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Posted: December 18, 2024
- Uniswap reserves on derivative exchanges have reached a record high of 69M tokens.
- UNI ($5.19)’s Open Interest to market cap ratio also shows that the market leverage is increasing.
Uniswap [UNI], at press time, traded at $16.45 after a 3% gain in 24 hours. UNI has been among the top performers this month, having gained by more than 78% in the last 30 days.
Uniswap’s uptrend has coincided with a recovery across the decentralized finance (DeFi) space.
Data from DeFiLlama showed that the Total Value Locked (TVL) across the DeFi industry r...
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