UNI rose 50% in a week and became the first DeFi token in the top 10 cryptocurrencies
Uniswap's management token became the first DeFi token to make it into the top 10 crypto assets by capitalization, Cointelegraph reports.
Defi-leading exchange Uniswap's own token rose nearly 50 percent, making UNI the eighth largest crypto-asset with a market capitalization of $17.7 billion, as speculation grows over the upcoming overhaul of the V3 exchange.
Messari currently rates UNI as the second largest Ethereum-based asset by market capitalization after Tether, ahead of Chainlink by nearly 50% of its capitalization.
UNI broke into the top 10 on March 5, becoming the first proprietary DeFi DApp token to receive the honor. In 24 hours, UNI's capitalization increased from $8.8 billion on March 4 to $14.7 billion.
UNI is priced at $34.32 as of this writing.
