uniswap's daily chart suggests a buy signal flashing.

Massive cryptocurrency speculators, also referred to as "crypto whales," have been buying and selling millions of dollars' worth of Ethereum (ETH), Uniswap (UNI), and Space ID (ID) on prominent exchanges.

The cryptocurrency community is coming together in support of Uniswap, a prominent decentralized exchange (DEX), following the issuance of a Wells notice by the US Securities and Exchange Commission (SEC).

Uniswap accounted for 64.3% of the trading volume, the majority of which was concentrated on the platform. In less than a day, trade volume on decentralized exchanges (DEX) on Coinbase's Ethereum layer-2 network, Base, significantly increased, smashing previous records and crossing the $1 billion mark.

According to blockchain analytics platform Kaiko, Binance's market dominance decreased primarily as a result of its choice to stop zero-fee trading for some trading pairs rather than the Commodity Futures Trading Commission's lawsuit.