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Uniswap price, market cap on Coin360 heatmap

Uniswap(UNI)

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$8.4473
(0.12%)
0.00036620 BTC
Market Cap (Rank#17)
$6,298,226,373
273,035 BTC
Vol 24h
$70,609,057
3,061 BTC
Circulating Supply
745,591,171.01
Max Supply
1,000,000,000
1h agocryptodaily
10x During Inflation? Only In DeFi: Uniglo (GLO), Shiba Inu (SHIB), Binance Coin (BNB) Explained

Double-digit inflation currently ravages most economically developed countries and has dominated headlines globally. People have seen their purchasing power drastically reduced, and if they have not seen wage increases in line with inflation, they have taken a significant pay decrease. In this troubled economic time, one sphere continues to develop and grow increasingly fertile: DeFi (decentralised finance). This nascent economic sphere is continuously evolving and increasing its value proposition as it becomes a viable opponent of TradFi (traditional finance) and ushers in a new age of transparent and more equitable finance. The potential for growth in DeFi is incredible, and many investors see huge gains on their investments. Uniglo (GLO), Shiba Inu (SHIB), and Binance Coin (BNB) have been earmarked by several crypto analysts to enjoy serious gains in the coming months. Uniglo (GLO)Uniglo represents a new approach to currency. With inflation destroying the actual value of fiat and market volatility making crypto a highly unstable store of value, the need for a new store of value became glaringly apparent. GLO is a community-owned currency that builds on the strategy employed by the rich to preserve their wealth; asset ownership. Uniglo features buy and sell taxes, 5% goes to the treasury fund to acquire a blend of digital, real-world, and NFT assets to give GLO a stable value-backed floor price, and 2% of each transaction is burnt. This hyper-deflationary token backed by tangible assets is a perfect hedge against inflation. The Uniglo vault will hold stablecoins to protect against volatility, large-cap cryptos to benefit from long-term price appreciation and a selection of high-end physical investments that ordinary investors typically cannot access due to capital requirements. In the prevailing market conditions, the potential for Uniglo to grow is colossal, and this crypto is one of the most exciting prospects for 2022. Shiba Inu (SHIB)Shiba Inu’s native DEX (decentralised exchange) Shibaswap continues to attract increasing amounts of capital, and the other ecosystem tokens, BONE & LEASH, are being used to generate revenue. The SHIB Army are busy earning yields. With promises of a new decentralised stablecoin and a collectable card game soon to be released, this DeFi ecosystem is flourishing. SHIB is undergoing a massive burn event with more than 400 trillion tokens burnt and counting. With a drastically reduced supply, the token’s price is being pushed up and is an excellent choice for investors who want to partake in the lucrative realm of DeFi. Binance Coin (BNB)BNB is the utility token of Binance, the world’s leading exchange ranked by volume, and the native token of the BSC (Binance Smart Chain), the second largest ecosystem within DeFi. This token sits fifth ranked by market cap and is what many analysts call a ‘blue chip’ crypto project. With Binance holding a quarterly burn, the total supply of BNB is decreasing. This token opens the door for the investor to participate in the BSC ecosystem, which hosts PancakeSwap, the most popular DEX by visitor count. Here investors can earn yield with their digital assets, and BNB, trading at $284, will meet its next critical resistance at $336. The bulls are in control, and the next bull market cycle promises incredible gains for BNB holders. Find Out More Here Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
2h agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptopotato
MyCointainer: Earn Rewards Through Crypto’s Piggy Bank
The crypto industry provides multiple opportunities for users to passive income without going through the hassle of day trading. Today, cold staking, crypto cashback, and airdrops are some of the best ways to increase your crypto holdings. These earning methods are increasingly becoming popular among crypto users because of their ease of use. For instance, […]
15h agocointelegraph
'IBC is a serious alternative for secure cross-chain communication,' says Sunny Aggarwal of Osmosis
So far, Cosmos’ IBC seems to have stayed clear of troubled waters.
16h agozycrypto
Diversity and Inclusion Accountability Shifts To The Crypto Industry
The desire to harness the potential of diversity and inclusion has remained a top priority and a critical strategic agenda for many organisations around the world. The same goes for the Committee on Financial Services in the United States House of Representatives, which has diversity and inclusion as a core pillar of the US financial […]
17h agocryptodaily
3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix
Blockchain-based assets like cryptocurrencies have paved the way for seismic shifts in the investment and financial services sector globally. As per Deloitte's 2021 Global Blockchain Survey, around 76% of the respondents claimed that digital assets like cryptocurrencies are likely to either replace or evolve as an alternative for fiat currencies globally over the next 5-10 years. The sentiment is mirrored by the rally in cryptocurrency prices and the launch of new products. Promising benefits like high returns that are immune to external factors, data privacy, and low transaction fees, these assets are disrupting the financial markets with global applications. For rookie investors who are looking for cryptocurrencies that could yield good returns even when crypto prices are going down, Dogeliens (DOGET), Cardano (ADA), and Synthetix (SNX) are good options. Here's a brief description of their key features. Dogeliens combines meme community power with utility In an effort to replicate the success stories of digital goods derived from dog memes, Dogeliens aims to catalyse the cryptocurrency universe with its niche features. Users can look forward to accessing cool DeFi features on the peer-to-peer platform without any interference from third parties. The open-source platform is built on Binance Smart Chain. The decentralized platform also has its own native token, DOGET, that can be used for a host of transactional purposes like staking and yield farming and also to earn rewards and voting rights. Users will be able to purchase it on presale. The platform's unique feature is that it takes a playful and engaging approach to users' experiences, right from amusing names of features to witty references to dogs, the platform is fun galore. For instance, the platform will offer free educational resources and courses to its users on blockchain technology, decentralized finance, and cryptocurrencies via its two initiatives, University of Barkington and Dogeliens Academy. At the University of Barkington, users could enroll themselves in a diverse program to learn everything under the sun about NFTs, DeFi, and blockchain technology. Meanwhile, at the Dogeliens Academy, users will be able to access a well-managed virtual classroom to educate them about cryptocurrencies, their scope and the course content would include informational videos and articles. A few areas of the facility would only be accessible by paying a fee or by token holders, but the majority of the facility would be free to use. The platform aims to donate 3% of the earnings made on each transaction to its charity wallet. At the end of each month, the Dogeliens community members would vote on the charities to which the assets would be sent. Cardano: Empowering developers with high-performance dApps The Cardano platform uses a proof-of-stake consensus protocol to enable its users to deploy scalable dApps. The network has its own native token, ADA, that can be used for staking, yield farming, and a host of other transactional purposes on the platform. Token holders also get to decide on key proposals concerning the platform's future development and how the treasury funds are utilised. ADA Token holders can earn rewards by participation either through their own stake pool or by delegating the task of staking to a third party. The quantum of rewards earned by a user depends on the number of tokens that are staked. Synthetix: Permissionless futures trading The platform enables its users to create synthetic assets with decentralized features and grants them exposure to real-world assets on a blockchain system. This way, investors can look forward to permissionless and hassle-free derivatives trading on blockchains. Users can also leverage Synthetix's liquidity and debt pools to get optimal prices with little scope for slippage. Synthetix members can use its native token, SNX, for any transactional purpose that they might encounter on the platform. Investors can earn weekly rewards and collateral with their staking activities. Dogeliens (DOGET) Presale: http://ufo.dogeliens.io/ Website: http://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
17h agocryptodaily
Iran Places Its First Crypto-Funded Import Order
Iran has made its first official import order using cryptocurrencies, according to a report by Reuters. A move like this could enable the Islamic Republic to circumvent U.S. sanctions that have left its economy crippled. The order, reported to be worth $10 million, was taken as a first step towards allowing the country to trade via digital assets that bypass the dollar-dominated global financial system, and to allow it to trade with other countries that are similarly limited by U.S. trade embargoes such as Russia. It has not been made clear which cryptocurrency has been used in the transaction. An official from the Ministry of Industry, Mine and Trade said on Twitter, By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries. Iran has been subject to an almost total economic embargo from the U.S. including a ban on all imports, including those from the country’s oil, shipping and banking sectors. Tehran, Iran’s capital city, is one of the largest economies yet to embrace cryptocurrency technologies. However, a study conducted last year found that 4.5% of all bitcoin mining takes place in Iran due to the country’s cheap electricity. Cryptocurrency mining could help the country earn hundreds of millions of dollars that can be used to mitigate the impact of the U.S. trade sanctions. In 2019, the government legalised cryptocurrency mining in the country, and it still strictly regulated the sector. It cracked down on local miners last year over its energy use. Earlier this week, the European Union said it put forward a “final” text to revive the 2015 Iran nuclear deal following four days of indirect talks between the U.S. and Iranian officials. Under this agreement, Iran agreed to curb its nuclear program in return for relief from U.S., EU, and U.N sanctions. Former U.S. President Donald Trump however reneged on the deal in 2019 and restored harsher U.S. sanctions, prompting the capital to violate the agreement’s nuclear limits less than a year later. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17h agocryptodaily
The Ultimate Guide To Zompot (ZPOT)
There is a new cryptocurrency in town that has been piquing people’s interest, Zompot (ZPOT) is all the rave, but what exactly is this token all about? What is Zompot (ZPOT)? The Zompot (ZPOT) project is built on the Binance Smart Chain infrastructure. It was created to provide its users with opportunities that are secure and multi-optional. Zompot (ZPOT) being built on the BNB smart chain gives it the advantage of a stable and reliable network with cheaper transaction fees. This is a project based on the use of sound strategy and planning with adequate preparation. When using Zompot, you can be certain that your investments are protected from inflation while being on a well-secured platform that also provides fast, secure and flexible transactions. Zompot (ZPOT) will protect its users from the shortcomings that are common in traditional financing. Not only is it good for the blockchain industry, but it was also created to be compatible with the Metaverse. The Zompot (ZPOT) Project also aims to assist businesses in countries that are dealing with the negative effects of some factors in the blockchain world. What Can You Expect From The Zompot (ZPOT) Ecosystem? There are a few things you can expect from the Zompot (ZPOT) ecosystem, one of which is; Security: The cryptocurrency space has experienced the loss of a large sum of money between the time span of 2018-2022, and these are just the incidents that are accounted for. The primary reason for these incidents was the result of hackers that were able to find a way to bypass the safety systems that otherwise surround the blockchain world, but with Zompot, security will be one of the main focuses of the network so the users can safely assume that their assets are being protected. Privacy: The blockchain technology can sometimes be vulnerable to a breach of privacy, with transactional details being leaked because of how visible it is to the public, this leads to user information and data being mishandled or misused but with Zompot, that is something that will be paid extra attention to, so the users of Zombot are apparently safeguarded. What Is The Main Purpose of Zompot (ZPOT)? It is no news that crypto is often a victim of volatility due to its original design and the way the cryptocurrency market operates. This can trigger multiple effects that affect the market, inflation is one of the most common and dangerous one. Zompot (ZPOT), however was created with the use of blockchain technology to combat the challenges that are currently being faced. It was built with the lofty intent of beginning a new world era in both currency and fiat. Zompot's (ZPOT) main goal is to solve the issue of security and privacy in the blockchain industry by providing users with a transparent version of all their transactions. Zompot has claimed that it has found a way to create a secure world for people involved in the blockchain industry and while it is a very promising token, it is still important to do your due research about it should you have any interest in purchasing it. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
18h agocointelegraph
Reddit partners with FTX to enable ETH gas fees for community points
With the new integration, Reddit users will be able to purchase Ether from supported Reddit apps via FTX’s payment and exchange infrastructure platform FTX Pay.
18h agocryptodaily
Invisible College and Nas Academy Leverage NFTs As An Admission Pass To Web3 Courses
Non-fungible tokens can provide tremendous utility to those owning these assets. Nas Academy and Invisible College take this concept further into the mainstream. Its new set of courses can be unlocked with an NFT collection, providing access to over $2,000 in educational material. Accessing Courses With An NFT Collection Enrollment in courses and educational content has become normal, even if technical issues may arise from time to time. Sometimes, users and students might not be able to access the content due to login issues, the system not deeming one eligible for access, etc. Those concerns can be circumvented by tokenizing access to courses through non-fungible tokens. More specifically, Nas Academy, the creator tech platform, will conduct an interesting test on that front. With the help of Invisible College, the team will let Decentraliens NFT collection holders access over $2,000 worth of course material. The educational tools will span various topics, including NFT investing, video editing, and crypto fundamentals. It is another solid example of how NFTs can unlock utility and offer quality of life improvements. Nas Academy CEO Nuseir Yassin explains: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Such a hands-on experience with web3 technology will put non-fungible tokens at the center of attention. Although the idea of using NFTs as a standard for content ownership and accessibility isn't new, it has yet to be implemented on a large scale. Invisible College members with a Decentralien NFT will explore this new frontier spanning nearly two dozen web3 and creator courses accessible through Nas Academy. Web3 And Education Make A Powerful Combo As the hype and enthusiasm surrounding web3 continue to reach peak levels, it is an excellent time to focus on the educational side of the spectrum. An exciting technology stack is always interesting, but ample use cases must exist. The partnership between Invisible College and Nas Academy confirms those use cases will come to market. Invisible College Co-founder Nick deWilde adds: “Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality." Both parties will deepen their collaboration by onboarding leading web3 instructors to create additional educational content for the platform. Ultimately, Invisible College wants to position itself as the biggest web3 learning library on the world wide web, across both the web2 and web3 iterations. Using NFTs as an "admission pass" for education is a very exciting frontier and the opportunities are virtually limitless. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
19h agocointelegraph
Blockchain and NFTs are changing the publishing industry
Traditional publishers are using NFTs to build communities and engage with audiences.
20h agocryptodaily
Celsius CEO Under Investigation By Creditor Committee
The Celsius creditor committee has stated that it will be investigating the conduct of CEO Alex Mashinsky and other insiders. Committee To Investigate Celsius Debacle On July 27, the U.S. Trustee appointed the Official Committee of Unsecured Creditors for the bankrupt crypto lender Celsius Network. In its first official statement released on Monday, the committee revealed its intentions to conduct in-depth investigations into CEO Alex Mashinsky and other Celsius insiders on the grounds of problematic asset deployment decisions, prepetition transfers, and other issues. The seven individuals and institutional representatives who constitute the committee are Caroline G. Warren, Thomas DiFiore, ICB Solutions, Christopher Coco, Andrew Yoon, Mark Robinson, and Covario AG. They all hold digital assets in the Celsius platform and are highly motivated to maximize recoveries for all account holders and unsecured creditors. Celsius CEO’s Suspicious Behavior Mashinsky has been under a lot of fire for not being upfront about the conditions of the Celsius platform. However, as pointed out by the committee statement, he had continued to reassure customers about the stability of the Celsius platform even at the brink of bankruptcy. In fact, days before announcing bankruptcy, Mashinsky had claimed that the platform was successfully processing withdrawals, as it had more than sufficient reserves to support its operations. He also reassured the customers that all funds were well-protected on the platform under robust risk management frameworks. Barely a week later, Celsius paused all withdrawals, claiming a lack of liquidity. A month later, the company filed for bankruptcy. Committee Objectives In its statement, the committee declared that it had five main objectives, including the investigation of Celsius. It stated, “The Committee intends to thoroughly investigate the prepetition conduct of Mashinsky and other Celsius insiders, including the problematic asset deployment decisions, prepetition transfers, and other issues. The Committee has already started this investigation and will work to ensure causes of action against Mashinsky and others are preserved and prosecuted for the benefit of the Debtors’ estate and the Committee’s constituents.” Its other objectives include safeguarding account holders’ funds, overseeing the development of a viable business plan to preserve cash reserves, exploring strategic options to reorganize or sell the business, and establishing a clear line of communication with stakeholders. The committee has also set up a Twitter account to update the community on regular basis and will be engaging Kroll Inc. as its independent information agent. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
20h agocoindesk
Reddit Expands Community Points Offering With FTX Pay Integration
Social media website Reddit has integrated with FTX Pay to enhance its community points offering.
22h agocryptodaily
Crypto Daily - Crypto and Financial News 09/08/2022 US sanctions 'Tornado Cash' for laundering crypto funds for North Korea.
In Todays Headline TV CryptoDaily News: US sanctions 'Tornado Cash' for laundering crypto funds for North Korea. The US is sanctioning Tornado Cash, an Ethereum “mixing” service, for allegedly helping North Korea launder millions of dollars stolen in cryptocurrency hacks. Hackers tapped Tornado Cash to launder some of the funds stolen from the $622 million Ronin Network hack back in March. Chainlink confirms support to The Merge but not Ethereum hard forks. Chainlink, the decentralized node network that utilizes oracles to offer data from off-chain sources to blockchain smart contracts, confirmed it would support Ethereum's transition to proof-of-stake or The Merge, but not its proof-of-work hard fork. Crypto investment risks rising, but virtual technology still worth cultivating. The crypto trade bubble may burst, but the technology applications and innovation trends behind it will not. Basic technology developments such as AI, cognitive technology, blockchain infrastructure, and virtualized visual technology are still worthy of commitment. BTC/USD skyrocketed 3.0% in the last session. The Bitcoin-Dollar pair exploded 3.0% in the last session. The RSI is giving a positive signal. Support is at 22577.3073 and resistance at 23697.3073. The RSI is currently in the positive zone. ETH/USD exploded 3.8% in the last session. The Ethereum-Dollar pair skyrocketed 3.8% in the last session. The MACD is giving a negative signal. Support is at 1639.9767 and resistance at 1759.1167. The MACD is currently in the negative zone. XRP/USD skyrocketed 1.8% in the last session. The Ripple-Dollar pair skyrocketed 1.8% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.3637 and resistance at 0.3812. The Stochastic indicator is giving a negative signal. LTC/USD exploded 2.7% in the last session. The Litecoin-Dollar pair rose 2.7% in the last session after gaining as much as 4.9% during the session. The Stochastic-RSI is giving a positive signal. Support is at 58.931 and resistance at 63.091. The Stochastic-RSI is giving a positive signal. Daily Economic Calendar: US Unit Labor Costs The Unit Labor Cost shows the total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation. The US Unit Labor Costs will be released at 12:30 GMT, the US NFIB Business Optimism Index at 10:00 GMT, and the US Redbook Index at 12:55 GMT. US NFIB Business Optimism Index The NFIB Business Optimism Index results from Small Business Economic Trends data collected quarterly surveys since 1974 and monthly surveys since 1986. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. JP Machine Tool Orders The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese economy. Japan's Machine Tool Orders will be released at 06:00 GMT, Japan's Producer Price Index at 23:50 GMT, and the UK's 30-y Bond Auction at 09:30 GMT. JP Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. UK 30-y Bond Auction The auction sets the average yield on the bonds auctioned off. Bond market investors set yields, which can be used to estimate investors' outlook on future interest rates. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22h agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
23h agocoindesk
Bitcoin Miner CleanSpark Buys 36MW Facility and 3,400 Machines in Georgia for $25.1M
The Las Vegas miner continues to snatch up opportunities in a market ripe for mergers and acquisitions.
23h agocryptodaily
North Korea is using crypto hacks to fund nuclear arms program
The US is becoming increasingly worried that North Korean hackers are helping to fund their country’s nuclear weapons program. A UN report found that North Korean hackers stole more than $50 million in digital assets between 2020 to 2021. According to a report on The Charlotte Observer on Tuesday, up to a third of stolen crypto funds are being used to fund the North Korean missile program. Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technology, who was quoted in the report, said: "That's a major issue, whether it's attacks against cryptocurrency exchanges or use of information technology workers in various countries." The UN report stated that crypto hacks were targeted at cryptocurrency exchanges in North America, Europe, and Asia. A previous report on the situation from 2019, outlined that North Korea had managed to raise $2 billion from very sophisticated cyberattacks aimed at banks and crypto exchanges. More recently, in April of this year, the FBI said that the sanctioned North Korean hackers known as the Lazarus Group were responsible for the $620 million hack of play-to-earn crypto game Axie Infinity. It seems that North Korea has mainly targeted cryptocurrency platforms given that regulations are still mostly lacking, and new projects are launching all the time with code that is sometimes not audited or has not been tried and tested. According to Jenny Jun, a political science Ph.D. student at Columbia University, North Korea was using its cyber capabilities for “political and economic espionage”, and that it was carrying out coercive and intimidating tactics in order to ensure the “survival and continuation of the Kim family rule”. Jun stated: "Even before the [emergence] of cybercrime, North Korea maintained an extensive illicit network to generate foreign cash, which was controlled by the Kim family to placate a small circle of elites, engage in repression and also pursue expensive weapons programs such as missile and nuclear programs," The Biden administration is countering the North Korean threat in cyberspace, and is working closely with other actors in the region such as South Korea and Japan in order to respond to the threat. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocoindesk
Korean Blockchain Project Klaytn Commits $20M to Asian Universities for Blockchain Research
The funding will to support industry research at two of Asia’s highly ranked technology schools.
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About Uniswap

The live price of Uniswap (UNI) today is 8.4473 USD, and with the current circulating supply of Uniswap at 745,591,171.01 UNI, its market capitalization stands at 6,298,226,373 USD. In the last 24 hours UNI price has moved -0.352 USD or -0.04% while 82,193,050 USD worth of UNI has been traded on various exchanges. The current valuation of UNI puts it at #17 in cryptocurrency rankings based on market capitalization.

Learn more about the Uniswap blockchain network and how it works or follow the price of its native cryptocurrency UNI and the broader market with our unique COIN360 cryptocurrency heatmap.

The Uniswap protocol is one of the most popular open-source, Decentralized Exchanges (DEX) in the crypto ecosystem. Unlike Coinbase and Binance, Uniswap allows users to buy and sell cryptocurrencies without having centralized control over the platform.

The project was created by Hayden Adams, a former mechanical engineer at Siemens with v1 of the protocol going live in November 2018. Subsequently, v2 was launched in May 2020 and v3 in May 2021, allowing direct swaps between any Ethereum ERC-20 tokens and introducing new options to allocate liquidity. 

In September 2020 Uniswap created and awarded its own governance token, UNI, to past Uniswap users. The protocol airdropped 400 UNI tokens to any one who had used Uniswap even once until then, and additional tokens were awarded to users who had provided liquidity to the protocol. At the peak price of UNI, the Uniswap airdrop was worth over $17,000.

Over the years, Uniswap has become a cornerstone of the crypto trading space, accounting for the majority of the decentralized trading volume. Continued improvements to the protocol aim to lower gas fees, improve liquidity provision and enhance the user experience.

UNI price

According to our UNI live price chat, UNI price saw its first bull run in Q1 of 2021 when its price soared from $3.2 on Dec. 12, 2020 to around $48 by May. 5, 2021, marking a whopping gain of 1400%+, setting an all-time high in the process and putting the token's fully diluted valuation at $48 billion. However, this rally came to a halt as the broader crypto market crashed in May 2021, with coins like BTC and ETH witnessing a significant drop in price. 

This bearish sentiment continued for the next couple of months with UNI dropping as low as $12 in May 2021, a drop of -72% from its all-time high in May, in just 18 days. Its competitor's Balancer (BAL) and Curve (CRV) witnessed similar outcomes as both followed in line with the market’s bearish sentiment.

Despite the considerable drop in price, Uniswap set in motion a new rally in Q3 of 2021 as the market sentiment turned bullish. The token climbed from $16 in June to $33 in September 2021, gaining over 100%. Nonetheless, the token failed to carry this momentum forward as the crypto market showed signs of volatility again, crashing in Q4 of 2021 and continuing to tailspin as it entered 2022. 

In spite of failing to register any noteworthy pumps during the end of 2021, UNI cryptocurrency managed to close 2021 with a gain of just above 460%. UNI continues to be one of the more popular decentralized exchanges (DEX) trading tokens out there compared to PancakeSwap (CAKE) and SushiSwap (SUSHI).

How UNI works

Built on the Ethereum blockchain, the Uniswap platform uses smart contracts to facilitate the trading of digital assets like any basic exchange, but in a decentralized manner. Rather than using a central order book like traditional exchanges, Uniswap instead uses a collection of liquidity pools, where liquidity providers (LPs) contribute to the Uniswap pool by locking in two ERC-20 assets in a smart contract, for instance, DAI and ETH. Users can then trade directly against the assets in the pool by paying a fee that is distributed to all liquidity providers based on their contribution to the pool.

With high trading volumes, it is necessary for Uniswap to ensure that overall reserves in liquidity pools are in equilibrium. To keep an acceptable ratio in pools, prices are set automatically using the combination of smart contracts and the (x*y=k) market maker formula. Here x and y are the liquidity pool balances for each token, and k is the constant price.

Uniswap charges a small fee for each trade made on the network, increasing the total liquidity in a pool, while giving newly minted UNI tokens to liquidity providers, making the system ever so profitable for them. With each trade having a fee, this increases the liquidity in pools, resulting in users who make the same exact trade getting a moderately worse trade rate, keeping the system in balance.  

It is worth noting that anyone can list a token on Uniswap, as long as there is a liquidity pool for traders and the listed token is on the Ethereum blockchain.

UNI news, updates, and highlights

In September 2020 Uniswap became the first decentralized exchange (DEX) to push past $1 billion in daily volume over a period of 24 hours, amid yield farming and vampire attacks. Uniswap V2 was ranked as the third-largest exchange on CoinGecko, behind Binance which had a trading volume of above $6 billion, and OKX with $1.10 billion in daily trades at that time, respectively. This sudden yield farming saw Uniswap emerge as the top decentralized finance (DeFi) protocol in the space.

The Uniswap community, in October 2020, voted on its second-ever governance proposal to distribute 5 million UNI tokens via airdrop to users who interacted with the decentralized exchange (DEX). Uniswap, one of the top DeFi platforms out there would issue 400 UNI tokens each, to 12,619 wallet addresses allocated to users of MyEtherWallet, Dharma, Nuo, Monolith, and many more, if the proposal went through. The proposal was put forward by Dharma, a Compound-based lending and savings protocol, claiming its users felt left out by the opening distribution.

Uniswap v3 was launched in May 2021, with rumors emerging of a DeFi rally as the protocol's total value locked (TVL), boomed from $13.7 million $8.5 billion at the time. Uniswap main emphasis for v3 was concentrated liquidity, flexible fees, and advanced oracles while promising new advanced features and options for yield generation. 

On Sep. 3, 2021, The United States Securities and Exchange Commission (SEC) was reported to be investigating Uniswap according to The Wall Street Journal. The SEC had initiated an investigation into Uniswaps developer, Uniswap Labs, looking for information regarding the company's marketing and investor services. Since then, hype around the project has remained muted.

Frequently asked questions about UNI

  • Can you mine or stake UNI?

You cannot mine UNI since it is not a proof-of-work token, but you can stake UNI tokens into Uniswap’s liquidity pools to earn a passive income. 

  • What are some of the best UNI wallets?

UNI is an ERC-20 token which means it can be stored on any Ethereum-supported wallet. Uniswap does not have its own wallets but you can use MetaMask, MyEtherWallet, and Atomic Wallet. However, if you are more interested in cold wallets then Ledger Nano S and Trezor One are fantastic options.

  • What can you do with UNI?

Users can use their UNI tokens to vote on governance proposals, stake their tokens in Uniswaps liquidity pools to earn a passive income or trade them against other cryptocurrencies like BTC and ETH.

  • How to buy UNI?

Uniswap (UNI) can be bought by exchanging your BTC, ETH, and USDT through exchanges like HitBTC and OKX or by using fiat currency with on-ramp services. You can also simply use Uniswap’s own protocol services to swap any ERC-20 tokens you might have for UNI and vice versa.

Uniswap Price8.4473 USD
Market Rank#17
Market Cap6,298,226,373 USD
24h Volume70,609,057 USD
Circulating Supply745,591,171.01 UNI
Max Supply1,000,000,000 UNI
Yesterday's Market Cap6,298,260,500 USD
Yesterday's Open / Close8.7993 USD / 8.4473 USD
Yesterday's High / Low8.8507 USD / 8.1699 USD
Yesterday's Change
-0.04% ( 0.352 USD )
Yesterday's Volume82,193,050 USD
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