UNI Just Hit a 6-Month High as Uniswap Rolls Out New Token Discovery Tab

Uniswap's native token, UNI, has surged to a level not seen in six months. UNI rose 13% over the past 24 hours and reached $4.54 – a level not seen since January this year. The latest rally has lifted the asset’s gains over the past month to 60%. The move came as Uniswap announced Launches in beta, a new tab on its Web App for discovering top token offerings. For now, Robinhood Chain is the first network featured in the new tab, but more networks are expected to be included. New Tab Debuts Uniswap said launchpad builders such as Bankr, Pons, Long, and others are using the platform as their trading infrastructure. The company added that Launches will give these projects more distribution. The feature currently includes token releases on Robinhood Chain, with more to come. According to the platform’s stats, more than 340,000 new tokens launched into Uniswap across Robinhood launchpads in July alone. These collectively generated $3.6 billion in trading volume. The new Launches tab pulls tokens from top launchpads into a single feed. Users can filter these or sort by 24-hour volume, liquidity, recently debuted, or trending. The burn was another notable development for UNI this week, as...