Uniswap's price surged above $3.92, supported by rising total value locked (TVL) reaching $3.59 billion and strong protocol earnings of $4.23 million this quarter. Increased trading volume and bullish derivatives data indicate strong buying interest, especially from long traders. However, liquidity clusters below current prices pose downside risks, potentially causing volatility if market sentiment weakens. If momentum holds, Uniswap could push toward $4.18, but a drop to $3.60 support is possible if bearish pressure emerges.
The CoinDesk 20 Index fell 1.4% to 1708.48, with every asset trading lower. Aave (AAVE) and Uniswap (UNI) were the biggest decliners, dropping 2.6% and 2.9% respectively. Ethereum (ETH) and SUI saw smaller declines of 0.6%. This broad market weakness...
Cryptocurrency markets are experiencing mixed price changes, with Bitcoin trading around $62,754, slightly down by 0.21%. Ethereum and several altcoins like Zcash and Velvet have seen notable gains, with Zcash up 12.68% and Velvet surging nearly 25%....
Uniswap set a new record by burning 134,000 UNI tokens within 24 hours using its UNIfication mechanism, which reduces circulating supply and strengthens token value. Following the burn announcement, UNI's price jumped from $4.95 to $9.25 in one week,...
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...
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...
