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Uniswap Foundation has performed a transfer of about 40.66 million dollars, which is about 9.8 million UNI, in the last week. The foundation sees this operation as a strategic move to diversify its assets on the crypto exchange.
A significant part of this transfer was to the OKX and FalconX exchanges according to Lookonchain data. According to the data, 3.4 Million UNI was transferred to the OKX and FalconX exchanges and its value is approximately 14.1 million dollars. Also, there are transfers to the Kraken exchange (approximately 3 Million UNI). The approximate value of this coins is around 12.45 million dollars.
Uniswap Foundation has transferred out a total of 9.8M $UNI($40.66M) in the past 6 days.
3.4M $UNI($14.1M) was deposited to #OKX;
3M $UNI ($12.45M) was deposited to #Kraken;
3.4M $UNI ($14.1M) was transferred to #FalconX.https://t.co/uHuPHgJui0 pic.twitter.com/eZEfPGUFkH
— Lookonchain (@lookonchain) October 29, 2023
These strategic transfers serve to optimize the assets of the Uniswap foundation and increase the liquidity present on centralized exchanges.
Moreover, the diversification of the foundation’s assets on these platforms underscores the foundation’s emphasis on promoting a robust and dynamic crypto ecosystem.
What is Uniswap (UNI) Foundation?
Uniswap (UNI) is one of the projects with the largest transaction volume among Defi platforms. Also, Uniswap is a protocol that aims to improve services on the Ethereum network.
Furthermore, the protocol uses automated market makers (AMM) and liquidity pools to facilitate peer-to-peer trading. Launched to the market in November 2018, Uniswap continues to evolve with its V3 update in March 2021 and has developed its own native token, UNI, in September 2020. Additionally, the project aims to increase the efficiency of token trading compared to traditional exchanges, as well as to provide a fully open platform for all token holders where transactions take place automatically.
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