Uniswap token gains as trading volumes jump; bitcoin, ether slip

Quick Take

  • Bitcoin was trading at $16,883, while ether was marginally down at $1,271.
  • XRP, DOT, and UNI all increased over the past day.

Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. 

Bitcoin was down 1.7% at $16,883 over the past day, while ether lost 1.3% to trade at $1,271, according to data compiled by CoinGecko.

Altcoins were rising, with Ripple's XRP up 7.4% over the past day and Polkadot's DOT adding 2.2%.

Decentralized exchange (DEX) Uniswap's UNI token — built on the Ethereum network — gained 4.1%.

Trading volume on Uniswap of $51 billion for November so far has already eclipsed October's $29 billion. It's on track to beat its highest level since May, when it clocked in at $61 billion, according to The Block's data volume on the DEX.


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