Uniswap, one of the largest decentralized exchanges in the crypto ecosystem, witnessed an increase in its revenue between October 22 and 28. Two bullish catalysts, UNI’s revenue growth and a recently passed proposal, are the likely drivers of Uniswap’s price rally. The Uniswap community has passed the temperature check proposal to invest $12 million worth of UNI tokens in the market maker, Ekubo Protocol. In the past six days, the Uniswap Foundation deposited a total of 9.8 million UNI tokens, worth $41.8 million to cryptocurrency exchange platforms Kraken, FalconX and OKX, according to data from on-chain tracker Spot on Chain.
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