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Uniswap and Zcash Surge Past Bitcoin as Trading Frenzy Intensifies

Guavy AI Editorial Team
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Uniswap and Zcash are outperforming Bitcoin and other major altcoins in early trading on Wednesday.

UNI rose by 18.1% in 24 hours, while ZEC gained 8.4%, making them the top two performers among the top altcoins by market cap.

The growth of Robinhood Chain is driving more trading and fees on Uniswap, which has seen its total value locked (TVL) rebound to $3.9 billion from around $3 billion in August.

On the other hand, Zcash's latest leg up was prompted by 21Shares' launch of a Zcash exchange-traded product in Europe, which is physically backed by ZEC and has a fee of 2.50%.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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