The cryptocurrency market saw a huge FOMO yesterday 17 September 2020 on a response to the launch of the UNI token on Uniswap. Uniswap launched the much anticipated token with a huge and free airdrop for people who used the Uniswap platform. Binance and Coinbase immediately listed the Uniswap token after it aws launched and the market saw a huge increase in price rising more than 10x. Each user received an estimated amount of 400 UNI which is equivalent to $1200-$1300 depending on price fluctuations. This is more than the stimulus amount which was set as response to economy rescue in the US.
Cryptocurrency traders have been buying the UNI token massily which saw the price rise from $0 to $5 in the time of publication after the launch of the protocol. This is more than 1000%.Uniswap is a decentralised exchange with massive liquidity and high trading volumes probably higher than that of Binance and Coinbase which are some of the leading centralised exchanges in terms of volume.