Crypto whales sold off millions of dollars worth of yearn.finance on Saturday prior to YFI sharply correcting by over 40%, according to on-chain data. Spotted by blockchain-tracking firm Lookonchain, one wallet deposited the better part of $5.8 million worth of YFI to crypto exchanges, likely to be sold off on the open market. “Why did […]
The post Crypto Whales Sell Off Ethereum (ETH)-Based Altcoin Before Massive 40% Correction: On-Chain Data appeared first on The Daily Hodl.
The team behind the top decentralized exchange (DEX) by trading volume is unveiling the Android version of its new crypto wallet. Uniswap Labs, the creators of Uniswap (UNI), says in a new announcement that it’s dropping a new crypto wallet for Apple iOS software competitor Android. Uniswap says the new wallet is “built for swapping,” […]
The post Uniswap Labs Rolls Out New Crypto Wallet to 430,000 New Android Users appeared first on The Daily Hodl.
Crypto trader Ali Martinez says that the largest memecoin by market cap could surge after overcoming a key resistance level. Martinez tells his 32,300 followers on the X social media platform that if Dogecoin (DOGE) manages to climb above the $0.076 resistance level, the leading memecoin could surge by around 13% from the current level. […]
The post Crypto Trader Says One Shiba Inu Rival Hinting at a Potential Breakout, Updates Outlook on Cardano and Uniswap appeared first on The Daily Hodl.
On-chain data shows the firm behind Ethereum’s (ETH) biggest decentralized exchange Uniswap (UNI) is sending over $40 million worth of assets to several crypto exchanges. First spotted by blockchain tracking firm Lookonchain, the Uniswap Foundation suddenly moved millions of UNI tokens over the last week to crypto exchanges OKX, Kraken and FalconX. “Uniswap Foundation has […]
The post Uniswap Foundation Transfers Over $40,000,000 Worth of UNI to Kraken, OKX and FalconX: Lookonchain appeared first on The Daily Hodl.
Leading decentralized exchange (DEX) Uniswap has been deployed on Base, the new Ethereum layer-2 built by US crypto giant Coinbase. Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet first launched in February of this year. Announcing the launch of Base support on X, Uniswap Labs says that users can now execute […]
The post Decentralized Exchange Uniswap (UNI) Now Operating on Coinbase-Backed Layer-2 Base appeared first on The Daily Hodl.
A handful of whales dumped millions of dollars of Wrapped Bitcoin (WBTC) and Ethereum (ETH) after the crypto market slumped earlier this week. One whale dumped 150 Wrapped Bitcoin worth $4.36 million at a price of $29,053 per WBTC, according to the blockchain tracker Lookonchain. Lookonchain also notes that another whale sold off 3,967 Ethereum […]
The post Ethereum Whales Sell Off Massive Amounts of ETH and Wrapped Bitcoin As Crypto Markets Weaken: On-Chain Data appeared first on The Daily Hodl.
All 191 UNI token holders voted in favor of the proposal to launch the DEX on Polygon's zkEVM.
Decentralized exchange (DEX) Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon.
While Uniswap (UNI) token holders have until April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass it has already been reached — with over 42.4 million votes recorded in favor of the integration.
All 191 Ethereum addresses voted in favor of the proposal with financial modeling platform Gauntlet and Ethereum infrastructure provider ConsenSys leading the voting tally with over 7 million votes each according to Tally, a voting dashboard for decentralized finance projects:
The author of the proposal, Polygon Business Development Lead Jack Melnick, explained that now is the “right moment” to make Uniswap v3 available on Polygon’s zkEVM because it is “EVM equivalent” — meaning that there is no need to recompile EVM smart contracts:
“There’s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place as the number one DEX and a thought leader.”
The integration will also provide validation and fast finality of off-chain transactions, said Melnick.
In addition, the high level of adoption that Polygon has managed to harness makes integrating on Polygon’s zkEVM a “priority,” he explained.
As for what factors will make this deployment a boom or bust, Melnick pointed to several key on-chain metrics:
“A successful zkEVM deployment will, in an organic and sustained manner, grow Uniswap’s Total Addressable Market across TVL, unique interacting wallet, volumes, and integration with partner dApps.”
“As demand for zk-blockchains and proximity to Ethereum rises, users and builders will increasingly look to zkEVM solutions to build and trade,” he added.
Melnick is confident the integration will pose “minimal risks” at least “relative” to other blockchains because the Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum’s security.
The Polygon Bridge has been “disintermediated” and data will be sourced from “reputable” Oracle providers, Melnick added, which he expects will only strengthen security at the protocol level.
Polygon’s zkEVM had its official mainnet launch on March 27.
Related: Uniswap’s first governance vote fails... Despite 98% support
In a similar move, Uniswap v3 integrated with the BNB Chain — a smart contract blockchain built by Binance — on March 15.
The governance vote wasn’t as stark though, as only 65% voted in favor of the proposal.
United States venture capital firm Andreessen Horowitz (a16z) — the largest UNI token holder — voted against the BNB proposal with its 15 million UNI tokens.
Magazine: ZK-rollups are ‘the endgame’ for scaling blockchains, Polygon Miden founder
A leading analytics firm reveals that one of the world’s largest market makers has accumulated hundreds of millions of dollars worth of stablecoin USD Coin (USDC) and Ethereum (ETH) in as little as one month. Arkham Intelligence shows that quant trading firm Jane Street has over $1.26 billion worth of crypto assets in its portfolio. […]
The post Quant Trading Firm Accumulates Nearly $800,000,000 Worth of USCD and Ethereum in One Month: On-Chain Data appeared first on The Daily Hodl.
Silicon Valley Bank’s (SVB) high-profile implosion last week whipped up a frenzy of decentralized finance (DeFi) transactions, according to market intelligence platform DappRadar. DappRadar notes in a new report that DeFi tends to be highly susceptible to market concerns and crashes. Last weekend, USD Coin (USDC) lost its peg to the US dollar following news […]
The post Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar appeared first on The Daily Hodl.
A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022. This […]
The post Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain appeared first on The Daily Hodl.
