Uniswap Shatters $250 Billion L2 Volume Records - Speculating UNI Token Prices

Decentralized Exchange Uniswap has achieved a new all-time high, recording $250 billion in trading volume on its Layer-2 (L2) platforms. Despite the record-breaking volume on chains like Arbitrum, Polygon, Optimism, and Base, the price of Uniswap's native token, UNI, remains low, trading at $7.08, down from highs of over $13 earlier this year. This downturn follows significant selling by large holders, especially after a recent regulatory challenge by the U.S. Securities and Exchange Commission (SEC). The SEC has issued a Wells Notice to Uniswap, signaling potential legal action, despite the protocol's decentralized nature and lack of direct involvement in traditional securities markets. As the industry awaits the outcome of this legal challenge, Uniswap's role in demonstrating the viability of decentralized financial systems remains significant.