Uniswap ($UNI) Surges 45% As Trading Fees Surpass Ethereum - BitcoinEthereumNews.com
EthereumUniswap ($UNI) Surges 45% As Trading Fees Surpass Ethereum06 / 25 / 2022बिटकॉइन एथेरियम समाचार Uniswap saw its native token UNI log massive gains this week as the DeFi exchange saw its volumes rival those of Ethereum, the blockchain it is built on. UNI jumped nearly 45% through the last seven days to $5.46, touching its highest level in over three weeks. The token has now The largest DeFi exchange by daily volumes saw fees paid by traders to the exchange jump by about 25% through the week to peak at $5 million a day, data from CryptoFees.info shows. The figure briefly surpassed daily fees paid on Ethereum, which ranged between $4 million to $6 million. Uniswap demand signals DeFi market recovery? Rising fees on the largest DeFi exchange could indicate that the DeFi space is seeing some recovery, after a crippling first six months this year. Total value locked (TVL) into DeFi has slumped over 66% this year, according to data from डेफी लामा. Uniswap however, has lost less than 50% of its TVL this year. The exchange has also seen some inflows this week, with its TVL rising 11% to $5.1 billion. Growing interest in the exchange may stem from increased engagement with Ethereum Layer