The Uniswap Exchange and its UNI governance token have caught the attention of many DeFi-loving investors in the last few hours. Finally comes the launch of the third layer or the third version of the protocol.
An intense and significant rise that puts Uniswap ahead of Litecoin in Market Cap and on the heels of the XRP Army.
This increase is explained by the recent publication of Coinbase about its intentions to go public. This has caused a migration towards the DeFi sector and from capitals blocked in altcoins to capitals blocked in the form of tokens within DEX or private wallets.
Together with Sushiswap, it is consolidated as one of the most important AMM markets in the DeFi world and the main one within the Ethereum network. It would be interesting to see how Ethereum is reducing its gas rates and when we get to July this growth from Uniswap is likely to be small compared to what awaits us.
There are many people who may be wondering if it is still a good time to buy the UNI token. It can go much higher if everything goes according to plan and we look to the future of the DeFi sector, although we must be very cautious, especially in bull markets.