The Uniswap exchange’s recently released governance token UNI has already become a top 3 DeFi token by market cap as of September 18, according to the data from CoinMarketCap.

• The UNI token is trading at $5.24 (at the time of publishing) and has dethroned Aave (LEND) as the protocol with the most value locked in at $1.38 billion
• The token is ranked 3rd among DeFi assets with a market cap of $891 million
• The Uniswap team airdropped 400 UNI tokens to anyone who had used the platform before September 1, a move that was widely praised
• In the two days since the September 16 launch, over 75,000 users have claimed the airdropped tokens
• The launch has received praised from the community, including FTX CEO Sam Bankman-Fried, who said that Uniswap is "one of the premier DeFi protocols, and its token is as well"

Related Reading:

• Uniswap launches governance token
• Uniswap helps boost DeFi volume to over $11 billion