Key Points
- Upbit announced the listing of Uniswap (UNI) later today.
- Following the announcement, the price of UNI spiked by over 5%.
The largest crypto exchange in South Korea, Upbit, announced that it will list Uniswap (UNI) later today. Trading begins at 16:00 KST (estimated time) on KRW and USDT markets, according to the official announcement.
Previously Upbit has already listed the UNI/BTC trading pair.
Upbit also made the announcement via their X account. Following the exchange's official announcement, the UNI price saw a significant price spike.
UNI Price Spikes Following Upbit's Announcement
At the moment of writing this article, UNI is trading at $8.17, up by almost 7% in the past 24 hours.
After Upbit's announcement, the coin's price spiked from $7.9 to $8.33, marking a surge of over 5%, ahead of a slight drop to current levels.
Now, UNI's total market cap is around $4.9 billion and the token's FDV is $8.16 billion.
During the past seven days, UNI recorded intense volatility, seeing a price drop from almost $8 on October 16, to $7.22 on October 17. The price recorded a notable surge on October 21 from $7.46 to levels close to $8.
Latest Uniswap Achievements
On October 21, Uniswap Labs announced via X that the protocol had crossed an important milestone - they surpassed $2 trillion in all-time volume on Ethereum L1, according to official data revealed from Dune:
Dune data shows that, as of October 1, 2024, the total Uniswap Protocol volume on Ethereum was $2.01 trillion. This is an important milestone for Uniswap, especially since it was achieved at almost twice the speed of the first trillion.
On October 18, the team at Uniswap Labs announced via X that World Chain went live on Uniswap Web and Wallet.
Uniswap is a decentralized trading protocol, better known for its role in facilitating automated trading of DeFi tokens and UNI is its governance token.
