Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on March 23, 2021, 09:55:46 PM
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UNI, the governance token of Uniswap, the most widely utilized automated market maker (AMM) in DeFi, has surged significantly after the launch of Uniswap V3 on March 23. At just over $35 per token, UNI has gained nearly 23% in the past week
The Uniswap team said:
"Today, we are excited to present an overview of Uniswap v3. We are targeting an L1 Ethereum mainnet launch on May 5, with an L2 deployment on Optimism set to follow shortly after."
With a market capitalization of $17 billion, it has surpassed some major perennial altcoins such as Litecoin (LTC), putting UNI right under XRP whose market cap is over $25 billion. Investors and DeFi analysts say that the release of Uniswap V3, which essentially is the third version of Uniswap, would likely cause a DeFi and Uniswap "boom."
The pseudonymous investor known as "Johnny" wrote:
"In my opinion once $UNI v3 comes out and $ETH 2.0 comes out we will see a larger Uniswap boom than we saw in the summer. The plan is to starting planting your seeds now before it happens" Source (https://cryptonews.net/496184/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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I always see the latest information about Uniswap, the UNI price which reaches $35 is a good teamwork process and great support from community members, Uniswap will also support the Dex rollup proposal which was recently discussed by Vitalik. If the ETH2.0 mainnet works well, then we will see another good performance of the Uniswap exchange which we will see in the future.
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Uniswap's popularity has plummeted. Because it takes 60$ fee to swap some amount of money. I think it's a big deal for a small amount. So it is already advisable to list most of the projects on other platforms and exchanges. ETH is creating tokens on other platforms by changing platforms.
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UNISwap Exchange has a lot of popularity. But it is very foolish to trade in small amounts on this exchange because this exchange charges a minimum transaction fee of $40 to $50. It is possible to make a profit if many dollars are transacted on this exchange. Otherwise, the network fee will not rise by transacting a small amount of dollars.
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UNISwap Exchange has a lot of popularity. But it is very foolish to trade in small amounts on this exchange because this exchange charges a minimum transaction fee of $40 to $50. It is possible to make a profit if many dollars are transacted on this exchange. Otherwise, the network fee will not rise by transacting a small amount of dollars.
As uniswap v3 will come with the layer2 solution which means, the transection fee will be lower than the regular auction fee system. BTW, EIP1559 (Ethereum Improvement Proposal 1559) will be done in June which is also a great news for those small hodlers who want to trade their tokens on uniswap. So, let's just wait for a few months to get rid of this current problem. ;)
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I can't wait for the launch of uniswap v3 promises juicy news such as the deduction of fees for swaps and the possibility of providing liquidity with a single coin, just hope it keeps its promises