{"id":253364,"date":"2024-02-24T10:07:25","date_gmt":"2024-02-24T04:37:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/uniswaps-70-rally-helps-defi-steal-spotlight-from-ai-tokens-crypto-news\/"},"modified":"2024-02-24T10:07:31","modified_gmt":"2024-02-24T04:37:31","slug":"uniswaps-70-rally-helps-defi-steal-spotlight-from-ai-tokens-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswaps-70-rally-helps-defi-steal-spotlight-from-ai-tokens-crypto-news\/","title":{"rendered":"Uniswap\u2019s 70% Rally Helps DeFi Steal Spotlight from AI Tokens &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Uniswap\u2019s native token UNI witnessed a strong rally on Friday, February 23. The major catalyst behind the 70% Uniswap price rally is the decentralized exchange changing the fee mechanism to benefit those staking the UNI tokens.<\/p>\n<p>The proposal advocates for the introduction of a fee-sharing system that incentivizes <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/uniswap-uni-surges-over-50-on-staking-rewards-proposal\/?utm_source=sidebartabnews\">UNI holders<\/a> to stake and delegate their tokens, thereby enhancing involvement and activity within the governance ecosystem.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h3>Uniswap Price Rally Ignites DeFi Mania<\/h3>\n<p>On-chain data provider Santiment highlights a shift in focus from the AI craze to the burgeoning decentralized finance (DeFi) sector.<\/p>\n<p>According to Santiment, assets facilitating decentralized lending, borrowing, and exchange of cryptocurrencies, such as $UNI, $COMP, $SUSHI, and $AAVE, have experienced notable increases in value. This surge in value follows a pivotal proposal within the Uniswap ecosystem, which aims to reward staked and delegated token holders.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The rising prominence of DeFi protocols underscores a growing interest among investors in decentralized financial solutions, diverting attention from the previously hyped AI sector.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_182278\" aria-describedby=\"caption-attachment-182278\" style=\"width: 2616px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182278\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi.jpeg\" alt=\"\" width=\"2616\" height=\"1718\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi.jpeg 2616w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-300x197.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-1224x804.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-768x504.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-1536x1009.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-2048x1345.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Uniswap-UNI-and-DeFi-150x99.jpeg 150w\" sizes=\"auto, (max-width: 2616px) 100vw, 2616px\"\/><\/noscript><figcaption id=\"caption-attachment-182278\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1761124824263655655\">Santiment<\/a><\/figcaption><\/figure>\n<p>The trading volumes across other DeFi protocols have also shot up significantly. For e.g. the COMP price is up with trading volumes shooting up 411% to more than $175 million. Similarly, the SushiSwap (SUSHI) price has surged by 27% while the trading volumes have shot up by a staggering 153%.<\/p>\n<p>Some crypto market analysts also believe that other DeFi protocols like Blur and Lido Finance could go down the way with the Uniswap fee share proposal.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24UNI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$UNI<\/a> Fee Share proposal will be an interesting one to follow. If it succeeds without too much regulatory issues, it might see other tokens follow.<\/p>\n<p>First ones coming to mind would be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BLUR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BLUR<\/a> &#038; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LDO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LDO<\/a>.<br \/>Massive revenues, no fee shares yet.<\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DaanCrypto\/status\/1761114525074378981?ref_src=twsrc%5Etfw\">February 23, 2024<\/a><\/p>\n<\/blockquote>\n<h3>AI Coins Take A Dive<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Recent market trends reveal a significant surge in decentralized finance (DeFi) assets, accompanied by a corresponding decline in the value of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ai-tokens-rally-after-nvidia-earnings-correction-ahead\/\">AI coins<\/a>, signaling a notable capital rotation within the cryptocurrency market.<\/p>\n<p>Analysts observe a clear shift in investor sentiment as DeFi protocols experience heightened interest, leading to increased investment flows. Conversely, assets associated with artificial intelligence (AI) are witnessing a downturn in value, indicative of a redistribution of capital among investors. some of the top AI coins like Worldcoin (WLD), Render (RNDR), the Graph (GRT), are trading in the red as of press time.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/uniswaps-70-rally-helps-defi-steal-spotlight-from-ai-tokens\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/uniswaps-70-rally-helps-defi-steal-spotlight-from-ai-tokens\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA182277\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. 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In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD182277\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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The major catalyst behind the 70% Uniswap price rally is the decentralized exchange changing the fee mechanism to benefit those staking the UNI tokens. The proposal advocates for the introduction of a fee-sharing system that incentivizes UNI holders to stake and delegate their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":253365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-253364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/253364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=253364"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/253364\/revisions"}],"predecessor-version":[{"id":253366,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/253364\/revisions\/253366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/253365"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=253364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=253364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=253364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}