Browsing:Uniswap

XRP and Uniswap see a sharp rise in users
2 weeks ago 1 min read

XRP and Uniswap see a sharp rise in users, signaling a growing crypto market appeal

Over six months, XRP’s active wallets rose 7% to 5.2 million. This rise shows XRP is becoming a mainstream financial instrument for more investors. The XRP Ledger shows 59.77 billion XRP kept across various wallets, with virtually all retaining some balance, suggesting strong user holding. In one year, Uniswap’s addresses grew 140% from 3.03 million to 7.26 million. After crossing $2 trillion in trade volume in April, Uniswap strengthened its position in decentralized finance (DeFi). Domi by Uniswap’s $5.31 billion in locked value surpasses PancakeSwap. Despite leading market metrics, Uniswap and XRP are under increased regulatory investigation from the SEC.

The US SEC's notice to Uniswap spurs over 16% UNI price fall and whale sell-off
3 weeks ago 1 min read

The US SEC’s notice to Uniswap spurs over 16% UNI price fall and whale sell-off

The price of Uniswap (UNI) coin had a significant decline of 16%, reaching $9.37, after the issuance of a Wells Notice by the US SEC. This notice indicates potential legal challenges for the decentralized exchange. According to Lookonchain, three large holders of Uniswap, often referred to as ‘whales’, sold a total of 2.03 million UNI tokens, resulting in a significant decrease of $20 million in the overall value of Uniswap. Prominent stakeholders in UNI are divesting their assets to Binance. One shareholder liquidated 1.25 million UNI tokens, while another exchanged 472,000 UNI tokens for $4.6 million worth of USDC, resulting

Uniswap's Layer-2 (L2) ecosystem had a record transaction volume of $208.11 billion in February 2024
2 months ago 1 min read

Uniswap’s L2 transaction volume hits over $200 billion ATH, driving up UNI token price

Uniswap’s Layer-2 (L2) ecosystem had a record transaction volume of over $200 billion in February 2024, a notable milestone in the decentralized finance (DeFi) industry. The significant increase in volume, which resulted in a 280% rise from February 2023, demonstrates the increasing acceptance and utilization of decentralized exchanges by cryptocurrency traders and investors. The rise in transaction volume has impacted the price movement of Uniswap’s native token, UNI, resulting in a 15% value appreciation. Yet, the price has decreased, and UNI is now trading at $12.22, showing a slight 5% rise in the past 24 hours. The general sentiment remains

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap
4 months ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an

Uniswap Labs released a new security feature known as Permit 2.
4 months ago 2 mins read

Uniswap Labs releases a new security feature known as Permit 2

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission mechanism that users grant to smart contracts, granting them access to tokens. This permission is required for users to interact with different decentralized applications (DApps), such as decentralized exchanges and

Uniswap Adopts Swap Fees to Drive Expansion
7 months ago 1 min read

Uniswap Launches Swap Fees to Support Expansion

Uniswap, the decentralized crypto exchange (DEX), has made a significant announcement. Starting tomorrow, the platform will introduce trading fees on specific tokens, set at 0.15% per trade. This marks a shift from Uniswap’s historically feeless approach. Uniswap Labs CEO Hayden Adams took to Twitter to share this update, emphasizing that these fees are a strategic step to support the sustainable development of the company. Uniswap Labs is the creator of the widely-used decentralized exchange protocol Uniswap, which, until now, has been known for its fee-free nature. It’s important to note that these introduced fees will be applicable only to trades

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