In One Week, DeFi's UNI Token Jumps 92%, Passes $15

[Cordillerabit]

"The UNI token from Uniswap has almost doubled its price in 7 days. The decentralized exchange is also seeing higher volumes than last summer.

On Coinbase Wednesday morning, decentralized finance exchange (DeFi) Uniswap's native token uni (UNI) broke $15 per token. According to CoinGecko at press time, it is up more than 92 percent in one week and up 1.300 percent since the token debuted in September 2020.

According to research firm Messari, valued at $4.2 billion, Uniswap's UNI has the highest market cap of any DeFi token on the market.

 The token of governance was caught up in the 2020-21 bull run of bitcoin along with other DeFi tokens. The Total Value Locked (TVL) metric of DeFi Pulse at $25.1 billion, similar to assets under management (AUM), is up nearly $10 billion from Jan. 1. The DeFi Pulse Index of TokenSets, which measures a suite of DeFi token prices, is also up 136 percent on the year.

 UNI holders can vote on the direction of Uniswap version 2, such as how the Uniswap treasury will be spent, as a management token. The weekly volume of the exchange also surpassed its impressive initial run during "DeFi summer." According to info.uniswap, volume averaged some $5.6 billion during the first three weeks of January, while available liquidity on the exchange consistently sat above $3 billion.

Source: Bityard

[bigcash2011]

Now the price is over 20 bucks for uni tokens so if someone is holding onto their free airdrop uni tokens he is sitting on over 20k of free bonus with huge growth potential ahead.