Uniswap DEX Dominance Continues Despite Poor Price Performance For UNI
Decentralized exchange Uniswap has been making headwind and has reached new milestones in terms of the amount of money it has processed.
Keep up with what's happening in the crypto world in real-time.
Decentralized exchange Uniswap has been making headwind and has reached new milestones in terms of the amount of money it has processed.
On May 24, Uniswap (UNI) price dropped below $5 for the first time in 2023. After a shortlived rebound effort, critical on-chain data are now showing early signs of another impending retracement.
Controversial crypto proponent Richard Heart is receiving flak for bugs that are emerging with the newly launched PulseX.
The Uniswap price analysis is bullish for today as the coin price function continues an uptrend. The recent uptrend started on May 16, 2023, when UNI got support at $4.91.
Uniswap price analysis reveals that the market is following a negative trend below the $5.5 mark and is likely to remain today May 29, 2023. The UNI/USD pairing demonstrated a notable upward trend on May 27, 2023, as the price surged from $4.9 to $5.2.
The Memevengers coin $MMVG can be traded on Uniswap where it is paired against WETH.
Unlike Q1, active users on the protocol significantly increased. However, the DEX volume has started shrinking.
UNI's selling pressure cooled off at the $4.87 support level, offering an opportunity for a bullish rebound.
In an exciting development within the decentralized finance (DeFi) landscape, Uniswap V3, one of the leading decentralized exchange (DEX) protocols, is reportedly exploring the possibility of expanding its reach by integrating with a new Layer 1 (L1) blockchain. This article aims to explore the potential implications and benefits of this expansion for the broader cryptocurrency ecosystem.
The price of Uniswap, the largest decentralized exchange by trading volume, is down roughly 35% from Q1 2023 peaks. Even so, on-chain data from Etherscan shows that there has been a steady increase in the number of UNI holders in the past two days.
A proposal to launch Uniswap's third iteration, V3 on Fantom blockchain was undergoing a “temperature check” governance vote.
Columbia University's unit dedicated to distributed ledger technology, "Blockchain at Columbia," has put forward a proposal to deploy the popular decentralized exchange platform, Uniswap, on the Fantom blockchain. The proposition, which emerged in collaboration with the Fantom and Axelar teams, aims to capitalize on the recent expiration of Uniswap's Business Source License (BSL) and expand its market reach across different ecosystems.
A proposal to launch Uniswap's third generation DEX or V3 on Fantom's blockchain is currently undergoing a “temperature check” governance vote.The proposal highlighted a market opportunity that could pull in $30-40 million in weekly trading volume while onboarding a scalable network with low transaction fees for usersFantom seems next in line of EVM chains eyed by the leading decentralized exchange after expanding to BNB Chain, DeFi's second-largest ecosystem by TVL. The Uniswap DAO is currently considering launching the third iteration of its decentralized exchange protocol on Fantom, a layer 1 blockchain with a proof of stake (PoS) consensus model and Ethereum Virtual Machine-compatibility (EVM).
Which crypto assets are gaining increasing popularity in the market? Is it worthwhile to make altcoin purchases at such a sensitive time in the market?
According to the Uniswap price analysis, the bearish momentum is gaining further speed. Over the past week, there has been a notable downturn in price, and this downward trend persists today.
The leading decentralized exchange (DEX) protocol, Uniswap, has announced its decision to expand its operations onto the Polkadot network via the “Moonbeam” parachain in a momentous move that promises to revolutionize the decentralized finance (DeFi) scene. This strategic choice could usher in a new era of cross-chain liquidity, improving the DeFi ecosystem's effectiveness and scalability.
The Uniswap price analysis is moving in a negative direction with bearish momentum. Currently, the UNI/USD pair is trading at $5.18 and has dropped from a high of $5.30 to its current level.
Uniswap scammers exploited nearly 800 users and assets worth over $1.8 million were lost.
The Uniswap price analysis shows that bears have struggled to maintain dominance, resulting in a low price trend over the past two days. After peaking at $5.33, selling pressure emerged, leading to a downtrend.
Uniswap believes that one Ethereum Improvement Proposal holds promise to significantly boost crypto adoption.
Uniswap's [UNI] pullback retest on this FVG (fair value gap) zone could offer a buying opportunity with a good risk ratio.
UNI is now up 7% since the voting proposal on Liquidity Fees began on May 10. Will the bullish $6 Uniswap Price prediction be validated?
Three influential contributors to Uniswap have commenced discussions to explore the potential deployment of the DEX's V3 iteration on Coinbase's Layer 2 blockchain Base.
The community that governs Uniswap's decentralized exchange is once again discussing the possibility of implementing a fee switch.