Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

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Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour.

What does this mean for Ethereum, and what does it say about the demand for Uniswap’s new…

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