UniSwap (UNI) continues to lead the DeFi projects list. Its capitalization now exceeds $ 2.8 billion, according to data from the DeFiPulse.com service.
The closest competitor to UniSwap is the Maker project, which costs about $ 2.18 billion. Analysts predict that UNI's capitalization will exceed $ 3 billion by the beginning of next week.
The rapid growth in the value of UniSwap was observed last month. At the end of September, the capitalization of the project was just over $ 2.1 billion, and by the end of October, it had grown to $ 2.7 billion.
Moreover, if in September the cost of UNI tokens fell several times (at a minimum it was about $400 million), then in October it steadily increased.
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The UniSwap protocol was launched on November 2, 2018. Its founder Hayden Adams recently thanked investors and announced a further increase in UNI's capitalization.
At the time of publication of this material, the UNI token was trading at around $2.57. Now the growth has slowed down against the background of a sharp strengthening of bitcoin.
Recall, BTC soared this week to a maximum since January 2018, exceeding $ 15,000 in price. Experts believe that there is an inverse correlation between the largest cryptocurrency and DeFi tokens.
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UNI holders looking for long-term coin storage will benefit from BTC's imminent drop. Moreover, the correction of bitcoin has already begun: the cryptocurrency fell in price from $ 15,800 to $ 15,300 last Friday, November 6.