Uniswap (UNI) has recently achieved a major milestone of 300 million swaps, indicating a resurgence in user activity and a major comeback for the leading Decentralized Exchange (DEX) protocol. This growth is significant as it comes after a period of unfavorable market conditions and stunted growth.Data from Token Terminal shows that Uniswap’s daily user activity experienced a surge on September 30. This is a sign of renewed vitality and a positive signal for the protocol’s long-term sustainability and relevance in the Decentralized Finance (DeFi) ecosystem.The Uniswap DAO has also voted in favor of a Zero Protocol proposal to deploy on the Polygon (MATIC) Zero Knowledge Ethereum Virtual Machine (zkEVM). This initiative is aimed at creating a new version of Uniswap on the Polygon zkEVM while maintaining a cooperative relationship with the original protocol.The UNI token is currently down by 2.94% within the past 24 hours and is trading at $4.48. However, analysts are optimistic that the coin might be up for a decent ending in 2023 considering the positivity within its ecosystem.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | Decentralized Exchange (DEX), Token Terminal, Uniswap, Zero Protocol, Polygon (MATIC), Decentralized Finance (DeFi), Decentralized Autonomous Organization (DAO) |
| Currencies | Bitcoin, Ethereum, Polygon, Uniswap |
| Securities | None |
