UNI Short-Term Breaks $4.5, Surges Over 24% in 24 Hours

BlockBeats News, February 11th, according to HTX market data, UNI briefly broke through $4.5, now trading at $4.18, up over 24% in 24 hours.

Earlier reports, Uniswap Labs partnered with Securitize to provide liquidity support for BUIDL, a project under Belldex. After Belldex announced deploying BUIDL on the DeFi platform Uniswap, they stated they would purchase Uniswap's UNI token but did not publicly disclose the specific purchase amount.

Correction/Report

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Trading Volume in January Surges 10X, Who Is Driving UNI's Soaring Price?

UNI price has recently surged, mainly driven by the significant increase in Uniswap trading volume and fee revenue on the Robinhood Chain, as well as the continuous burning of UNI through the protocol fee switch, enhancing the deflationary expectations for the token.

Uniswap Foundation is raising $40 million by selling tokens, will UNI holders be forced to foot the bill again?

Relying on selling tokens to raise funds for the foundation in the absence of long-term empowerment of UNI tokens undoubtedly shifts the ecological operation costs to long-term holders of UNI tokens.

On-Chain Activity