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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.
Uniswap announced it would start charging a swap fee of 15% from Oct. 17, evoking mixed reactions from the crypto community.
Uniswap Labs activated a fee switch for select frontends, and the results are big business
In the ever-evolving landscape of decentralized finance (DeFi), Uniswap stands as a prominent figure, known for its continuous strides toward decentralization. Uniswap Foundation's Executive Director, Devin Walsh, has shed light on the platform's ongoing journey, comparing its trajectory to that of Ethereum, while addressing concerns raised by Antonio Juliano, the founder of dYxX, a layer-2 DEX on Ethereum.
Uniswap (UNI) price is currently at $3.91, down 15% from the monthly peak of $4.70, as investors grapple with uncertainty surrounding the new fee structure. On-chain data examines how the early optimism shown by UNI holders could evolve into a quick price recovery.
Uniswap may need to do more than win back its community's trust based on recent events. But for market players, UNI's decline may be a chance to accumulate the token cheaper.
Uniswap (UNI) investors have been dumping the asset as the decentralized finance (defi) protocol started to charge swap fees. Uniswap founder Adam Hayden announced on Oct. 16 that the protocol will start charging a 0.
No fees shall be imposed on exchanges involving stablecoins or the act of wrapping Ether tokens. Uniswap, a decentralized exchange, is slated to initiate a 0.
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.
UNI has witnessed a significant decline in demand since the month started. This has resulted in a double-digit decline in the altcoin's value.
Binance exchange has made another drastic move to cleanse its platform with respect to underperforming token pairs for selected products. As announced by the trading behemoth, the margin trading pairs for UNI, ALGO and AXS, among others, are on the chopping block.
Uniswap's founder, Hayden Adams, announced that the decentralized exchange will impose a 0.15% swap charge on specified currencies via their web app and wallet interfaces.
In recent trading sessions, Uniswap (UNI), one of the foremost decentralized exchange platforms in the cryptocurrency realm, has been navigating a tumultuous journey. The digital asset has experienced significant fluctuations in its value, with its price swinging by 4.36% during intraday trading hours, settling at $4.12.
Recently, Uniswap, a prominent decentralized exchange, made headlines by introducing a 0.15% swap fee on specific tokens. While generating buzz and curiosity, this decision has raised several questions regarding its impact on traders.
Uniswap Foundation (UF), a non-profit dedicated to supporting the growth and decentralization of the popular Uniswap DEX, will receive $46.2 million from the Uniswap DAO after a funding vote passed quorum.
