$UNI UNI token is the original token of the Uniswap platform, a decentralized exchange (DEX) operating on the Ethereum network. UNI is used as a governance token, allowing its holders to vote on protocol development decisions and updates.
The token has experienced significant fluctuations recently, with its price dropping by 6% earlier this month due to institutional sales of around $82 million in UNI. It was also negatively impacted by a lawsuit filed by Bprotocol, the developer of Bancor, against Uniswap Labs, accusing it of using patented technologies without permission.
Despite these challenges, Uniswap remains one of the largest DeFi exchanges in terms of trading volume, having surpassed $3 trillion in total trading volume so far. Some analysts expect the price of UNI to rise to $10 if Uniswap continues to strengthen its market position.
If you are interested in purchasing UNI, you can do so through centralized exchanges like Binance or Coinbase, or directly via the official Uniswap app.$UNI
