While UNI's price rose, sentiment surrounding UNI remained positive amid a 30% increase in social media postsç.
Uniswap Labs has rolled out its Ethereum-compatible layer 2 network “Unichain” after four months of testing and over 100 million settled on-chain transactions.
Uniswap Labs has launched Unichain, its new Layer 2 blockchain, aiming to enhance the Ethereum ecosystem. The launch comes shortly after the introduction of Uniswap V4, marking another major development for the decentralized exchange.
TL;DR Uniswap Labs launched Unichain, a network designed for faster transactions and lower costs in the DeFi ecosystem. During the test phase, 95 million transactions were executed, and over 14.7 million smart contracts were deployed. Unichain offers interoperability, decentralization, and efficiency with gas costs up to 95% lower than Ethereum L1.
Bitcoin (BTC) is testing $98,000, remaining sluggish but slowly climbing towards $100,000. The flagship cryptocurrency is up over 1%, trading around $99,100, as buyers look to maintain control.
Unichain will features technological innovations like a new block builder and validator network to improve network security and minimize MEV.
Powered by Optimism's OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum's mainnet.
TL;DR Aave proposes deploying on Soneium, a Layer 2 blockchain by Sony, to leverage its scalable infrastructure and extensive distribution network. The integration aims to attract new users and deepen liquidity, enhancing Aave's position and expanding DeFi opportunities on Soneium.
This proposal, part of a “Temperature Check,” aims to gauge community interest in tapping into Soneium's ecosystem. Soneium is designed for mainstream adoption with a focus on DeFi, gaming, NFTs, and entertainment applications.
AAVE has recently demonstrated notable bullish momentum, gaining 5.2% in the past week and 1.12% in the last 24 hours. Trading at $250.83 at press time, the cryptocurrency has been showing signs of stabilization, with key levels of support and resistance indicating the potential for further upward movement.
Cryptocurrencies displayed optimism on Tuesday as Bitcoin becomes immune to tariffs' developments. While altcoins mirrored the enhanced sentiments, Aave stole the show with an over 6% daily uptick. Coinmarketcap shows AAVE jumped from the opening price of $245 to the resistance at $260 within the past day.
AAVE surges 5.2% this week as bullish trends emerge. Key levels and market activity analyzed!
The co-founder of Solana Labs Anatoly Yakovenko claimed Kamino produced more value than Aave, despite the lower value locked in its lending vaults.
The founder of Aave downplayed Solana's Kamino during an argument with the president of the Solana Foundation and the co-founder of Solana Labs about decentralized money markets on X. Alex Svanevik, founder of Nansen, questioned the absence of Aave on Solana, which currently boasts Kamino as its largest money market protocol.
Several events are in the pipeline for the crypto market this week, including updates in the Aave, Bittensor, and Jupiter ecosystems, US economic data, earnings calls, and key token unlock events.
Uniswap (UNI) has experienced a remarkable surge in accumulation recently, signaling that it could be poised for a potential rally. The first week of February saw over $54 million worth of UNI tokens withdrawn from exchanges, a clear indication of increasing investor interest.
PancakeSwap (CAKE) token rose to a high of $2.1600, up by over 75% from its lowest level this month, bringing its market cap to $556 million.
Whales and other could have a say in where UNI goes next.
AAVE declined for the second consecutive week, mirroring the performance of most altcoins as tariff risks remained a concern. AAVE (AAVE) token fell to a low of $196.
A major crypto whale has accumulated $16 million in UNI tokens following a significant price downturn, coinciding with Uniswap's v4 launch that promises improved efficiency and cost savings.
Uniswap price has continued to stay in the red, hovering around the $9 mark, but recent developments indicate a strong recovery ahead. For context, whales or large investors have bagged nearly $16 million UNI over the past few days, signaling a strong confidence of the investors.
Arbitrum has deployed Balancer V3, a major upgrade that enhances network liquidity through advanced automated market maker features.
Ethereum price has struggled this year as it faced numerous challenges, including the rising competition with Solana and Base. ETH has dropped to $2,815, down by over 30% from its highest level this year. So, let's explore some of the best Ethereum rivals to invest in and turn $100 to $1,000 by March 31st.
Litecoin (LTC) joined Aave (AAVE) as a top performer, rising 3.7%.
The DeFi tokens category saw an uptick on Wednesday while the biggest crypto, Bitcoin, remained under immense selling pressure. High-rolling traders have quickly moved to profit-taking mode, dumping top DeFi tokens like Aave (AAVE), Chainlink (LINK), and Uniswap (UNI).
AAVE rallied over 9% over the past day amid community hype around its potential launch on Sonic blockchain and an uptick in whale accumulation. Aave (AAVE) rebounded to an intraday high of $274.91 on Feb. 5, gaining 9.
The new version of DEX supports 10 blockchain networks: Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche and Zora Network.
A whale withdrew $4.56M in UNI, sparking speculation, but Uniswap faces growing market challenges.
Altcoins like Floki, AAVE, Jasmy, and ApeCoin are seeing increased whale activity as volatility in the crypto industry rises. Floki (FLOKI), a popular meme coin, saw its whale activity increase by 286% in the last seven days.
Aave [AAVE] has seen substantial liquidations, totaling over $200 million in the past 24 hours amid market volatility, marking the largest liquidation event on the platform since August 2024. Despite these losses, Aave's underlying structure has proven resilient, with bad debt decreasing and the overall health of the system remaining intact.
Polkadot (DOT) joined Uniswap (UNI) as an underperformer, declining 4.1%.
Decentralized lending protocol Aave has successfully processed $210 million in liquidations without adding to its existing bad debt. Data from Chaos Labs shows that following Monday's flash crash, which wiped out roughly $2.
Aave has demonstrated remarkable resilience during a period of high market volatility, managing $210 million in liquidations.
Aave has proven to users that DeFi protocols can now handle liquidations in the face of market distress.
Aave aced the market's stress test, processing millions in liquidations without taking on new bad debt.
Aave saw over $200 million in liquidations amid market volatility, but bad debt decreased, showing resilience.
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The cryptocurrency market is experiencing a strong downtrend following a market-wide correction, leading to significant liquidations. However, investors see opportunities to acquire affordable assets before the anticipated altcoin season in February 2025.
AAVE price crashed to a two-month low as cryptocurrencies retreated amid US inflation risks after Trump's tariffs. Still, the AAVE coin has formed a hammer pattern, pointing to a 65% rebound as its founder cheers its resilience during the crypto sell-off.
Uniswap Labs, the leader of the largest decentralised exchange, on Friday, announced the latest and most flexible version of its defi protocol – the Uniswap v4. In what its Founder and CEO Hayden Adams hailed as a “new era of DeFi”, launch of v4 comes after it announced in Nov last year the largest bug
The DEX Raydium has just surpassed its rival Uniswap in terms of volumes recorded during the month of January.
Users can now provide liquidity (LP) on v4 through the Uniswap web app. Swapping will roll out over the next few days as liquidity transitions to the new version.
Decentralized trading volume on Solana far outpaced the volume on Ethereum's mainnet in January, according to The Block's data.
Uniswap (UNI) Labs collaborates with Fireblocks to enhance institutional access to DeFi, offering asset managers and hedge funds direct access to Uniswap Protocol's liquidity.
Uniswap, the leader of decentralized exchanges, is launching its version 4 on twelve major blockchains. This strategic evolution strengthens its position in an increasingly competitive DeFi market.
The past week was one of two distinct halves for the AAVE price, which initially kicked off with a bearish downturn beneath the $300 mark. The DeFi coin has since shown strong signs of recovery, jumping to as high as $340 on Friday, January 31st.