UniSwap fights back as competitors drain value from the DEX
Even as incentives continue to dry up on UniSwap, TVL across the board seems to have remained steady. Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain. During Q3 2020 alone, the DeFi market ushered in significant growth for many stablecoins compatible with Ethereum (ETH), such as MakerDAO’s Dai.According to information released by crypto market data aggregator Messari, the overall supply of the Dai stablecoin increased by a mammoth 623% during Q3, propelling the....
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Roughly 28 months ago, the decentralized exchange (dex) Uniswap version one (v1) was released and then in May 2020, version two was launched with new features. The dex is by far the largest decentralized trading platform among its competitors, as the exchange swapped $7.1 billion during the last seven days. On March 23, Uniswap launched version three, which features new elements like concentrated liquidity, advanced oracles, and multiple fee tiers. Developers Reveal Uniswap v3 When the cryptocurrency space was still young back in the early days, decentralized trading platforms were merely....
After the release of Uniswap v2 in May 2020, several competitors for the DEX emerged, forking its codebase, launching new incentives, and their own governance model to attract users. Sushiswap is perhaps the most important. To prevent something similar, the third iteration of the automated market maker will be released with a Business Source License […]
The goals and development of SushiSwap and Uniswap are diverging as each exchange’s governance token reaches new all-time highs. Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher.Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in terms of activity on the platform, total value locked, and the price of its SUSHI governance token. A recent report from Delphi Digital took a closer look at the two projects and broke down the fundamental differences in the way....
Uniswap was back in the green on Monday, as the token rebounded from two days of consecutive declines. The move saw prices climb towards a resistance level of $6.70, which has been in place since late August. Maker was also in the green, climbing by nearly 5% in today’s session. Uniswap (UNI) Uniswap (UNI) was a notable mover on Monday, as the token rebounded following a string of back-to-back declines. Following a bottom of $6.21 on Sunday, UNI/USD surged to an intraday peak of $6.53 earlier in today’s session. The move saw uniswap move close to a key resistance point of....
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 […]