![Can Uniswap [UNI] overtake Ethereum [ETH] on this front?](https://i.headtopics.com/images/2023/2/12/cryptoamb/can-uniswap-uni-overtake-ethereum-eth-on-this-fron-can-uniswap-uni-overtake-ethereum-eth-on-this-fron-1624839002757951488.webp)
Uniswap remained the most profitable DeFi protocol in terms of user fees. With V3 deployment on BNB Chain getting approval, UNI’s price rise looked likely. Uniswap [UNI], the world’s largest decentralized exchange (DEX) in the crypto world, continued to attract users to its fold because of high protocol fees. What’s noticeable is how Uniswap managed […]
getting the go-ahead, Uniswap could expect more liquidity on its platform. The latest version is intended to provide maximum returns to traders and liquidity providers and reduce price slippage.number of daily active users on its platform and Uniswap is expected to grab an even larger share of the existing DEX market.
by Dune Analytics, Uniswap is the undisputed leader of the DEXes, capturing almost 75% of the market share at the time of writing.The growth in Uniswap’s daily active users has significantly picked up over the last three weeks or so. It recently hit its six-month high of 61k, although the trajectory over the last two days was negative.The total value locked has moved steadily, not showing a sharp upward or downward movement of late.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uniswap set to solidify its position as leading DEX; community approves…Community members have voted in support of Uniswap v3 deployment on the BNB Chain. With the deployment, the DEX will benefit from BNB Chain’s large user base. In spite of opposition from its largest investor Andreessen Horowitz (a16z), the deployment of Uniswap v3 on the BNB Chain has been approved by community members, with Wormhole […]
Read more »
Ethereum market weakened, but benefits can be made at these levelsDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ETH was in a bearish structure at press time. Further plunge could be likely if BTC drops below the $21K zone. Ethereum [ETH] plunge could extend if the $1,540 support fails to hold. However, […]
Read more »
Ethereum: Everything you need to know about Shapella mainnet upgradeETH accumulation is on the rise- The number of addresses holding 0.01+ coins increased. Demand from the derivatives market also saw an uptick. Ethereum [ETH] recently revealed in a blog that the Shapella (Shanghai+Capella) mainnet upgrade was entering the final pre-launch phase after extensive testing and development. The new upgrade will include several new features, […]
Read more »
Ethereum Classic rebounds from $20.8, what’s next for the bulls?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $20.4-$20.8 is an area of liquidity. The move downward to hunt stop-losses could see a reversal toward $22.3 and $23.9. Ethereum Classic saw the lower timeframe momentum flip to bearish on 5 February, […]
Read more »
Ethereum: While “sell orders” dominate market, positive sentiment lingersMost ETH traders have taken to distributing their holdings. The positive conviction still lingers as many anticipate the Shanghai Upgrade. On-chain assessment of the Net Taker Volume metric has revealed that following the recent rally in the price of Ethereum [ETH], traders have been exiting the market in large numbers, with the highest volume of […]
Read more »
MATIC overtakes BTC and ETH in key metric: Can its rally continue?Polygon’s price increased by more than 50% in January 2023. MATIC’s NFT ecosystem continued to grow and metrics looked in its favor. Polygon [MATIC] outperformed cryptos with a higher market capitalization, including Bitcoin [BTC] and Ethereum [ETH], in terms of its performance on the price front in January 2023. As per the latest data, MATIC’s […]
Read more »