A popular crypto analyst is outlining which altcoins he think will shine after Bitcoin’s (BTC) price rally. The trader Ali Martinez tells his 99,500 followers on the social media platform X that the key to betting on altcoins is to invest capital early in projects with strong fundamentals. “Forget the meme coin FOMO and the […]
The post Altcoins With ‘Strong Fundamentals’ Will Shine After Bitcoin Rally, Says Crypto Trader – Here Are His Top Picks appeared first on The Daily Hodl.
Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH). In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap […]
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Whales have been gobbling up Ethereum (ETH), the native token for the decentralized exchange (DEX) Uniswap (UNI) and a handful of other decentralized finance (DeFi) tokens, according to the crypto tracker Lookonchain. Lookonchain notes one unknown whale wallet withdrew 299,133 UNI worth $2.39 million from the crypto exchange Gate.io over the weekend. The same whale […]
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Uniswap Labs and UNI tokenholders will benefit the most from Unichain, while ETH holders will likely see the biggest loss, says DeFi Report founder Michael Nadeau.
Uniswap’s new layer 2 blockchain Unichain could be a boon for creator Uniswap Labs and holders of the project’s token, potentially earning them close to $500 million a year from fees that would’ve otherwise been paid to the Ethereum network.
Unichain’s launch would see $368 million previously paid to Ethereum validators in the last year put directly into the hands of Uniswap Labs and likely Uniswap (UNI) tokenholders, DeFi Report founder Michael Nadeau said In an Oct. 13 X post.
Uniswap Labs would also be able to capture all Maximum Extractable Value (MEV) on Unchain because it owns all of the validators on the network, instead of allowing Ethereum validators to scalp MEV, he added.
Uniswap’s native token, UNI, ignored a stagnant crypto market and surged by more than 12% on Thursday as the decentralized exchange (DEX) project announced a new Ethereum (ETH) layer-2 project. Uniswap Labs says the new project, called “Unichain,” aims to facilitate decentralized finance (DeFi) and liquidity across chains. “Unichain is designed to leverage and accelerate […]
The post Uniswap (UNI) Jumps 12% As Project Announces New Ethereum (ETH) Layer-2 Focused on DeFi appeared first on The Daily Hodl.
UNI defies the marketwide sell-off by posting a 10%+ gain after the launch of Unichain.
UNI, the governance token of the Uniswap decentralized exchange, outperformed the crypto market on Oct. 10, posting a 15% daily gain following the launch of its own layer-2 network, Unichain. The price of UNI is up 25% over the last week and 23% in the past 30 days.
UNI/USD daily chart. Source: TradingView
UNI’s trading volume has increased 418% on the day to $583.2 million. With a market capitalization of $5 billion, UNI has claimed the 20th position on the CoinMarketCap ranking.
A liquid staking protocol says that bad actors made away with millions of dollars worth of crypto assets after hacking into the decentralized finance (DeFi) platform. In a new announcement on the social media platform X, Bitcoin (BTC) restaking project Bedrock says that they’ve been exploited for $2 million but assures customers that they’ve identified […]
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The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts. In a new press release, the regulatory agency says it has slapped Uniswap Labs with a $175,000 civil penalty and a cease and desist letter after it was allegedly found to be […]
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The crypto analytics firm Santiment outlined potentially bullish altcoins as digital asset markets ticked upwards on Friday. Santiment analyzes assets by their market value-to-realized-value (MVRV) Z-score, which aims to measure whether they are undervalued or overvalued. An asset tagged with a low MVRV Z-score is seen as undervalued while those with a high MVRV Z-score […]
The post Santiment Outlines Bullish Altcoins Amid a Blossoming Crypto Market – Here Are the Analytics Firm’s Picks appeared first on The Daily Hodl.
A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data. Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings. “A whale/institution […]
The post Whale Withdraws Uniswap (UNI) and Aave Tokens From Kraken: Lookonchain appeared first on The Daily Hodl.
