Uniswap's UNI token experienced a remarkable 28% increase in value following Donald Trump's victory in the U.S. presidential election. This surge can be attributed to growing optimism for a more favorable regulatory environment for cryptocurrencies. The CoinDesk 20 Index also saw an uptick of 8.2%, while Bitcoin rose by 6%, reaching $74,600. Additionally, open interest for UNI tokens surged by 20%, with over 18 million UNI tokens involved, marking the highest levels since April 2024. Increase in funding rates for UNI, which doubled from 5% to 10%, further suggests traders expect continued price growth. Other notable altcoins, like Solana and Avalanche, also posted significant gains, showcasing overall strength in the altcoin market post-election.

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