Monday, March 27, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditons
cryptoinfostore
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • RelevantRelevant(REL)$0.780.38%
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
    • Stablecoin
    • Press Release
  • Editor picks
  • Business
  • Blockchain
  • Market Analysis
  • Live Price
  • ICO News
  • Trading
  • Regulation
  • Guide
No Result
View All Result
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
    • Stablecoin
    • Press Release
  • Editor picks
  • Business
  • Blockchain
  • Market Analysis
  • Live Price
  • ICO News
  • Trading
  • Regulation
  • Guide
No Result
View All Result
cryptoinfostore
No Result
View All Result
Home Trading

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

ADMIN by ADMIN
December 23, 2021
in Trading
0
UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon
6
SHARES
47
VIEWS
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Trading & Investing

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

  • AnTy
  • December 23, 2021

In his proposal, Polygon co-founder Mihailo Bjelic said they would commit up to $20 million to incentivize Uniswap adoption.

Leading decentralized exchange Uniswap V3 has been deployed on the Ethereum scaling system Polygon mainnet.

This comes after UNI holders voted to pass a governance proposal for Uniswap v3’s deployment to Polygon. More than 72 million UNI token holders (98.8%) supported the move.

With this deployment, the idea is to bring Polygon’s low fees to Uniswap as increased usage of Ethereum has made the second-largest network very expensive resulting in the pricing out of small users. But now, Uniswap users can swap tokens using the Polygon blockchain.

Polygon co-founder Mihailo Bjelic submitted the proposal on the Uniswap governance forum last month. In his proposal, Bjelic also said that the project would be willing to commit up to $20 million to incentivize Uniswap adoption; $15 mn will be used for a long-term liquidity mining campaign, and $5 mln will go towards the overall adoption of Uniswap on Polygon.

In response, Polygon’s $2.3 billion market cap cryptocurrency MATIC rallied to hit a new all-time high at $2.70 on Wednesday. As of writing, MATIC is trading at $2.53, down 6.2% from its ATH but up 14042% YTD.

UNI also enjoyed a spike in price to now trade at $17, but much like the broad decentralized finance (DeFi) sector, the governance token is down over 62% from its all-time high earlier this year.

This is despite the fact that Uniswap continues to dominate the DEX space, accounting for about 76% of the market share, as per Dune Analytics.

As for the DeFi space, Uniswap has nearly $9 bln of total value locked in it. This TVL reached $10.5 bln at the beginning of the year. Polygon’s DeFi ecosystem meanwhile has $5.27 bln in TVL, about halved from $10.5 bln high in mid-June.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Temperature For Orbeon Protocol (ORBN), Algorand (ALGO) and Litecoin (LTC) Rising  - Crypto-News.net

Temperature For Orbeon Protocol (ORBN), Algorand (ALGO) and Litecoin (LTC) Rising  – Crypto-News.net

January 9, 2023
Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

December 28, 2021

 64 total views,  2 views today

Share2Tweet2ShareSend
Previous Post

Bitcoin's Hashpower Remains High, Up 163% in 5 Months, Foundry USA Commands Top Mining Pool – Mining Bitcoin News

Next Post

Brian Kelly on Bitcoin and Nasdaq correlation: Its a lockstep

Related Posts

Temperature For Orbeon Protocol (ORBN), Algorand (ALGO) and Litecoin (LTC) Rising  - Crypto-News.net

Temperature For Orbeon Protocol (ORBN), Algorand (ALGO) and Litecoin (LTC) Rising  – Crypto-News.net

by ADMIN
January 9, 2023
0

  In the crypto market, both well-known and newly-discovered currencies may become successful. Every bull run has an attention-grabbing...

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

by ADMIN
December 28, 2021
0

Amidst this, another P2E game DeFi Kingdoms (JEWEL), has captured the interest of users, which is not listed on...

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

by ADMIN
December 23, 2021
0

Trading & InvestingBored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly AnTyDecember 23, 2021For the first...

VCs Pour in $30 Billion, A 4x of 2018's High, Into The Crypto Market in 2021

VCs Pour in $30 Billion, A 4x of 2018’s High, Into The Crypto Market in 2021

by ADMIN
December 20, 2021
0

Trading & InvestingVCs Pour In $30 Billion, A 4x of 2018’s High, Into The Cryptocurrency Market In 2021 AnTyDecember...

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

by ADMIN
December 20, 2021
0

Trading & InvestingCrypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions .

  • Trending
  • Comments
  • Latest
Tech Mahindra Partners With Blockchain Firm For Vaccine Tracing

Tech Mahindra Partners With Blockchain Firm For Vaccine Tracing

July 5, 2021
Ethiopian famine victims fundraise with NFTs | CoinJournal

Ethiopian famine victims fundraise with NFTs | CoinJournal

July 14, 2021
MAS and BdF test cross-border CBDC network | CoinJournal

MAS and BdF test cross-border CBDC network | CoinJournal

July 9, 2021
Taiwan to track Covid-19 vaccination using blockchain

Taiwan to track Covid-19 vaccination using blockchain

June 24, 2021
Amazon Explores Crypto, payments, blockchain

Amazon Explores Crypto Payments, Works On Blockchain Roadmap

July 24, 2021
Essential Financial Planning Tips For College Students

Essential Financial Planning Tips For College Students | Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

12
The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World – Featured Bitcoin News

8
China Is Increasingly Mining Bitcoin After Hashrate Falling To Zero

China Is Increasingly Mining Bitcoin After Hashrate Falling To Zero

8
Switzerland Considers, aml, rules, regulator, crypto, atm

Swiss Public Exchange Listed Two New Carbon-Neutral ETPs

7
Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset – Market Updates Bitcoin News

Bitcoin at two week low below $45000

7
gold reserves demand central banks

Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency – Economics Bitcoin News

March 27, 2023
Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager – Featured Bitcoin News

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager – Featured Bitcoin News

March 27, 2023
Crypto-Friendly SVB Acquired By First Citizens Bank At 99% Discount

Crypto-Friendly SVB Acquired By First Citizens Bank At 99% Discount

March 27, 2023
Bitcoin price

Bitcoin Price Volatility Likely Ahead As Liquidity Drops Significantly

March 27, 2023
A Look at the Fed's Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking – Economics Bitcoin News

March 27, 2023

Don't Miss

Where to buy Ethereum: ETH bounces 25% | CoinJournal

Where to buy Ethereum: ETH bounces 25% | CoinJournal

July 26, 2021
Avalanche (AVAX) price surges after AVAX dedicated investment trust launch

Avalanche (AVAX) price surges after AVAX dedicated investment trust launch

May 5, 2022
Crypto Millions On Super Bowl Ads Fail To Increase Downloads

Super Expensive Super Bowl Crypto Ads Fail Miserably; Was It Worth It?

February 15, 2022
IMF Bailout Could Be in UK's Future, Says Strategist

IMF Bailout Could Be in UK’s Future, Says Strategist – Economics Bitcoin News

September 8, 2022
cryptoinfostore

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics, and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency.

Categories

  • Altcoin (1,653)
  • Bitcoin (10,054)
  • Blockchain (503)
  • Business (563)
  • Editor picks (10)
  • Ethereum (7,379)
  • Guide (107)
  • ICO News (19)
  • Litecoin (66)
  • Market Analysis (4,374)
  • Press Release (53)
  • Regulation (595)
  • Ripple (290)
  • Stablecoin (245)
  • Trading (219)

Recent Posts

Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency – Economics Bitcoin News

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager – Featured Bitcoin News

Crypto-Friendly SVB Acquired By First Citizens Bank At 99% Discount

Bitcoin Price Volatility Likely Ahead As Liquidity Drops Significantly

Newsletter

    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditons

    cryptoinfostore.com © 2021 All rights reserved.

    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
      • Litecoin
      • Altcoin
      • Stablecoin
      • Press Release
    • Editor picks
    • Business
    • Blockchain
    • Market Analysis
    • Live Price
    • ICO News
    • Trading
    • Regulation
    • Guide

    cryptoinfostore.com © 2021 All rights reserved.

    • TadpoleTadpole(TAD)$7.32-1.74%
    • SEENSEEN(SEEN)$2.05-2.27%
    • EvedoEvedo(EVED)$0.082301-0.80%
    • MarginswapMarginswap(MFI)$0.184213-2.11%
    • SakeTokenSakeToken(SAKE)$0.0127135.28%
    • WTF TokenWTF Token(WTF)$0.0113500.17%
    • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
    • RobotinaRobotina(ROX)$0.00266138.50%
    • CageCage(C4G3)$0.005010-3.67%
    • RelevantRelevant(REL)$0.780.38%
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.