|All Time High:
|The price of #UNI today is $10.53 USD.
The lowest UNI price for this period was $0, the highest was $10.53, and the exact current price of one UNI crypto coin is $10.52734.
The all-time high UNI coin price was $45.01.
Use our custom price calculator to see the hypothetical price of UNI with market cap of BTC or other crypto coins.
|The code for Uniswap is #UNI.
Uniswap is 3.4 years old.
|The current market capitalization for Uniswap is $5,194,396,826.
Uniswap is ranked #25 out of all coins, by market cap (and other factors).
|There is a very large volume of trading today on #UNI.
Today's 24-hour trading volume across all exchanges for Uniswap is $636,951,643.
|The circulating supply of UNI is 493,419,541 coins, which is 49% of the maximum coin supply.
|UNI is well integrated with many pairings with other cryptocurrencies and is listed on at least 111 crypto exchanges.
View #UNI trading pairs and crypto exchanges that currently support #UNI purchase.
|Note that there are multiple coins that share the code #UNI, and you can view them on our UNI disambiguation page.
More Uniswap (#UNI) News
|Uniswap 71% Single-Day Rally Raises Eyebrows – Can DeFi Maintain M...
The cryptocurrency market witnessed a significant shift in momentum on February 23rd, as Uniswap native token, UNI, skyrocketed by an impressive 71%. This surge marks the token's highest price point since March 2022, sending shockwaves through the crypto landscape and reigniting interest in the decentralized finance (DeFi) sector.
Uniswap Proposes Fee-Sharing Feast For Stakers
The primary catalyst behind this astronomical rise appears to be a pivotal proposal unveiled by the Uniswap Foundation. This proposition advocates for the implementation of a novel fee-sharing mechanism, fundamentally altering the token's utility and incentivizing long-term participation within the Uniswap ecosystem.
Under the proposed system, UNI holders who stake their tokens will be rewarded with a portion of the fees generated by the Uniswap protocol. This not only grants them a direct financial incentive but also empowers them to choose delegates who vote on governance proposals, shaping the future direction of Uniswap.
This revolutionary approach resonates with a broader trend of resurgent interest in DeFi. According to on-chain data provider Santiment, assets associated with decentralized lending, borrowing, and cryptocurrency exchange, like $COMP, $SUSHI, and $AAVE, have all experienced notable value increases, mirroring UNI's upward trajectory.
Trade Volumes On A Roll
Further bolstering this trend, trading volumes across these protocols have also seen explosive growth. For instance, the COMP...
|Uniswap Skyrockets 80% as Bitcoin Stalls at $51K (Market Watch)
Uniswap has been the main story of the past day, as its native cryptocurrency exploded by 80% following a proposal for a major upgrade.
Meanwhile, Bitcoin's price remains stuck at around $51K as bulls and bears continue their fight for control over the market.
Bitcoin Price Stalls at $51K
Bitcoin has been unable to break above $51,000 in the past 24 hours. The good news is that the bears were unable to push below it either - and it wasn't for the lack of trying.
The price dipped to as low as $50.6K at one point, but that's when buyers stepped in and managed to push it back up to where it currently trades at $51K.
Bitcoin's dominance has declined to 48.6% in the past 24 hours - down from 49.25%. This is indicative of the fact that the altcoin market is outperforming BTC.
The cryptocurrency fear and greed index remains in 'Greed' territory, clocking in at 72, down from 76 yesterday.
Uniswap (UNI) Leads Altcoin Push
The sentiment in the altcoin market is mostly mixed, with the majority of them charting slight gains or losses over the past 24 hours.
However, Uniswap's UNI token is the obvious exception. The cryptocurrency exploded by almost 80% in the past 24 hours, driven by a proposal to change an important component of the protocol.
Namely, the Uniswap Foundation proposes that UNI holders receive a percentage of the fees generated by the DEX. This turns UNI from a mere governance token into a yield-generating one, should the proposal pass.
Source: Quantify Cr...
|Uniswap Foundation Unveils Major Upgrade Plan, UNI Price Skyrockets 52%
Uniswap (UNI), one of the industry's largest decentralized cryptocurrency exchanges (DEXs), has set the stage for a major shift in its ecosystem with a proposed upgrade that could have significant implications for UNI token holders.
The upgrade aims to bolster governance participation, enhance resilience, and reward token holders for active engagement within the Uniswap ecosystem.
Uniswap Takes Big Leap In Governance
Uniswap Foundation (UF) Lead Developer Erin Koen, while expressing his enthusiasm, has suggested that it has been the 'biggest week in Uniswap Protocol Governance' and revealed a major upgrade proposal for the system.
At the heart of the proposed upgrade lies a fee mechanism designed to reward UNI token holders who stake and delegate their tokens. As announced, by actively participating in the governance process, token holders can earn additional rewards in the form of protocol fees.
In addition to the enhanced rewards, the proposed upgrade seeks to fortify Uniswap Governance, making it “more resilient and decentralized.”
According to Koen, by increasing the number of actively involved token holders, the governance structure becomes more robust, ensuring that decisions align with the collective interests of the UNI community.
The proposed upgrade maintains governance control over core parameters such as fee-charged pools and fee magnitude. Token holders will collectively decide on these critical aspects, allowing for flexibilit...
|Uniswap (UNI) Explodes 50% Minutes After a Major Proposal
UNI surged 50% following a proposal for a fee reward mechanism for token holders.
This rise contrasts with the broader market's consolidation.
UNI - the native token of Uniswap Protocol - skyrocketed by over 50% in minutes, reaching a nearly two-year high of approximately $11.
UNI Price, Source: CoinGecko
The increase happened shortly after the Uniswap Foundation (UF) proposed the creation of a fee mechanism that rewards UNI holders who have staked and delegated their tokens.
'This proposal seeks to invigorate and strengthen Uniswap's governance system by incentivizing active, engaged, and thoughtful delegation,' the team added.
The proposal also states that if there are no major blockers, the Snapshot vote will be posted on March 1st, 2024, while the on-chain vote will be posted on March 8th.
It is worth noting that UNI's latest spike comes amid a broad market consolidation, with most leading cryptocurrencies trading sideways or recording minor losses.
Bitcoin (BTC) and Ethereum (ETH) are down 1% on a daily scale, whereas Solana (SOL) has plunged by approximately 3% for the same period (per CoinGecko's data).
The post Uniswap (UNI) Explodes 50% Minutes After a Major Proposal appeared first on CryptoPotato.
|UNI Jumps Over 12% – Here's Why Investors Flock To This Token
A few outliers continue to break through the bearish attitudes looming over the crypto horizon of late. UNI is one of those tokens, with an impressive jump of over 12% in the past 24 hours, investors have flocked to this altcoin in search of a bullish continuation.
The first quarter of this year brings a lot to the table for investors. Just this month, Uniswap reported that its deployment on Arbitrum led to the swap volume on the latter to jump by a significant amount. The news is also coupled with exciting new info on Uniswap’s latest agenda: the launch of Uniswap v4.
Arbitrum swap volume has grown more than 4x since this time last year pic.twitter.com/w4iEhKGUty
— Uniswap Labs (@Uniswap) February 16, 2024
What Is Uniswap V4?
After news that Ethereum, Uniswap’s L1, will have its Dencun upgrade in this year’s first quarter, Uniswap then announced that their latest iteration of the protocol would be launched sometime in Q3 2024.
Now that the launch of Dencun on Mainnet has been scheduled for March 2024, we're excited to provide an update to the community!
Uniswap v4's launch is tentatively set for Q3 2024.
From community-built Hooks (https://t.co/WyaGr1Ti1t), to events, to Twitter Spaces, the…
— Uniswap Foundation (@UniswapFND) February 15, 2024
In essence, Uniswap v4 is a more efficient and cost-effective brother of v3. According to Uniswap’s own website, it is a “non-custodial, non-upgradeable, and ...
|Uniswap Unveils New Security Feature: Will It Boost UNI Demand?
Uniswap Labs, the developer of Uniswap-a decentralized exchange, has introduced a new security feature called Permit2. Taking to X on January 18, the DEX developer said this update addresses the 'infinite token allowances' vulnerability that hackers can exploit. This flaw risked user funds, and the new feature is meant to resolve this concern.
Uniswap Sealing Infinite Token Allowance Risks
In crypto, especially among decentralized finance (DeFi) protocols, the 'token allowance' is permission initiated by the user granting smart contracts access to tokens. From there, assets can be moved.
With this permission, it becomes possible for users to interact with dapps, chiefly protocols that utilize user funds. Some of these dapps include, for instance, decentralized exchanges like Uniswap or lending platforms like Aave or Maker.
While useful, 'token allowance' can be exploited by hackers via 'infinite token allowance,' where hackers can infinitely access and illegally withdraw funds from wallets, draining them as a result. Once a wallet has been compromised, it can be drained without the user's knowledge since the compromised code already permits the hacker to move funds.
Aware of this risk, Uniswap Labs is introducing the open-source Permit2 as a solution. The tool, the DEX developer says, will give users more protection and, more importantly, control over digital assets.
A key feature of Permit2 is that users can set time limits on token approvals. Third parties can...
|dYdX Overtakes Uniswap in Daily Transaction Volumes
Decentralized exchange (DEX) dYdX has made headlines by surpassing Uniswap, a long-standing leader in the sector, to become the platform with the largest 24-hour trading volume.
This achievement is particularly significant following dYdX's strategic migration from the Ethereum blockchain to the Cosmos ecosystem.
dYdX Surpasses Uniswap Following Cosmos Transition
dYdX, a crypto derivatives platform, announced its decision to transition from an Ethereum-based layer-2 network to its stand-alone blockchain within the Cosmos ecosystem as part of its version 4 (v4) upgrade. This move was aimed at optimizing decentralization and trading flow.
We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! https://t.co/zQzZMIpzWO
— dYdX (@dYdX) June 22, 2022
Despite Ethereum's substantial user base and higher transaction costs, dYdX migrated to Cosmos, and recent trading data indicates a successful outcome. dYdX's v4 has achieved a 24-hour trading volume of $757 million, surpassing Uniswap v3, which recorded $608 million, per CoinMarketCap data.
Meanwhile, the DEX's v3 market on Ethereum, which is still operational, registered $567 million in the same period, securing a third-place position. Since the launch of dYdX v4, the cumulative trade volume has reached $17.8 billion.
This follows a strong performance in 2023 when the DEX's v3 market on Ethereum surpassed $1 trillion in trading volume, with several days exceeding $2 bill...
|UNI Price Prediction – Uniswap Momentum Reignites, 15% Lift-off Po...
UNI price is moving higher from the $5.65 support. Uniswap is up 5% and it seems like the bulls could aim a fresh surge toward the $8.00 zone.
UNI started a fresh increase above the $6.00 and $6.20 resistance levels. The price is trading above $6.50 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is showing bullish signs and might rally if it clears the $7.25 resistance. UNI Price Aims Higher
After forming a support base above $5.65, UNI started a fresh increase. The bulls were able to push Uniswap’s price above the $6.00 and $6.20 resistance levels, outperforming Bitcoin and Ethereum.
There was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI/USD pair. The pair even cleared the $6.75 resistance level. It is now approaching the 50% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.
UNI is now trading above $6.50 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.95 level. The next key resistance is near the $7.250 level. It is close to the 61.8% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.
Source: UNIUSD on TradingView.com
A close above the $7.25 level could open the doors for more gains in the near term. The next key resistance could be near $7.65, above...
|Uniswap Scare: CertiK's Hacked Account Spreads False Vulnerability Claim
Prominent blockchain security firm CertiK's X account (previously Twitter) was hacked on January 5th. The compromised account, with a follower count of 342,900, stole crypto from users' wallets through carefully disguised phishing links.
One of the links posted falsely asserted that a vulnerability had been identified in Uniswap's router contract. The misleading tweet urged users to visit a fake RevokeCash page, claiming it would enable them to reverse any vulnerable approvals.
The legitimate Revoke team has since verified the falsity of the message, confirming that CertiK’s X account was compromised and is sharing a link to a fake Revoke website. It further clarified that the earlier claim of Uniswap being compromised was untrue, as propagated by the phishing attempt.
The CertiK team has issued a brief statement regarding the matter, indicating that they are actively investigating the compromise. They have also advised users to avoid engaging with any posts until the security of the account is confirmed.
This isn't the first time that one of CertiK's social channels was hacked.
In fact, its official website briefly included a Discord link in November that redirected users to a deceptive server containing malware. Despite this discovery, CertiK has not made any public statements about the incident.
Phishing attacks have wreaked havoc in the digital assets space, with several wallets being drained after clicking on similar fake links through dubious X accounts.
|Uniswap (UNI) Establishes Solid Support at $7.2, Eyes $10 Milestone: Dat...
Uniswap's native token - UNI - has demonstrated a noteworthy surge of 28% over the past week alongside the rest of the crypto market.
It is currently trading above $7.71 with a market capitalization of $4.61 billion. The latest data indicated that UNI may be poised for more growth.
Industry expert Ali Martinez said that UNI has successfully turned a key supply wall at $7.23 into a solid support level.
This support is distributed across 3,500 addresses, collectively holding over 20 million UNI, which could suggest the token's potential to reach the $10 mark, given the absence of significant resistance in the immediate future.
'Uniswap has successfully turned a key supply wall at $7.23 into support, where 3,500 addresses hold over 20 million $UNI. With the absence of major resistance ahead, the stage is set for #UNI to potentially surge toward $10.'
In addition to financial gains, Uniswap has strategically expanded its reach. The decentralized trading protocol recently entered the Bitcoin ecosystem by launching on Rootstock, a sidechain connected to the prominent blockchain network.
This initiative, led by GFX Labs, the creator of the Oku trading engine, offers users advanced capabilities, enabling seamless management of positions, order placement, and analytics monitoring on the Rootstock sidechain.
Uniswap Labs has also addressed user accessibility with the recent introduction of its Android mobile wallet app. This user-friendly app, launched last month following successfu...
|Is Trader Joe (JOE) A Hidden Gem Poised to Outperform Uniswap (UNI)?
In decentralized finance (DeFi) and trading, Uniswap has long reigned as a dominant force. However, a recent analysis by Lark Davis, a Bitcoin (BTC) investor, seems to suggest Trader Joe, a decentralized exchange (DEX) on Avalanche-a highly scalable blockchain and Ethereum's competitor, could eventually emerge as a formidable competitor, even overtaking Uniswap.
Is Trader Joe Undervalued Relative To Uniswap? In a post on X on December 12, Davis noted a discrepancy in the relative valuation between JOE and UNI, which serve as governance tokens of Uniswap and Trader Joe. Specifically, the investors noted that Trader Joe's handles around $300 million daily trading volume on Avalanche alone.
On the other hand, Uniswap processes approximately $1.6 billion in daily volume across the Ethereum mainnet and Arbitrum, the largest layer-2 platform by total value locked (TVL) by Ethereum.
Davis further noted that despite this 'small' difference in trading volume, Trader Joe's has a market capitalization of only $238 million. Meanwhile, Uniswap has a market cap of $3.6 billion, according to CoinMarketCap data.
Even with relatively narrow average trading volume, the huge difference in market capitalization suggests that JOE is significantly undervalued relative to UNI. Accordingly, this gap will likely be narrowed in the future, with JOE appreciating versus UNI, possibly benefiting holders.
JOE Yields Versus UNI's Governance: Which Token Has An Edge? Davis also pointed out JOE'...
|Whale Rapidly Stacking Uniswap, UNI To $10?
An active crypto whale has been steadily accumulating UNI, the native token to Uniswap, one of the world's most active decentralized exchanges (DEXes). This development suggests that the address believes the token may edge higher in the coming trading days or weeks, extending gains after a sharp leg up on November 22 when UNI soared, breaking above key resistance levels.
Whale Loading Up More UNI, Back To $10? According to recent Lookonchain data, an Ethereum address, stevu.eth, withdrew 311,302 UNI worth $1.93 million from Binance, the world's largest crypto exchange, on November 25, pushing its total UNI holdings to 511,301 UNI, or $3.18 million.
Notably, this acquisition follows a withdrawal of 500,545 UNI ($2.42 million) from OKX on June 29, which stevu.eth deposited to Binance and OKX in August. However, the recent accumulative behavior on November 25 indicates that the whale is bullish on UNI, possibly expecting prices to float back to $10, a level last seen in August 2022.
Presently, UNI is trading within a bullish breakout formation, looking at the performance in the daily chart. Changing hands at around $6.2 when writing on November 27, the token is up approximately 60% from October lows. Even with the confidence, UNI prices have been mostly consolidating, moving horizontally at spot rates.
If buyers press on, a close above $6.6 with expanding volumes might confirm buyers of November 22. In that case, the resulting momentum might form the base for anothe...
|UNI Price Prediction – After 25% Rally Uniswap Turned Attractive O...
UNI price rallied over 25% and climbed above $6.20. Uniswap is now consolidating gains and any dips might be attractive to the bulls in the near term.
UNI started a fresh increase above the $5.20 and $6.00 resistance levels. The price is trading above $5.80 and the 100 simple moving average (4 hours). There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair might correct lower, but the bulls could be active near the $5.60 and $5.55 levels. UNI Price Regains Strength
After forming a support base above $4.80, UNI started a fresh surge. The bulls were able to push Uniswap’s price above the $5.25 and $5.30 resistance levels, outperforming Bitcoin and Ethereum.
There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI/USD pair. The pair pumped over 25% and even climbed above $6.20. A new multi-week high was formed near $6.60 and the price is correcting lower.
There was a move below the $6.25 level. Uniswap is now approaching the 23.6% Fib retracement level of the upward move from the $4.83 low to the $6.60 high.
UNI is still trading above $5.80 and the 100 simple moving average (4 hours). If there is a fresh increase, the price might face resistance near the $6.40 level. The next key resistance is near the $6.60 level. A close above the $6.60 level could open the doors for more gains in the near term.
Source: UNIUSD on TradingView.co...
|UNI Price Skyrockets 20% as Uniswap Governance Proposes More Voting Powe...
The proposal seeks to delegate 10 million UNI from the DAO’s treasury to underrepresented delegates.
The top four candidates get up to 2.5 million UNI, and the rest of the tokens will be equally delegated to other candidates.
The proposal, currently in ‘temperature check’, now faces an on-chain vote before delegates would receive UNI from the DAO’s treasury.
Moreover, the tokens would not be tradeable, just used by these delegates for voting purposes, increasing their say in governance proposals.
4/ 1inch Vote
This vote ratifies the selling of ~2.5M ARB tokens from the 1inch DAO to USDC on Arbitrum. The USDC will be sent to DAO’s treasury & the funds will be used to grow the 1inch Network & improve DAO’s financial position
Leading Consensus: Yes - 11M UP (92.58%) pic.twitter.com/2KYZPJPlOt
— Wintermute (@wintermute_t) November 22, 2023
Uniswap Governance Improvements
Uniswap’s DAO allows token holders to either vote themselves or delegate their voting power to another entity. There are more than 30 delegates with at least 2.5 million delegated votes. This is the level at which delegates are deemed “underrepresented.”
StableLab, the governance service provider that made the delegation proposal would also receive governance tokens were it to pass. The proposal noted:
“Many top delegates with considerable voting power have less than 50% vote participation rate, and some even as low as 10% or 0%,”
|DeFi gathering momentum, Ethereum Gas Fees Rising: Why Is Uniswap (UNI) ...
Decentralized finance (DeFi) activity on Ethereum is picking up momentum based mainly on how gas fees have been trending in the first three weeks of November, data from Kaiko shows. Even so, despite Uniswap (UNI) spearheading the revival, looking at the gas attributed to its activities over this period, UNI prices remain stagnant below $5.6, with bulls failing to edge higher, breaking to new 2023 highs.
Ethereum Gas Fees Rising, DeFi Revival? According to Kaiko, a blockchain analytics platform, the average gas fees on Ethereum hit multi-month highs last week. The platform expressly notes that the primary driver has been Uniswap's activities, reading from the rising transaction volumes from meme coins, including GROK. This, in turn, pushed block space demand higher, increasing gas fees.
Gas fees remain volatile but generally higher in the first three weeks of November. As of November 20, Ycharts data shows that the average cost of sending a transaction stood at 45.13 Gwei, nearly 100% from November 19, when it was at 24.84 Gwei. This is a significant jump from 17.66 Gwei in late October 2023.
Gas fees and how ETH and DeFi token prices react are directly correlated as DeFi and other on-chain activities like non-fungible token (NFT) minting and trading rise; gas fees usually expand in trending markets.
Accordingly, the recent expansion in gas fees could suggest that the markets could be preparing for a leg up, and tokens of critical protocols, including Uniswap...
|Uniswap Wallet Launches On Android Following Completed Beta
Uniswap has rolled out the completed version of its wallet app to all Android users following a brief beta testing period that began last month.
The app brings a simple mobile user interface to its decentralized exchange (DEX), which is currently the largest in the entire crypto ecosystem.
Per Uniswap’s announcement on Tuesday, app users will be able to swap tokens across 8 different blockchains including Ethereum, Polygon, Optimism, and Arbitrum, all while managing their tokens and NFTs in one place.
Users can also track other traders and view balances “in 6 new languages & 18 new currencies.”
Furthermore, swaps on the app will be protected from MEV, meaning they’ll be placed into a private transaction pool and are thus shielded from frontrunning and “sandwich attacks.”
Uniswap wallet originally rolled out to IOS users in April.
In conversation with Blockworks, Uniswap Labs vice president of design Callil Capuozzo said that the Android version was one of the community’s most requested items and that he expects it to garner many users.
“With Android devices, there’s many different sizes and configurations, meaning there’s a lot more edge cases that can happen, so the beta was really good for getting user feedback and building a better product,” he added.
To accompany the launch, Uniswap is also giving away 10 USDC to a random group of 10 users to get started.
Uniswap currently boasts a TVL of $3.63 billion a...
|Uniswap (UNI) Price Rally Incoming as Selling Pressure Exhausts: Data
The rare UNI transfer by Uniswap Foundation had put significant pressure on the token over the past week. But the data suggest that 'selling pressure has gotten exhausted.'
The prominent on-chain analyst, Ali Martinez, believes that UNI could be on the verge of a breakout.
UNI Gearing up for Breakout?
Citing Intotheblock's data, Martinez said that over 87% of UNI holders are positioned 'Out of the Money' meaning they are yet to realize a profit. This essentially suggested that Uniswap's native token is preparing for a breakout.
'With 87.56% of $UNI holders positioned 'Out of the Money,' Uniswap is preparing for a breakout! UNI investors are in disbelief; selling pressure has gotten exhausted, and an important support floor was built around $4.'
The analyst further pointed out the surge in the number of large UNI transactions, signaling a spike in institutional players' and UNI whales' interest at current price levels.
Such a trend suggests that these market participants may be 'investing or positioning themselves' before UNI breaks out.
The analyst speculated that even though UNI established a crucial support level at $4, there are two significant resistance barriers it must surpass in order to indicate a bullish breakout.
The first barrier is positioned at $4.23, with 7,000 addresses accumulating 14.24 million UNI, while the second one is at $4.45, where 2,000 addresses control 10.28 million UNI.
Uniswap's Token Transfer
Over the past six days, Uniswap Foundation transferred...
|Crypto Analyst Presents Uniswap's UNI As The Next Coin Primed For Breako...
Several altcoins are currently on the rise following Bitcoin’s resurgence, and popular crypto analyst Ali Martinez has singled out the Uniswap UNI token as one of those tokens that could rally further as he projects that UNI is set to break out soon from its current resistance level.
Why Uniswap Is Poised For A Breakout
In a post shared on his X (formerly Twitter) platform, Martinez noted that the majority of UNI holders were positioned ‘Out of the Money,’ which suggests that the token was preparing for a breakout. Accompanying his post was data from the crypto analytics platform Intotheblock based on the ‘Historical In/Out of the Money’ metric.
The data shows that over 75% of the token holders are ‘out of the money’, which means that they were yet to break even in their investments as the average cost price at which they bought these tokens is greater than its current price.
More addresses are out of the money | Source: IntoTheBlock
Furthermore, the crypto analyst explained that selling pressure has gotten exhausted and that the UNI token has been able to build “an important support” level at around $4. This could serve as a lift-off point for the altcoin.
Key Supply Walls UNI Needs To Break
To further support his breakout theory, Martinez noted two supply walls that UNI “needs” to overcome in order to signal a bullish breakout. According to him, one of these supply walls is at $4.23, where da...
|UNI Sell-Off Concerns Grow as Uniswap Foundation Makes Rare Token Transf...
UNI's price has seen a substantial upswing in recent days. Alongside this upward momentum, a massive sale of the tokens from an address has sparked fears of yet another potential downturn.
The move was unexpected, but UNI's price has remained largely unfazed by the massive token movement, at least for now.
According to on-chain expert Lookonchain's tweet, the Uniswap Foundation - which is the team behind the development and expansion of the Uniswap protocol - transferred 6.8M UNI worth around $29.16 million to a new address on October 25th.
Part of the funds were also moved to a popular digital asset platform called FalconX.
Just a day prior, the organization dumped three million in UNI tokens, worth around $13 million, via the Kraken deposit address of Wintermute.
The sale occurred during a period of rising UNI prices. Interestingly, even after the sale, the token surged, and the development failed to sway the price in a negative direction.
UNI was currently down by a little over 3% in the past day as a result of a broader market correction and was trading at $4.09.
Despite this, sell-off concerns persisted as the movement of such a huge stash of UNI has not occurred in the past two years.
The past year, UNI whales have been stacking up the tokens following the draft release of Uniswap v4.
On-chain activity on the protocol has been growing despite the negative press surrounding the recent introduction of fees.
As reported earlier, Uniswap's Active Addresses and Network Grow...
|The First Token on Uniswap Skyrockets to $5.5 Million Following Burn Eve...
The price of HayCoin (HAY), the first-ever token floated on the decentralized exchange Uniswap, witnessed a remarkable surge, reaching a peak of $5.5 million per token on Thursday.
This massive price increase followed token burning by long-term holders, indicating a notable development in the market.
HAY Token Surges to $5.5 Million
On Oct. 26, HAY witnessed a surge in its token price, reaching $5.5 million. This notable increase occurred shortly after a long-term holder, holding 51 HAY tokens since 2019, decided to burn their holdings.
This event followed Hayden Adams, the creator of Uniswap, who also burned his coins on Oct. 21, effectively destroying 99.99% of the total supply and leaving only 4.4 tokens in circulation.
As a result of the limited supply, the token prices experienced rapid growth, leading to a market capitalization of just under $10 million. By last Sunday, the value of a single HayCoin reached $4.4 million before stabilizing at $3 million by Monday.
JUST IN @Ashleighschap just confirmed ownership of the 51 $HAY token wallet and fully burnt ithttps://t.co/r2RTOvYyuI
— Haycoin (@HayCoinERC) October 26, 2023
Following the recent burn, HAY now has a circulating supply of just 4.35 tokens spread among 5,800 holders, according to data from DEXTools. Its market capitalization hovers around the $14 million mark. Apart from the circulating tokens, no other HAY tokens exist in other wallets.
The Unintended Rise of the 'Original Meme Coin'
Hayden Adams releas...
|Orion Beats Uniswap Tax by Offering 0% DEX Fees and 0.25% on CEX Trades
[PRESS RELEASE - Cayman Islands, British Overseas Territories, October 26th, 2023]
Centralized and decentralized exchange aggregator Orion has revealed its 0% fee model for DEX trades that makes it cheaper than Uniswap. Unlike the majority of DEX platforms, Orion doesn’t impose a commission on trades, allowing users to keep more of their crypto.
On October 16, Uniswap began imposing a 0.15% on swaps involving assets such as ETH, WBTC, and USDC. This forms an additional tax over and above protocol fees that can be imposed through governance. The decision by Uniswap Labs to activate an interface fee means that Orion is cheaper than Uniswap and provides access to a greater range of liquidity sources.
Uniswap claims its 0.15% fees leaves it cheaper than other AMMs, which can charge up to 1%, and CEXs, which can charge up to 2%. Orion, however, has continued to maintain its zero percent fee for DEX trades, and levies as low as 0.25% for CEX, making it cheaper than most AMMs including Uniswap. Orion also supports stablecoin swaps with pricing at 0.03%, making it cheaper than stablecoin platforms such as Curve.
Stephane Doueihi, DAO Ambassador of Orion said: “Traders are losing significant amounts of money through using DEXs that impose fees. Over time, these can add up to thousands of dollars in lost value. In many cases, users aren’t even aware how much they’re paying, since fees aren’t always clearly displayed by DEX interfaces.”
|Uniswap Foundation's Unexpected $43 Million Token Sale: What's Going On?
The spotlight has recently turned towards the Uniswap Foundation following notable shifts in its holding patterns. Uniswap Foundation, which backs the development and expansion of the Uniswap (UNI) protocol, made headlines for its sale of the platform's native tokens.
Uniswap's UNI token has maintained its position as a prominent digital asset in decentralized finance (DeFi). Yet, the recently reported sale by the foundation responsible for its proliferation raises questions regarding its long-term strategy and the implications for the wider UNI ecosystem.
$43 Million Uniswap Token Sale Capture Attention
Recent data suggests that the Uniswap Foundation moved roughly $43.3 million worth of UNI tokens within three days. This activity becomes even more interesting when considering that substantial movements of UNI tokens from the foundation’s wallet have been rare over the past two years, according to data from Etherscan.
In a disclosure by the renowned on-chain analytics platform Lookonchain, the foundation reportedly transferred 6.8 million UNI tokens (valued at $29.16 million) to a new digital wallet.
A segment of these tokens also reached FalconX, a recognized digital asset trading platform. Adding another layer to this saga, Lookonchain unveiled that three million UNI tokens, translating to $13 million, were sold via the Kraken exchange deposit address affiliated with the automated market maker Wintermute.
The timing of this sale coincided with a period of si...
|Uniswap On-Chain Activity Surges Despite Speculation Over Fee Introducti...
The recent introduction of fees by Uniswap sparked speculation about a 'sell the news' reaction, a closer examination, however, offers a different perspective.
Despite a 5% decline in UNI's price since the initial announcement, Uniswap's on-chain activity has grown.
According to the latest insight by Santiment, a noticeable disparity is observed in the diminishing UNI price and the increasing on-chain activity.
The crypto analytic platform said that the negative MVRV suggests short-term UNI holders are perhaps feeling some pain.
But Active Addresses and Network Growth are two metrics that have surged to levels not seen since July this year. Interestingly, this trend has been on the rise despite a downtrend on the price side of things.
Uniswap Labs, the organization behind the decentralized crypto exchange, imposed a 0.15% fee starting Tuesday on trades involving ETH, USDC, and other tokens. Only swaps that execute through Uniswap Labs’ front end will be taxed.
This fee differs from Uniswap's current 'protocol fee,' which is overseen by governance voters. Uniswap Labs is imposing this fee as part of its effort to sustainably fund its operations.
According to Uniswap creator Hayden Adams, this interface fee will enable them to continue to research, develop, build, ship, improve, and expand crypto and DeFi.
While the introduction of the fee has led many investors to dump the asset and create FUD, a hook enabling Know Your Customer (KYC) verification on the upcoming Uniswa...
|Uniswap Is Decentralizing: Why Are DeFi Users Worried About This Feature...
Devin Walsh, Executive Director of the Uniswap Foundation, a non-profit organization supporting the growth and decentralization of the Uniswap decentralized exchange (DEX), believes that Uniswap is decentralizing. Walsh even compares the current state of the DEX to that of Ethereum. The executive also acknowledged that the DEX's current level of success is due to the active participation and contribution of the developer community.
Uniswap Becoming More Decentralized? The Executive Director responded to a thread on X where Antonio Juliano, the founder of dYxX, a layer-2 DEX on Ethereum, insinuated that Uniswap is now centralized. However, it started on a decentralized path.
With centralization, Juliano added, the protocol can iterate quickly, mainly to boost revenue. On the other hand, by being more decentralized, dapps allow users to enjoy the full advantages of decentralized finance (DeFi).
Decentralization of protocols launching on public ledgers, like Ethereum or Cardano, is crucial. Usually, the community will gauge how well a dapp is decentralized by looking at, among other factors, how decisions are made and which party spearheads development.
In the case of Ethereum, Walsh pointed out that the community has taken over from where Vitalik Buterin, the co-founder; and Consensys, a technology company developing solutions for Ethereum, left. Since then, multiple developers have been refining the network and ensuring it is secure and robust ...
|Uniswap V4 Expected To Be Huge, But Is This Requirement A Dealbreaker?
Due to its innovation, Uniswap Labs plans to introduce Hooks in the upcoming Uniswap v4, putting the world's leading decentralized exchange in the spotlight. According to a critic on social media platform X, the DEX is on the know-your-customer (KYC)-verification route once Hooks on Uniswap v4 are released.
Uniswap v4 Hooks Is The Beginning Of Censorship? Sharing screenshots, the user shared insights and said the exchange brings KYC verifications on the latest iteration. At the same time, the platform plans to use the 'permission required' off-chain server on UniswapX for performance enhancements.
UniswapX is an open-source solution allowing permissionless and open trading across Automated Market Makers (AMMs) and other liquidity sources. It is currently being tested on the Ethereum mainnet.
Though the community has embraced these developments, the critic said these requirements, especially the identity verification requirement on Hooks, will be available as an option before being gradually made mandatory down the line.
Uniswap v4 is being developed, and Hooks will be one of the key updates. Hooks are programmable extensions for customizing pool and trade behavior, tightly integrated with Uniswap's core protocol.
With Hooks, it becomes easier for developers to implement other features such as dynamic fees, on-chain limit orders, and overly improved customization. In this way, it will also be possible to integrate Uniswap v4 into other protocols.
|Elevating Uniswap v3's User Experience: REYIELD Finance Unlock Considera...
In the exciting world of DeFi, everyone is looking for great returns on their investments. Enter REYIELD Finance, a game-changer that, when combined with Uniswap v3, presents more than 261.8% in potential annual returns. This huge number is turning heads and getting noticed by DeFi fans and experienced investors around the world.
REYIELD Finance is stepping up, making big moves at the center of the DeFi revolution.
It uses the power of Uniswap v3, a top decentralized exchange, to increase the chance of high returns. Thanks to smart algorithms and constant adjustments, your investments are always in the right place at the right time to capture the best market returns.
What sets REYIELD apart?
It’s their smart, AI-driven approach. The platform adjusts to market changes in real time, providing solid recommendations on where to put your assets. Whether you're a beginner or an experienced investor, REYIELD promises easy access to your money with no lock-in periods, making the investment process clear and efficient for everyone.
REYIELD Finance is also deeply connected with various Uniswap v3 liquidity pools, with an automatic compounding mechanism ensuring that your investments are always working hard.
Through practical testing, it's shown that this can potentially increase the number of operations to 20-50 conducted daily, keeping your investments in line with the ever-changing market.
As the DeFi sector grows rapidly, REYIELD Finance is showing it has the potential, whe...
|Uniswap Soaring User Engagement: How It's Transforming UNI Price?
Uniswap (UNI) has emerged as a beacon of activity and growth amidst a month of turbulent trading for the broader cryptocurrency market. Throughout September, the crypto market exhibited a remarkable level of volatility while remaining largely range-bound, leaving market participants in a state of neutrality. However, Uniswap has defied the sideways trend, demonstrating notable progress in various metrics.
According to data from Token Terminal, Uniswap experienced a significant surge in daily active users on September 30th. This uptick in user engagement reflects growing interest in decentralized exchanges (DEXes) and the Uniswap Protocol specifically.
Notably, Uniswap also celebrated a remarkable milestone during this period, completing over 300 million swaps. This achievement underscores the platform's pivotal role in facilitating decentralized trading and liquidity provision within the cryptocurrency ecosystem.
active users up
trading fees down pic.twitter.com/lX7V3uWNF9
— Token Terminal (@tokenterminal) September 30, 2023
Uniswap: Expanding Network Growth
Uniswap's growth extended beyond its daily user metrics. The network saw an expansion in the number of new addresses, indicating a rising interest in the UNI token and its associated ecosystem. This surge in new addresses is a positive sign for Uniswap's long-term sustainability and relevance within the decentralized finance (DeFi) landscape.
Swap szn in full effect
Uniswap Protocol has off...
|Uniswap Unveils Funding Plan For Ecosystem Revamp As UNI Price Hits 4-Mo...
In a move aimed at advancing their vision of creating a self-sovereign Internet with a permissionless alternative to traditional finance (TradFi), the Uniswap Foundation (UF) has submitted a proposal to secure the second tranche of funding.
The desired funding, totaling $62.37 million, will be put to an on-chain vote scheduled for Wednesday, October 4th, with a 10% buffer included to mitigate price volatility.
Uniswap Foundation Seeks Community Approval
The separation of the funding request into two tranches was initially established to allow the UF to finalize its legal entity and obtain non-profit status from the Internal US Revenue Service (IRS), as the company is based in Brooklyn New York, ensuring clarity on tax implications before receiving the larger portion of funds. The UF obtained this status in the spring of this year, prompting the request for the second tranche.
The first tranche of funding, approved by Uniswap governance last year, aimed for $20 million but experienced a decrease in value due to a drop in the price of UNI, the native token of the Uniswap Protocol.
Consequently, the Uniswap Foundation received $17.3 million worth of UNI, creating a remainder of $56.7 million to be requested in the second tranche. A 10% buffer of $5.67 million has been included to account for potential price fluctuations, bringing the total request to $62.37 million.
The Uniswap Foundation plans to receive the funds in UNI, with the amount determined using a 30-...
|Judge Dismisses Uniswap Scam Token Case in Another Crypto Court Victory
On Aug. 30, the United States District Court for the Southern District of New York dismissed the suit against the decentralized exchange, its CEO, and its venture capital backers.
The suit was brought by six individuals who bought what they alleged were scam tokens on Uniswap between December 2020 and March 2022. The plaintiffs claimed they lost money on liquidity pools controlled and created by Uniswap smart contracts.
The class action was filed in April 2022 with plaintiffs demanding compensation under the 1933 Securities Act, the same legislation the SEC has used to target crypto companies.
Uniswap Case Dismissed
However, Judge Katherine Polk Failla stated that neither Uniswap nor the plaintiffs knew the identities of the scammers who issued the fake tokens. Moreover, it is the same judge that is presiding over the SEC vs. Coinbase case. More interestingly, the judge also said that Ethereum is a commodity, not a security.
Putative Uniswap class action dismissed by Judge Failla in SDNY. Among other things, challenges notion that software platform can be held liable for damage caused by third party misuse of software code. pic.twitter.com/8wvsXmtlrR
— Palley (@stephendpalley) August 30, 2023
The judge said that the case had nothing to do with securities laws.
“The Court declines to stretch the federal securities laws to cover the conduct alleged, and concludes that Plaintiffs’ concerns are better addressed to Congress than to this Court.”
|Why The Uniswap (UNI) Token Is Almost Worthless: Researcher
In an analysis, Anders Helseth, Vice President at K33 Research, has mounted a strong case against the viability of the Uniswap (UNI) token. His analysis pivots on the intriguing dynamics of the decentralized finance (DeFi) market, fundamentally challenging the current valuation and future potential of UNI.
Helseth begins his argument with a seemingly straightforward question: 'The Uniswap protocol generates significant trading fees, but will the UNI token ever capture its (fair) share?' His conclusion is emphatically negative.
Is The Uniswap (UNI) Token Worthless? For context, UNI is a governance token for the Uniswap protocol, a decentralized exchange that earns a 0.3% fee on trades. However, as Helseth points out, the entire trading fee currently goes to liquidity providers, with UNI holders standing to gain only if governance votes permit fee dividends to UNI holders.
Even in a slow DeFi market, the fully diluted value of the UNI token is 15 times the annualized trading fees paid when using the protocol, currently around $6 billion. If the UNI token could capture all trading fees, it would arguably present an irresistible buy. However, Helseth makes a compelling argument to the contrary.
'The UNI token currently captures 0% of the 0.3% trading fee, which entirely goes to liquidity providers,' Helseth says, emphasizing the token's current lack of intrinsic value.
The crux of his argument revolves around three players in the DeFi space: the users, the protocol (and hence UN...