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Giant Whale Accumulates $UNI as Uniswap V4 Continues to Gain Traction
A recent tweet from Wu Blockchain (@WuBlockchain) suggests a surge in the total value locked (TVL) of Uniswap V4, with the figure exceeding $47 million. This impressive milestone is accompanied by a significant increase in transaction volume, with over $185 million in cumulative transactions and 43.2% coming from Hooked Pools transactions.
The extraordinary growth of Uniswap V4 is further solidified by the accumulation of $UNI tokens by a giant whale. This massive investment serves as a testament to the platform’s potential for long-term success, as well as its potential to remain at the forefront of the decentralized finance (DeFi) sector.
It is essential to acknowledge that $UNI gives holders governance rights over the Uniswap protocol. The accumulation of this token by such a significant whale suggests that they are confident in the direction the platform will take and their desire to have a say in any future developments.
As Uniswap continues to innovate, with its recent upgrade to version 4, it seems destined for a bright future, driven largely by the increased adoption of decentralized exchanges.
Source: https://nulltx.com/giant-whale-accumulates-uni-as-uniswap-v4-continues-to-gain-traction/
