Even with stiff opposition from fresh decentralized exchanges (DEXs), Uniswap’s Unichain has achieved a remarkable feat this month—vaulting past $10 billion in trading volume. This is a plain, not-at-all-invisible token of a protocol that’s provoking activity and seeming resilience. Yet the token that serves as the native currency for this protocol, $UNI, is trading at levels that look not much different from the abysmally low trading levels of the 2022 bear market. But what if I told you that the future price action for the $UNI token could be significantly different from what we’ve seen play out over the last
The post Uniswap’s Unichain Surpasses $10B in Trading Volume as $UNI Eyes a Return to Glory appeared first on The Merkle News.
