UNI Surges to Six-Month High on Uniswap's Launches Feature

Uniswap's native token UNI has surged to its highest level in six months, reaching $4.54 on August 4th.

This price increase marks a 13% rise over the past 24 hours and a 60% gain over the last month.

The boost comes as Uniswap introduced Launches in beta, a new tab on its Web App for discovering top token offerings. The feature currently features token releases on Robinhood Chain, with more networks expected to be included.

Uniswap's stats show that 340,000 new tokens launched into the platform across Robinhood launchpads in July alone, generating $3.6 billion in trading volume.