Uniswap CEO denies allegations of charging for protocol deployments
The response comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
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The response comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
ERC-7683 aims to standardize cross-chain trade execution, enhancing interoperability between decentralized networks.
Crypto meets reality TV in a hit online game just scooped by Uniswap.
In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over [...]
The post UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal appeared first on Crypto Breaking News.
Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities. The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response [...]
The post UNI Price Soars 20% As Uniswap Labs Pushes Back Against SECs Wells Notice appeared first on Crypto Breaking News.
The platform is purpose-built for the crypto industry and was designed to pool resources on current threats and vulnerabilities.
The post Security Alliance launches crypto threat-sharing platform appeared first on Crypto Briefing.
Uniswap Labs has landed the sum of $165 million in Series B funding as it looks to focus on the release of new products (Read More)
The parent company of the most popular decentralized exchange in the world, Uniswap Labs, is preparing for a new $100 million funding round to further expand its services, TechCrunch reported on September 30th. The news comes at an opportune time for Uniswap (UNI), which is also expected to be an emerging crypto-unicorn. Their recent Series […]
Uniswap Labs Ventures seeks to become a catalyst for the new web3 economy by supporting innovative and disruptive firms that are creating new financial applications and concepts. (Read More)
The US SEC is investigating the world’s largest decentralized finance exchange, Uniswap. The move is part of the regulator’s wider efforts to monitor and regulate DeFi projects. (Read More)
According to a recent report, the U.S. Securities and Exchange Commission (SEC) has allegedly started probing the startup that operates the decentralized exchange (dex) Uniswap. The dex platform Uniswap is the largest dex in terms of trade volume with over $10 billion in crypto tokens swapped in the last seven days. Sources from the report… More
The post SEC Allegedly Probes Operators Behind World’s Largest Decentralized Exchange, Uniswap: Report appeared first on BTC Ethereum Crypto Currency Blog.
Uniswap Labs has unveiled a collection of new features designed to refine the trading journey for users of its decentralized exchange (dex). This collection encompasses the Uniswap browser extension, limit orders for precise trading strategies, and advanced data and insights for making well-informed choices. Uniswap Labs explained on Tuesday that the expansion aims to make [...]
The post Uniswap Introduces Wallet Extension and Limit Orders, UNI Jumps 83% in 30 Days appeared first on Crypto Breaking News.
Uniswap (UNI), one of the industry’s largest decentralized cryptocurrency exchanges (DEXs), has set the stage for a major shift in its ecosystem with a proposed upgrade that could have significant implications for UNI token holders. The upgrade aims to bolster governance participation, enhance resilience, and reward token holders for active engagement within the Uniswap ecosystem. Uniswap Takes Big Leap In Governance Uniswap Foundation (UF) Lead Developer Erin Koen, while expressing his enthusiasm, has suggested that it has been the “biggest week in Uniswap Protocol Governance” and revealed a major upgrade proposal for the system. At the heart of the proposed upgrade lies a fee mechanism designed to reward UNI token holders who stake and delegate their tokens. As announced, by actively participating in the governance process, token holders can earn additional rewards in the form of protocol fees. In addition to the enhanced rewards, the proposed upgrade seeks to fortify Uniswap Governance, making it more resilient and decentralized. According to Koen, by increasing the number of actively involved token holders, the governance structure becomes more robust, ensuring that decisions align with the collective interests of the UNI community. The proposed upgrade maintains governance control over core parameters such as fee-charged pools and fee magnitude. Token holders will collectively decide on these critical aspects, allowing for flexibility and adaptability in response to market dynamics. Related Reading: Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds Beyond the immediate benefits, the proposed upgrade holds the potential for long-term value appreciation of the UNI token. By incentivizing participation and aligning token holders’ interests with the ecosystem’s success, Uniswap aims to foster organic growth and adoption. Assuming a successful on-chain vote, the community will have the option to activate fees. Gauntlet, a trusted entity, is reportedly preparing a proposed roll-out process that will be shared on the forum. Only after completing this separate governance process will fees be collected and distributed according to the adopted contracts. Koen further noted: Were excited to invigorate governance incentivizing not only delegation but thoughtful and active delegation by tying delegation to protocol fees. Specifically, we believe UNI token holders will be incentivized to choose delegates whose votes and engagement with the protocol will lead to the Protocols growth and success. If this proposal succeeds we believe we will see an influx of new delegations. UNI Records 23-Month High As these developments unfold, considerable excitement has emerged around the Uniswap protocol. Notably, a cryptocurrency investor named “Virtual Bacon” expressed enthusiasm, stating, “Uniswap finally proposes to share revenue with UNI token stakers. Chart exploding on this ‘proposal’ which hasn’t passed yet.” Within 24 hours, the UNI token witnessed a surge of over 52%, signaling the market’s anticipation of the potential benefits this upgrade could offer token holders. Currently, the UNI token is trading at $11.29. However, with the unveiling of the upgrade proposal, the token quickly surged to the $12.50 level, reaching its highest point in 23 months. The gains over longer time frames have also experienced a dramatic surge. Over the past fourteen days, the UNI token has seen an impressive increase of 73%. Similarly, the token’s value has soared by 94% in the last thirty days. Related Reading: Cardano (ADA) Faces Critical Sell Signal: Crypto Analyst Raises Alarm Overall, should the proposed upgrade be approved and implemented, Uniswap will reinforce its position as a leading DEX and establish a framework that empowers token holders and fosters the continued growth and success of the Uniswap protocol. Featured image from Shutterstock, chart from TradingView.com
Uniswap (UNI), one of the largest decentralized cryptocurrency exchanges (DEX) by trading volume, has made an important announcement regarding deploying its v2 protocol on six additional chains. The chains on which the v2 protocol has been deployed include Arbitrum (ARB), Polygon (MATIC), Optimism (OP), Base, Binance Smart Chain (BSC), and Avalanche (AVAX). Uniswap Widens v2 Protocol Deployment According to a recent post on X (formerly Twitter) by Uniswap Labs, the software product developer working on the protocol, the decision to deploy the v2 protocol on more chains is primarily driven by the desire to simplify the experience for Liquidity Providers (LPs). While the protocols v3 offers advanced features tailored for active liquidity providers, the development team believes the v2 protocol offers a more straightforward approach. By default, v2 pools cover the entire price range, reducing the need for upfront decisions and minimizing the active involvement of liquidity providers. This simplification streamlines the process and makes it more accessible to a broader range of users, according to the announcement. Related Reading: AVAX Slips, Adding Tension To $365 Million Avalanche Token Unlock Drama Another benefit of using the v2 protocol on multiple chains, according to Uniswap Labs, is its cost efficiency. Creating pools on v2 is more gas efficient than other versions, resulting in lower gas costs to add liquidity. This cost reduction can be translated into savings for users, making swaps on the platform incredibly affordable. In addition, the use of v2 on Layer 2 scaling solutions significantly reduces the risk of frontrunning and manipulative practices known as Miner Extractable Value (MEV). Ultimately, by offering an official v2 deployment directly accessible through the Uniswap interface, the developers suggest that users can be assured of a safe and secure environment for their swaps. UNI Price Dip, Platform Metrics Remain Solid Despite the recent developments that could attract investors’ attention and drive broader adoption of the Uniswap protocol, the exchange’s native token, UNI, is currently undergoing a significant correction in line with the overall market trend. Currently, UNI is trading at $7.22, representing a 4.4% price drop in the past 24 hours and a 1.1% decline in the last trading hour. However, it’s worth noting that UNI has been one of the better-performing tokens in the market, with price increases of 14.7% and 16.8% in the past fourteen and thirty days, respectively. Furthermore, according to data from Token Terminal, the Uniswap ecosystem continues to exhibit substantial growth in key metrics. Related Reading: Bitcoin FOMO Hasnt Spiked Yet: Green Signal For Rally To Continue? The fully diluted market capitalization of Uniswap stands at $7.56 billion, reflecting the total value of all tokens if they were fully in circulation. This figure has experienced a notable increase of 18.4% over the past month. In contrast, the circulating market capitalization, which considers the currently circulating tokens, is valued at $6.94 billion, indicating a 19.9% increase over the same period. Despite the overall surge in market capitalization, the trading volume of the UNI token has experienced a significant decline of 69.3% over the past 30 days, amounting to $2.79 billion. The total value locked (TVL), a measure of the value of assets locked within Uniswap’s smart contracts, has also experienced a 14.4% increase, reaching $4.76 billion. Featured image from Shutterstock, chart from TradingView.com
Uniswap Labs has rolled out the mainnet of its layer-2 network Unichain. The launch comes nearly four months after Uniswap’s unveiling of the EVM-compatible L2. Day 1 launch partners include Coinbase and Circle. Uniswap has announced the mainnet launch of Unichain, the decentralized Superchain layer 2 network. The Uniswap Labs team revealed the roll out […]
The post Uniswap Labs announces mainnet launch for L2 network Unichain appeared first on CoinJournal.
Uniswaps new layer-2 blockchain, Unichain, promises significant gains for Uniswap Labs and its tokenholders but could spell losses for Ethereum holders. According to DeFi Report founder Michael Nadeau, Unichain could bring close to $500 million annually in fees to the Labs, fees that would have otherwise gone to Ethereum validators. Unichains launch on October 10 […]
The app chain promises faster and cheaper transactions and cross-chain interoperability, according to Uniswap.
Uniswap Labs, the leading decentralized exchange protocol, is making waves in the cryptocurrency industry with the phenomenal success of its newly launched mobile wallet. In just two weeks since its launch, the Uniswap wallet has witnessed a remarkable surge in popularity, attracting over 20,000 unique users and facilitating nearly $10 million in trading volume. This outstanding response […]
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