Uniswap makes major announcement, UNI price surges 6%
Uniswap has officially announced the addition of support for NFT trading. according to AnnouncementUsers will be able to trade NFTs between all major markets. Sites where Uniswap listings are appearing include OpenSea, X2 Y2, SudoSwap and LooksRare.
The price of UNI, the native token of a major decentralized exchange, reacted with a modest but nevertheless upward move. In addition to a 4.5% increase during the day, the official announcement of the event boosted UNI’s price by 6.5% at one point.
In addition to the launch, Uniswap will give $5 million in USDC to Early Genie aggregator users. In addition, gas fees will be refunded to the first 22,000 NFT customers on Uniswap.
The official launch of NFT trading on Uniswap comes at a time when the DeFi segment is booming. In terms of Ethereum (ETH) trading volume, Uniswap ranks second behind Binance and often outperforms Coinbase. More recently, the decentralized marketplace almost beat the black-and-yellow giant, when the gap in daily volume was only $110 million.
Uniswap (UNI) Price Action
UNI is currently trading at $5.8 per coin. UNI’s current price is down 87% from its all-time high, which was reached in May 2021 at $45. It has a market capitalization of $4.37 billion, making it the 17th largest cryptocurrency, according to CoinMarketCap.
