Uniswap (UNI) is currently trading with a bullish bias, as the price has been consistently forming higher highs and higher lows since the beginning of the month. The altcoin is currently valued at $4.437 and is testing the resistance level at $4.540. The strong bullish fundamentals suggest that there may be a solid upward move in the near future. Uniswap is a decentralized exchange (DEX) with its native token UNI. The DEX has gained recognition for its high trading volume, surpassing $46 million in weekly trading volume on the Coinbase incubator Base. One of the advantages of the Uniswap ecosystem is its token-burning mechanism, which is more rigorous than other Ethereum contracts. Despite this, Uniswap provides a cheaper alternative by offering gas-free swapping. Users can swap off-chain orders, and fillers can bundle multiple orders to compete for the best price and lower costs. The recently launched Uniswap V4 also brings improvements to the DEX. Additionally, a class action lawsuit against Uniswap was recently dismissed by a judge in New York.
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