5 months ago
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Leading decentralized exchange Uniswap (UNI) stirred the cryptocurrency community with a new privacy-focused announcement.
The “get ready for something super” statement highlights upcoming significant shifts in the protocol, targeting innovative financial offerings.
Uniswap has cemented its presence in the markets despite stiff competition. Meanwhile, the latest announcement follows debates about the DEX’s transaction charges and a potential airdrop.
Notably, such announcements have substantially affected Uniswap and the governance coin UNI.
Moreover, the message comes after the governing body, Uniswap Foundation, delayed the planned voting on delegation and staking rewards (scheduled for 31 May 2024).
The proposal looked to compensate Uniswap’s loyal delegates and stakers to bolster participation.
A previous message from the Uniswap Foundation urged holders to delegate UNI on the blockchain before the planned May 31 voting.
Stakeholder concerns triggered the postponement, underscoring the need for more consideration and scrutinization.
The delay announcement saw UNI declining to $9.40 from $11.40 last Friday.
UNI’s current price action
The latest announcement saw crypto players shifting focus to the native token. UNI has presented a remarkable performance in 2024.
The asset gained from $6 to above $15 between February and March before plummeting to $6.5 as the broad market weakened.
UNI changed hands at $10.38 at press time, up 10% on its 24-hour price chart. Its market cap is $6.23 billion, whereas the daily trading volume increased by 55% to $291.009 million.
UNI 1D Chart on CoinmarketcapThe recent announcement from the team likely propelled Uniswap’s trading volume within the previous day.
After April struggles, UNI gained 40% in May, and a 110% surge over the past year presents UNI as among the top altcoins in the marketplace.
Meanwhile, history shows UNI has flourished following influential notices. Thus, the latest news might trigger notable price movements for the alt.
It remains crucial to witness UNI’s upcoming performance in light of the ongoing ecosystem developments.
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