Uniswap Token Price Surges 24.8% Amid Circle's Arc Blockchain Launch
Uniswap's token price has surged by 24.8% in the last 24 hours, making it one of the day's top gainers among cryptocurrencies. The current price is $8.78 per UNI token, with a fluctuation between $7.03 and $9.39 throughout the day.
In comparison to other time frames, the token has dropped by 1.3% in an hour but has risen significantly over the past week and month. Over seven days, it's up 44.4%, while a 30-day gain is at 154.4%. However, on a one-year period, UNI remains down 9.4%.
The recent price increase comes after Circle launched its Arc blockchain with major validators such as BlackRock and Visa, which has been covered in the news. The move also follows the asset's positive performance throughout this week, extending the short-term gains for Uniswap.