Uniswap (UNI) trading volume has increased by 150% within the last 24 hours, surpassing $400 million for the first time in almost 10 days. This development happened after the South Korean exchange Upbit listed new trading pairs for the altcoin.

In addition to the volume, UNI’s price also reacted to the development and rose above $8. Here is how it all happened and what could be next for the token.

Uniswap Sees Massive Growth in Volume and Network Activity

Upbit had previously listed Uniswap (UNI) with only a Bitcoin (BTC) trading pair on the spot market. However, earlier today, the exchange revealed that UNI has been added with additional trading pairs, including the Korean Won (KRW) and the USDT stablecoin.

Before this announcement, Uniswap’s trading volume was under $200 million, and its price hovered around $7.40. After the news broke, the price surged to $8.33, and the trading volume skyrocketed to $470 million.

This sharp rise highlights the growing interest in UNI from the Asian market, though it might not be entirely unexpected. Similar Upbit listings have triggered comparable reactions in the past. For example, MEW hit a new high after its listing, while Injective (INJ) climbed 10% following its own Upbit listing just last week.

Read more: How to Buy Uniswap (UNI) and Everything You Need To Know

Along with the surge in volume, the number of active addresses on the Uniswap protocol also climbed. Active addresses measure the number of users completing successful transactions on the blockchain. An inc

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Author: Victor Olanrewaju