UniSwap V3 Goes Live on Ethereum Mainnet: Is UNI Due for a Surge?
After months of waiting, decentralized finance protocol Uniswap announced that its V3 mainnet launch was live. Originally unveiled back in March, Uniswap’s third iteration aims to provide a more capital-efficient on-chain exchange through its latest feature of concentrated liquidity. Concentrated Liquidity In Uniswap V2, liquidity providers (LPs) were limited in that they had to adjust […]
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DeFi users appear to be choosing Arbitrum over Optimism for scaling as Uniswap’s layer-two volume presses into record highs. The world’s most popular decentralized exchange, Uniswap, is seeing layer two volumes surge as Ethereum transaction fees surge once again.On Oct. 19, Uniswap founder Hayden Adams tweeted that daily volume across v3 deployments of the decentralized exchange on layer-two networks has pushed into record levels. Adams estimated that Uniswap v3 processed an unprecedented $115 million in combined daily volume across the Arbitrum and Optimism networks without providing a....
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI. Decentralized exchange (DEX) Uniswap has overtaken its host blockchain Ethereum in terms of fees paid over a seven-day rolling average.The surge appears part of a recent spate of high demand for DeFi amid the current bear market. Decentralized finance (DeFi) platforms such as AAVE and Synthetix have seen surges in fees paid over the past seven days, while their native tokens, and others such as Compound (COMP) have also boomed in....
Hyperdex, a decentralized finance (DeFi) platform, has announced the launch of its mainnet, following months of developments, third-party audits, and upgrades. The mainnet is expected to introduce new trading strategies on the platform, giving users more opportunities to easily make returns in the DeFi ecosystem. Having gone live this Wednesday, the mainnet introduces three major […]
The Ethereum Foundation continues to edge closer to the transition to the proof-of-stake (PoS) model. On Monday, Ethereum’s first mainnet Shadow Fork went live. The purpose behind this is to primarily conduct a stress test on the existing assumptions about the testnets, and mainnets to understand how seamless the shift to a PoS consensus will […]
More than $1 billion in fees have been generated for Uniswap’s liquidity providers since its November 2018 launch. Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers.On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter showing that the combined fee revenues of Uniswap’s v2 and v3 Ethereum mainnet deployments have surpassed $1 billion.Including the fees generated by both Uniswap v1 and its v3 deployment on Optimism, Outumuro....