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Uniswap is the leading decentralised exchange and this week its native token UNI has surged by 50% ranking UNI as the eighth-largest crypto asset with a $17.7 billion.

According to Cointelegraph, Messari ranks UNI as “ the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization.”

The action all happened on 5th March, when during a 24-hour period, UNI became the first DeFi DApp token to enter the Top 10, and Uniswap’s market capitalisation rose from $8.8bn to $14.7bn, according to CoinMarketCap.

The UNI token price “is currently consolidating near yesterday’s…

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