UNI (Uniswap) rose 3.98% in 24 hours.

Gate News Bot news, June 30, according to CoinMarketCap, as of the time of writing, UNI (Uniswap) is currently priced at $7.31, with a rise of 3.98% in the last 24 hours, peaking at $7.49 and dropping to a low of $6.06. The trading volume in the last 24 hours reached $375 million. The current market capitalization is approximately $4.597 billion, an increase of $176 million compared to yesterday.

Important recent news about UNI:

1️⃣ Uniswap front-end trading fee revenue exceeds 157 million USD As of June 29, the front-end trading fees (revenue) of Uniswap have reached $157.23 million. This figure reflects the ongoing rise and user activity of Uniswap as a decentralized exchange, providing strong support for the healthy development of its ecosystem.

2️⃣ New Dynamic Liquidity Pools Perform Exceptionally On June 25, the Gyroscope team launched a new dynamic concentrated liquidity pool that has continued to perform excellently in the Base chain ETH/USDC market. Since its launch, its market-making returns have significantly outperformed those of Uniswap and Aerodrome liquidity pools, providing liquidity providers with higher returns. This innovation may pose a certain challenge to Uniswap's existing market share.

3️⃣ Institutional investors' interest in UNI increases Recently, there has been a significant amount of UNI withdrawn from exchanges, including a newly created wallet that withdrew 728,162 UNI, worth approximately $5.16 million. Additionally, a large investor who previously incurred losses due to high sell-low buy operations has again withdrawn 367,463 UNI from an exchange, valued at around $2.57 million. These movements indicate that institutional investors' confidence in the long-term holding of UNI is increasing.

From a technical perspective, the UNI price is currently in an upward channel, and is expected to continue its rise in the short term. However, investors still need to closely monitor the overall market trends and potential risk factors.

This message is not an investment advice; investors should be aware of market volatility risks.