The launch of Unichain, Uniswap’s long-awaited layer-2 network, has seen the price of the decentralized exchange’s governance token UNI rise by around 4.5% to around $9.7 and led to a significant increase in social activity and sentiment.

UNI’s price benefitted from the launch of Unichain but failed to break through the $10 mark. It still outperformed bitcoin (BTC) in the short period since the launch of the layer-2 network, as the cryptocurrency is down around 0.3% in the past 24 hours.

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Author: Francisco Rodrigues

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