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  • The launch of the UniSwap token and the airdrop of UNI to all traders that interacted with the protocol before September has had a positive impact in terms of total value locked (TVL) on the platform. According to DeFiPulse.com, Uniswap is now the leading DeFi protocol in terms of TVL and has managed to edge out several heavyweights in the process. The team at DeFiPulse.com noted that via the following tweet: “UniSwap protocol has come stampeding up the leaderboard and is back at #1 Total Value Locked in DeFi.:

    Taking a precise look at the rankings at DeFiPulse.com shows that the total value locked in Uniswap now stands at $1.94 Billion. Moreover, Uniswap has edged out the DeFi protocols of Aave, Curve Finance, Maker and Yearn Finance. Below is a screenshot of the current rankings.

    In terms of market value, the UniSwap (UNI) token has done well in the sense that it has more than doubled its value since being listed on exchanges. UNI opened trading at an average value of $2.50. The token is now valued at $5.67 after hitting an all-time high value of $8.39 on the 18th of September and less than two days after its official launch.

    At the time of writing, Uniswap (UNI) is available for trading on Binance, Coinbase Pro, Huobi, OKEx, Gate.io, KuCoin, ZebPay, Binance US, DigiFinex, BitZ, BigONE, Bitrue, FTX, Wazir X, BitfinexPoloniex, Uniswap and more.

    Although it is a very new token, there is not much historical data to provide a long term comprehensive market analysis. However, the lower time frames of 15 and 30 minutes could give information that would be more valuable to scalpers.

    It’s also worth mentioning that crypto-twitter is for the opinion that the top is in based on the fact that a few crypto personalities have started calling for a $50 UNI.

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