Uniswap set a new daily record by burning 134,000 UNI tokens under its UNIfication mechanism, reflecting increased fee collection and token burns across multiple blockchains. Hayden Adams, Uniswap's creator, expressed strong bullish sentiment on DeFi and Ethereum, comparing the current market to the 2018 bear market that preceded Uniswap's launch. The protocol recently expanded its fee and burn system to chains like BNB Chain, Polygon, and Celo, increasing its reach to 11 chains and managing $2.86 billion in total value locked. Despite these developments and new product features, UNI's price remains significantly below its all-time high, highlighting ongoing challenges in market recovery.
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
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 ...
