Uniswap (UNI) jumped nearly 50%, becoming the eighth largest asset with a market value of $ 17.7 billion, becoming the first DeFi token to successfully break through the top 10 rankings.
Meanwhile, based on Messari's record, UNI is listed as the second largest Ethereum asset after Tether and managed to overtake Chainlink.
Based on observations on March 4, the market value of UNI has increased from $ 8.8 billion to $ 14.7 billion in 24 hours.
The news unexpectedly showed Uniswap’s encouraging potential after recording trade volume for February hitting an all -time monthly high, $ 31.9 billion.
However, last week’s trading record was a bit disappointing with a 25% decline to $ 6.4 billion from $ 8.6 billion.
The decline still maintains Uniswap as the decentralized exchanges platform (DEX) that dominates the Ethereum network.
The surge was driven by speculation of the platform’s renewal to V3 after V2 launched in May last year.
Yearn Finance developer, Andre Cronje in the latest tweet is seen as trying to dig into the real thing related to Uniswap V3. However, Uniswap team leader Hayden Adam asked for the tweet to be deleted.
