Recently, there has been a substantial level of activity in the cryptocurrency market, particularly with the Uniswap team showcasing noteworthy engagement.
A wallet associated with the decentralized finance (DeFi) protocol, Uniswap Team, transferred UNI tokens valued at $9.146 million to the Coinbase market. In 2020, a total of 9 million UNI tokens were transferred from another Uniswap Team wallet to the mentioned wallet.
Since July 4, these tokens have been gradually transferred in batches of over 1 million to the Coinbase Prime deposit. The Uniswap ecosystem actively engages with the community and has recently announced significant upgrades, including a strategic agreement with the Zora Network.
The Uniswap coin has demonstrated a price appreciation of 17.52% over the past 30 days, exhibiting earlier strong trends in May and June.
In early July, the price of UNI experienced a decline, reaching a low point of $6.763, which was the lowest it had been in two months. However, it has since made efforts to recover and establish a positive trend.
Recently, Uniswap announced an update for UniswapX. This update introduces a new auction contract that aims to improve the process of quoting information.
