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The Uniswap exchange’s recently released governance token UNI has already become a top 3 DeFi token by market cap as of September 18, according to the data from CoinMarketCap.
The UNI token is trading at $5.24 (at the time of publishing) and has dethroned Aave (LEND) as the protocol with the most value locked in at $1.38 billion
The token is ranked 3rd among DeFi assets with a market cap of $891 million
The Uniswap team airdropped 400 UNI tokens to anyone who had used the platform before September 1, a move that was widely praised
In the two days since the September 16 launch, over 75,000 users have claimed the airdropped tokens
The launch has received praised from the community, including FTX CEO Sam Bankman-Fried, who said that Uniswap is “one of the premier
DeFi protocols, and its token is as well”
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