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UNI Price Surges 18%, Reclaims $4 Level Amid Launches Token Discovery Hub

Guavy AI Editorial Team
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UNI
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Uniswap's UNI token has surged by over 18% this week, reclaiming the $4 level and pushing its price to around $4.46.

The rally is attributed to several factors, including the recent launch of 'Launches', a token discovery hub integrated into the Uniswap Web App that aggregates new token launches from multiple launchpads.

The feature allows users to filter new tokens by various criteria, bringing more trading activity within the Uniswap ecosystem and potentially reducing the need for external platforms.

Additionally, governance proposals have strengthened the protocol's token economics, directing part of protocol revenue toward buying and burning UNI through TokenJar smart contracts.

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