Uniswap Revenue Flies To All-Time Highs: Is UNI Undervalued?

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Uniswap Revenue Flies To All-Time Highs: Is UNI Undervalued? - NewsBTC

Quick Summary:

As of August 26, Uniswap is available on over ten platforms, but the protocol manages over $3.8 billion on Ethereum. Cumulatively, DeFiLlama data has generated over $2.3 billion in fees.

UNI, the native token of Uniswap, one of the top decentralized exchanges (DEXes), is under immense selling pressure. From the daily chart of the UNIUSDT, the token is down 62% from March highs, though prices have stabilized in the past few trading weeks.

UNI Is Down But Uniswap Generates $50 Million In Revenue So Far Though UNI is far off from all-time highs, shaving nearly 85% from 2021 peaks, other exciting developments might help prices in the long term.