Uniswap yesterday announced its plans for rebranding the three different functions it served by giving its appearance a unique identity. And whilst it sounds great, it doesn’t seem to have done much for the protocol or its token. UNI has been in a rut for quite a while and now it looks like it is about to lose its position.
The Ethereum DeFi protocol’s token has seen significant growth this year. Building on the same growth brought the token among the top 15 cryptocurrencies. Albeit being #15, its presence on the list left a mark in the crypto space for its competitive tokens to watch out for.
But it seems like UNI is about to be expelled from that very list because of the lack of movement observed over the last few weeks.
While the rally of
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