On June 1, Uniswap (UNI) declined 2.30%, falling below the crucial $3.02 support level that had held since February. This drop occurred amid intensified bearish sentiment, driven by significant whale selling and a Long/Short Ratio of 0.91 indicating more bearish bets. Despite increased trading volume, UNI remains in a downtrend below its 200-day EMA, suggesting potential further declines unless it recovers above $3.02. Key liquidation levels at $2.91 and $3.09 show stronger conviction among sellers, pointing to continued downside risk in the near term.
Uniswap has launched a community vote on a proposal to introduce a sustained UNI token burn mechanism funded by protocol fees. If approved, fees generated from trading on Robinhood Chain and other chains will be deposited into TokenJar accounts, allo...
USDG, a stablecoin issued by Paxos, has rapidly grown on Robinhood Chain, doubling its liquidity on Uniswap to over $8.5 million within a week of the chain's launch. Robinhood Chain, a Layer 2 network based on Arbitrum, launched its public mainnet on...
Uniswap is generating over $5 million in daily fees, largely fueled by the Robinhood Chain, which recorded $500 million in daily Uniswap trading volume within eight days of its July 1 launch. This surge makes Robinhood Chain the second-largest networ...
Uniswap has reached $5.2 million in daily fee generation, largely due to the Robinhood Chain, which launched on July 1 and contributes $4.38 million of the total fees. The Robinhood Chain saw a 20-fold increase in decentralized exchange trading volum...
Uniswap's daily fees surged to about $5.2 million, with Robinhood Chain contributing roughly $4.38 million, surpassing Ethereum and Base. This marks a significant shift in trading activity towards new networks shortly after Robinhood Chain's July 1 l...
