Uniswap Unfazed By Bear Market Scare, Buys NFT Marketplace Aggregator Genie
Uniswap Labs, one of DeFi’s most prominent decentralized exchanges, has acquired an NFT marketplace aggregator for an undisclosed amount, a bullish move in the current crypto market turmoil. Uniswap Labs said Tuesday that it has acquired NFT marketplace aggregator Genie. This acquisition will allow the decentralized crypto trading protocol to further integrate NFT (non-fungible token) […]
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Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition. Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform.Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In the spring of 2019 it launched Unisocks which....
Due to the increased valuation of Uniswap to $1.66 billion, UNI has gained 14.2 percent in the past day. Hayden Adams, Uniswap’s founder, has announced an important upgrade to the decentralized exchange on the company’s official blog. As of this writing, UNI is trading at $6.28, down 8.6 percent in the last seven days, data from Coingecko show, Friday. Polychain Capital’s most recent funding round is largely responsible for the increase in valuation. Existing investors such as Paradigm, Variant, SV Angel, and a16z crypto also took part in the Series B investment round.....
El Salvador’s president and Bitcoin fanatic, Nayib Bukele, doubled down on his country’s sinking investment in the cryptocurrency by purchasing more than $1.5 million more on Friday. The Central American nation hogged the headlines last year when it became the first nation to recognize bitcoin as legal cash. El Salvador has also been purchasing Bitcoin, most […]
The popular crypto-data aggregator CoinMarketCap launched a feature integrating Uniswap that facilitates Ethereum token swaps. The network integrated with Uniswap to achieve this feat, and according to the team, they’ll add more networks and decentralized exchanges. 🚀 We're incredibly excited to see Uniswap integrated natively into @CoinMarketCap 🔥 Token pages now have a "Swap" icon […]
Using 1inch’s new aggregator saves gas over using Uniswap or other DEXs directly. The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.The Aggregation Protocol calculates the most profitable trade for a given token and size of the order, potentially splitting a large order into several chunks across several decentralized exchanges. Previously, the tool was mostly useful for wealthy traders for whom slippage was an important factor when trading in....