Uniswap (UNI) is a decentralized exchange (DEX) protocol on Ethereum that enables the trading of ERC-20 tokens. It operates as an automated market maker (AMM), facilitating liquidity provision and token swaps.
The Uniswap (UNI) token experienced a significant price increase, outpacing the general cryptocurrency market which is closely monitoring the Federal Reserve's upcoming interest rate decision under Chairman Kevin Warsh.
Bitcoin surged past $70,000 following Japan's interest rate adjustment, signaling broader market optimism. Stellar (XLM), Injective (INJ), and Uniswap (UNI) posted significant gains, showcasing altcoin strength.
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