UNI, the native token of Uniswap, one of the top decentralized exchanges (DEXes), is under immense selling pressure. From the daily chart of the UNIUSDT, the token is down 62% from March highs, though prices have stabilized in the past few trading weeks.
To put in the numbers, chart data shows that it is up nearly 35% from August lows, absorbing selling pressure.
UNI Is Down But Uniswap Generates $50 Million In Revenue So Far
Though UNI is far off from all-time highs, shaving nearly 85% from 2021 peaks, other exciting developments might help prices in the long term. Token Terminal data on August 25 shows that the DEX has generated $50 million in revenue so far.
Uniswap allows traders to
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