Base helps Uniswap cross major landmark – But why is UNI declining?

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Base helps Uniswap cross major landmark – But why is UNI declining?
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Base, the layer-2 blockchain has helped Uniswap [UNI] achieve a milestone for the second time in a row. According to Token Terminal,

achieve a milestone for the second time in a row. According to Token Terminal, the growth in the number of monthly active users on the protocol could be attributed to Base.

Since Uniswap is the top DEX on Ethereum, it means that participation with BRETT and some other “Based” tokens influenced the hike. Despite the landmark, Uniswap’s Total Value Locked has decreased by 11.68%. TVL measures the total value of assets locked or staked in a protocol.

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