- On Thursday, Uniswap (UNI) price plunged by around 5%, falling from $3.54 to $3.24, with a market capitalization of $2.06 billion.
- The drop in Uniswap (UNI) followed the Kelp DAO hack, which hit the entire DeFi sector, as users pulled out their money.
- Despite the drop, Uniswap is continuously expanding its ecosystem through new collaborations.
On April 23, Uniswap (UNI) faced downward pressure after dropping by around 5% on the daily chart, sparking fear in the DeFi community as the protocol faces a liquidity crisis after the Kelp DAO Hack.
According to CoinMarketCap, Uniswap (UNI) price is currently hovering around $94.16 with a marginal drop of 1%. At the time of writing, the cryptocurrency holds a market capitalization of around $1.43 billion, along with a daily trading volume of around $292.37 million.
KelpDAO Hack Shakes the DeFi Sector and Damages Uniswap TVL
After the most bizarre hacking incident in the last week, where Kelp DAO was compromised...
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