Not a bad airdrop for a bear market. What do you think? 🤔
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submitted by /u/ALFDC [link] [comments]
Uniswap, the leading decentralized exchange (DEX), has announced the launch of UniswapX, a permissionless and open-source protocol for trading across automated market makers (AMMs) and other liquidity sources. According to the announcement, UniswapX aims to improve self-custody swapping and grow on-chain trading by offering better prices through the aggregation of liquidity sources, gas-free swapping, protection against maximal extractable value (MEV), and no cost for failed transactions. Uniswap Latest Protocol Launch UniswapX addresses the growing complexity of on-chain routing and the fragmentation of liquidity pools resulting from the increasing number of customized pool designs. The protocol outsources routing complexity to a network of third-party fillers who compete to fill swaps using on-chain liquidity like AMM pools or their private inventory. This allows swappers to use the Uniswap interface without worrying about getting the best price and ensures that transactions are always transparently recorded and settled on-chain. Related Reading: zkSync Unveils Boojum Upgrade: The Ultimate Solution For Scalability And Security? Per the announcement, gas-free swapping is a key feature of UniswapX. Swappers sign a unique off-chain order, which is then submitted on-chain by fillers who pay gas on the swappers’ behalf. This eliminates the need for swappers to pay gas or hold a chain’s native network token to trade. MEV protection is also provided by UniswapX, which returns MEV that would be left on the table to be captured by an arbitrage transaction to swappers through improved prices. UniswapX also has plans to launch a cross-chain version later this year that combines swapping and bridging into one seamless action. This will provide users with the ability to exchange between different blockchain networks in a seamless and trustless manner. This is made possible through the use of bridges, which are specialized smart contracts that enable the transfer of assets between different blockchain networks. In addition, instead of receiving a bridge-specific token, users can choose which assets to receive on the destination chain. Strong Resistance Causes UNI To Retract After the announcement of the launch of the UniswapX protocol, the price of Uniswap’s native token, UNI, experienced a surge of around 3%. UNI reached a high of $6.152, a level not seen since April 2023. The excitement generated by the launch of this new protocol led to a surge in demand for UNI, as traders anticipated improved user experience and better prices for on-chain trading. Related Reading: XRP Crosses 1 Million Trades Per Minute Following Court Ruling However, UNI faced a strong resistance line at this same level, causing the token to retrace and lose all the gains generated by the announcement. At present, UNI is trading at $5.738, down by 1.4% in the last 24 hours. Despite this recent dip, UNI has posted significant gains in the 30-day timeframe, with a staggering 28% profit. On the flip side, according to Token Terminal data, Uniswap’s market cap (circulating) currently stands at $4.76 billion, representing a 28.3% increase over the past 30 days. The market cap (fully diluted) is $5.77 billion, up 26.01% over the same period. Uniswap’s total value locked (TVL) is currently $3.67 billion, a decrease of 0.54% over the past 30 days. The price fees (P/F) ratio (fully diluted) stands at 17.50x, indicating that the market values Uniswap’s future earnings potential at a premium. Uniswap’s trading volume (annualized) is $349.19 billion, representing a decrease of 8.05%. In terms of user activity, Uniswap has had an average of 69.640 daily active users over the past 30 days, representing an increase of 2.7%. Featured image from Unsplash, chart from TradingView.comÂ
As investor’s euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact BTC price.
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP’s favor.
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submitted by /u/cannainform2 [link] [comments]
You know, sometimes we just get way too deep into the matter and just have this tunnel vision that concentrates on the price going up, but we should more often look out of this rigid view and also contemplate the other important statistics of Bitcoin and all of Crypto, because there are way more important…
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Smart contract bridges have been hacked countless times…Vitalik Buterin wrote a great post on the dangers posed by bridges whereas many of these threats aren't problems if everyone stayed on one chain Is there a way to overcome the risks of bridges? Is anyone working on this? What solutions are being pursued? Or is a…
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Like the trust will be inherent in the system and once both the buyer and seller approve of the transaction the payment can be made automatically; no need for the advance payment as the seller may defraud and run away with the money Do u guys agree? And how else can Blockchain change commerce in…
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The Sui blockchain platform is witnessing a surge of activity, mainly due to its new Web3 game, Sui 8192. Not only is this game boosting blockchain engagement, but it’s also contributing to the bullish run of Sui’s native token, SUI. SUI scan has shown Sui 8192 contributed to the transaction spike on the network. In the past 24 hours alone, the game has drawn 258 million transactions on the Sui blockchain. Developed by Ethos, a Sui wallet maker, the game is intended to spark interest in Web3. In the past 24 hours, the number of transactions on the Sui blockchain exceeded 29 million (transaction blocks), a record high. This growth was mainly driven by a casual game called Sui 8192 launched by Ethos Wallet, which is the first on-chain game on the Sui, and its gameplay… — Wu Blockchain (@WuBlockchain) July 17, 2023 New Era Of Web3 Gaming On Sui Blockchain? The mechanics of Sui 8192 includes Players accruing points by matching two similar tiles on a grid. When they amass 8192 points, the game ends, and a non-fungible token (NFT) is minted on the blockchain, a testimony to their achievement. Related Reading: Sui Foundation Refutes Claims Of Dumping Locked Staking Rewards On Binance This experience introduces more and more people to the world of blockchain and NFTs in an accessible way. However, Sui 8192 is not the only game in town; Sui also hosts other notable titles like the high fantasy action games Abyss World, Cosmocadia, and Orange Comet. Riding The Bullish Trend: SUI Token Climbs To New Heights Sui’s blockchain native token, SUI, is seeing an upward trajectory, with a 10.5% value gain in just a week, leaping from $0.63 on July 10 to a high of $0.72, a near 2% increase in the past 24 hours alone. Simultaneously, the trading volume of SUI has nearly doubled in the past week, escalating from $33 million to a towering $76 million in just 24 hours. SUI’s market capitalization is rising from $426 million to $461 million today. With the steady growth of Sui’s blockchain platform and the rising popularity of its gaming universe, the upward trend of SUI could be more than a temporary spike. Related Reading: ZachXBT Slapped With Defamation Lawsuit For MachiBigBrother Exposé Featured image from iStock, Chart from TradingView