Uniswap price pumps, DeFi hits 14-month high amid Binance drama

Uniswap (UNI) is the best performing top cryptocurrency since word of Binance’s $4 billion settlement with the US Department of Justice (DOJ) first broke.

UNI, a governance token for the top decentralized exchange by trade volume, has jumped more than 22% over the past three days, from around $5.20 to $6.35. 

The move has swelled UNI’s market cap by more than $750 million to $4.8 billion, it’s highest point since August. UNI is now valued above bitcoin cash (BCH), although it’s still 86% down on its all-time high set in 2021.

Bloomberg first reported word of Binance and former CEO Changpeng Zhao’s run-in with the DOJ on Monday. Zhao stepped down as CEO the next day and…

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