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In a surprising turn of events, Uniswap's founder, Hayden Adams, executed a dramatic move on October 20 by incinerating a staggering 99% of the HayCoin (HAY) supply.
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 soaring UNI price met a surprising twist as the Uniswap Foundation's unusual sell-off raised eyebrows, potentially signalling turbulent times for the cryptocurrency.
An executive from digital assets investment firm Pantera Capital is predicting that GMX and one other decentralized exchange (DEX) altcoin will soon begin to outperform and steal value away from Uniswap (UNI).
Bitcoin crosses $35K and pushes the market higher — but what about the DeFi sector? Check out the latest happenings and DeFi alpha now!
Hayden Adams, the creator and CEO of Uniswap, carried out a token burn that led to an all-time high for HayCoin (HAY) at $4,532,822 on October 22. CoinGecko reported an extraordinary surge in HayCoin's price, which reached $4 million in just a few days.
Swiss-regulated blockchain bank Fiat24 issued a temperature check on the Uniswap DAO to approve a branded Visa card, though governance delegates have trademark concerns.
HayCoin price has shot to over $3 million following the destruction of 99.99% of the token's supply by Uniswap's founder.
HayCoin, originally created by Uniswap founder Hayden Adams as an experiment, has made headlines as the founder takes an unexpected step. In an astonishing turn of events, Hayden Adams, the creator of the decentralized exchange Uniswap, has burned 99.99% of the total supply of HayCoin (HAY), resulting in an astronomical surge in its price.
An experimental token created in 2019 by Uniswap founder Hayden Adams as one of the first coins tested on the platform has seen its value explode after Adams destroyed 99.99% of the total supply. Keypoints Hayden Adams, creator of Uniswap, burned nearly all of the supply of HayCoin (HAY) tokens on October 20th.
Uniswap creator Hayden Adams burned his token holdings over the weekend, effectively destroying 99.99% of the outstanding supply.
Hayden Adams, the mind behind Uniswap, made waves on October 20 when he decided to destroy nearly the entire supply of HayCoin (HAY). He revealed his decision through a post on X, the platform formerly known as Twitter.
Hayden Adams introduced the HAY token five years ago as part of a testing phase, preceding the launch of the decentralized protocol Uniswap. Initially, a tiny fraction of the total HAY supply was allocated to create a small test liquidity pool.
Hayden Adams, founder of Uniswap, has burned 99% of the total HayCoin (HAY) supply, citing concerns surrounding price speculation over the past few days.
Uniswap creator Hayden Adams has eliminated a staggering $650 billion from the cryptocurrency market by burning nearly all the HayCoin (HAY) supply. This dramatic move on October 20 follows wild price speculations surrounding the token, prompting Adams to end the frenzy decisively.
On October 20th, Hayden Adams, the founder of Uniswap, did something big. He burned 99.9% of his HayCoin holdings.
On October 20th, Uniswap's founder, Hayden Adams, made a significant move by burning 99.9% of his HayCoin holdings. The token's value surged to over $4 million following the move.
Uniswap, under the guidance of its founder, Hayden Adams, has strategically implemented a new fee structure that has the potential to reshape how decentralized exchanges operate. This fresh approach not only promises to boost the platform's revenue but also demonstrates its adaptability in a rapidly evolving crypto ecosystem.
In a groundbreaking turn of events, Uniswap, the prominent decentralized exchange (DEX), has recently etched its name in the annals of financial history. In the month of October, the platform proudly boasted a staggering trading volume exceeding $100 billion.
What makes this development truly exceptional is Adams' audacious move to burn a staggering 99.99% of HayCoin's token supply, a gesture that has both surprised and captivated the cryptocurrency community. This decision has had a profound impact on the coin's value, sending it skyrocketing to unprecedented heights.
Uniswap's Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20 over concerns about price speculation.
Uniswap's on-chain activity has rising amid a decline in UNI's price.
In recent developments, Uniswap (UNI) has seen its price dip to $3.91, marking a 15% decline from its monthly peak of $4.70. The primary cause of this price turbulence is the uncertainty surrounding the platform's newly proposed fee structure.
Ironically, the burn caused the token's price to spike 288% to $2.7 million, according to DexTools.
