The coin market has been relentless as corrections across the market continue to eclipse price predictions for digital assets. However, some cryptocurrencies continue to outperform in terms of on-chain metrics. The market cap of the crypto space is currently around $2,418,056,319,337, down 3.3%. The 24-hour trading volume was $99,145,265,480.
De-Fi protocol Uniswap has been ahead of many mainstream cryptocurrencies. Overwhelming adoption and interest from emerging projects. Additionally, on-chain metrics have been painting impressive statistics.
The Marshal of the Uniswap De-Fi space?
According to numerous sources, Uniswap has witnessed a new record 24-hour trading volume of $4.8 billion over the past two weeks. The all-time high weekly trading volume was over $21 billion. The protocol also generates more ETH/USD trading volume than Coinbase.
Messari announced the launch of Governor Messari, a free market governance aggregator and voting platform. The Governor will join over 30 protocols and communities to support Uniswap. Users will be able to track discussions and vote on Uniswap governance proposals through a unified interface.
Uniswap will list Polygen tomorrow, a community launchpad. Projects for innovation, experimentation, and launching projects without gatekeepers, whitelists, and whales. Another listing is the Crediti token CREDI on Uniswap.
Uniswap (UNI) price
At the time of writing, UNI is trading at $16.88 while down 7.6%. The market cap is currently hovering around $7,607,215,521. The 24-hour trading volume was $230,184,085. Since the previous day, UNI prices have traded from $16.77 to $18.76.
Overall, De-Fi projects like Uniswap are doing pretty well in the market. Despite the flaws in the industry and the market. As current market trends relax, we can expect the De-Fi industry to develop rapidly. Hopefully Uniswap can stand out among more institutions.