Farcaster

Uniswap's UNI Token Soars 28% as Altcoins Outperform Following U.S. Presidential Election.
The largest gainer by a wide margin was Uniswap's (UNI), which was higher by 28% over the past 24 hours. Open interest (OI) for the token has soared by 20% in over the past day, according to Coinglass data and over 18 million UNI tokens ($169 million) are now in OI contracts, the highest amount since April 2024. OI in the past 24 hours alone has seen an increase of over 3 million UNI tokens worth over $60 million. The last time UNI saw such an aggressive increase in OI was back in April as prices were quickly falling.