Uniswap

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Uniswap was launched in November 2018 as a proof of concept for automated market makers (AMMs). Hayden Adams is the inventor of the Uniswap Protocol and CEO at Uniswap Labs. 

Uniswap is a decentralized exchange (DEX) built on Ethereum that uses an automated market-making infrastructure to let traders, developers, and liquidity providers participate in a secure marketplace. 

AMMs allow for automatic and permissionless trading that removes the need for the traditional broker-dealer model that matches individual buy and sell orders. This system enables users to pool together assets that participants trade against. 

AMMs aim to solve the challenge of illiquidity previously faced by decentralized exchanges by creating liquidity pools and incentivizing liquidity providers to supply their assets into the system. 

Uniswap's maximum supply is 1 billion UNI. More than 627 million UNI are in circulation as of December 2021.

Uniswap is the leading DEX by volume, with a nearly 80% market share of weekly DEX volume as of Nov. 29. 2021, according to Dune Analytics. The nearest rival is Sushiswap with its 11% share. 

Despite the gap in trading volume, there is a long list of competitors in the DeFi space. Notable rivals to watch include Curve, Sushiswap, Pancakeswap, and more. 

The attacker enticed users with a fake Uniswap airdrop message.

Uniswap User Loses $8M Worth of Ether in Phishing Attack

After gaining access to Uniswap LPs via a malicious airdrop contract, hackers stole more than 7,500 in Ethereum.

Hackers Nab $8M in Ethereum via Uniswap Phishing Attack

On Monday, a hacker reportedly stole from a wallet that was believed to be a liquidity provider on Uniswap. The post Uniswap liquidity provider hacked for $8 million in phishing attack appeared first on The Block.

Uniswap liquidity provider hacked for $8 million in phishing attack

Binance CEO Changpeng Zhao ("CZ") sent a tweet on July 11 alarming the Twitter Inc (NYSE: TWTR) community of a potential exploit on Uniswap (CRYPTO: UNI). What Happened: Uniswap is among the original DeFi applications on Ethereum (CRYPTO: ETH).

Binance CEO CZ Tweets About Uniswap V3 Threat: Was It Hacked? Well, Not Really

Tezos

XTZ was a notable mover in the crypto top 100 on Monday, as prices rose towards a three-week high to start the week. Prices collided with a key resistance level during the move, and this came as UNI continued to trade above a ceiling of its own.

Biggest Movers: XTZ Nears 3-Week High, UNI Remains Close to 2-Month High

Uniswap (UNI) is in an uptrend as the price has risen above the moving average lines. The cryptocurrency is making a huge push towards the previous highs as the bulls break through the resistance at $5.70.

Uniswap Rises Tremendously as It Scaled Above $5.70 Resistance

The price of Uniswap (UNI) has resumed its sideways movement after failing to break the $6 resistance zone. The cryptocurrency has pulled back above the 21-day line SMA, but below the 50-day line SMA.

Uniswap Continues Upward Movement as Buyers Reenter Above $4

Avalanche

Solana

A closely followed crypto analyst says five large-cap altcoins are starting to flash signs of strength as Bitcoin (BTC) attempts to carve a bottom. Nicholas Merten tells his audience of 516,000 YouTube subscribers that a shift in altcoin markets is beginning, with Bitcoin in the process of bottoming out.  “We are getting into the kind […] The post Five Altcoins Are Showing Strength As Bitcoin Bottoming Begins, According to Analyst Nicholas Merten appeared first on The Daily Hodl.

Five Altcoins Are Showing Strength As Bitcoin Bottoming Begins, According to Analyst Nicholas Merten

Uniswap (UNI) has regained momentum as the altcoin has climbed to a high of $5.79. Since May 12, the cryptocurrency fell to a low of $3.67 and continued a downward correction. On June 19, UNI recovered and broke above the moving averages.

Uniswap Resumes Uptrend as It Rallies to $5.79 High

Uniswap (CRYPTO: UNI) has acquired Genie, an NFT marketplace aggregator. What Happened: Despite the recent plunge in NFT prices, Uniswap, a cryptocurrency exchange using a decentralized network protocol, announced on Tuesday that it has moved to acquire Genie.

Uniswap Announces Acquisition of NFT Marketplace Aggregator Genie

Bitcoin

Ethereum

A robot with a reputation for outpacing the crypto markets is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) weather high volatility. Each week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus. The bot's newest data finds that traders' risk appetite […] The post Bot Known for Outperforming Crypto Markets Unveils Altcoin Selections Amid Wild Bitcoin and Ethereum Price Action appeared first on The Daily Hodl.

Bot Known for Outperforming Crypto Markets Unveils Altcoin Selections Amid Wild Bitcoin and Ethereum Price Action

Shiba Inu

Uniswap moved into the crypto top 20 on Wednesday, relegating MATIC, after surging by over 10% today. UNI has now gained for four straight sessions, as it approaches a key resistance point. SHIB was once again higher today, with prices hitting their highest point since May. Uniswap (UNI) UNI was trading higher for a fourth […]

Biggest Movers: UNI Moves Into Top 20, as SHIB Hits Highest Point Since May

The move marks part of its expansion effort to include NFTs and ERC-20 tokens on its platform. The post Uniswap Labs acquires NFT marketplace Genie appeared first on The Block.

Uniswap Labs acquires NFT marketplace Genie

The company behind Ethereum's popular DeFi trading hub plans to support the buying and selling of NFTs.

Uniswap Labs Acquires NFT Startup Genie

The price of Uniswap (UNI) fell to its previous low of $3.57 on June 13. The bulls have consistently defended the previous low over the past month. The previous low of May 12 at $3.57 has held for the past month. The bears tried to undercut that level while the bulls bought the dips.

Uniswap Holds above $3.00 as the Crypto Reaches Bearish Exhaustion

The former hedge fund manager and convicted fraudster created his DEX in order to be a “thorn in [Uniswap creator Hayden Adams's] side.”

‘Pharma Bro' Martin Shkreli Launches Uniswap DEX Clone Albumswap

Uniswap Labs said that Cunningham was joining the team due to her belief in “the potential of decentralized exchange and in Uniswap Labs's commitment to fairer markets.” The post Former NYSE president joins Uniswap Labs as advisor appeared first on The Block.

Former NYSE president joins Uniswap Labs as advisor

Stacey Cunningham, the first female president of the NYSE, will serve as an advisor to the company behind the DeFi protocol.

Uniswap Labs Hires Former New York Stock Exchange President to Be Advisor

Ethereum (CRYPTO: ETH) plummeted to $950 at one point Monday, driven by 65,000 ETH dumped on Uniswap (CRYPTO: UNI). What Happened: On June 13, ETH fell below the spot price, relative to other exchanges, to $950 on Uniswap.

Ethereum Tumbles Below $1,000 As 65,000 ETH Are Dumped On Uniswap By Whale

The price of Uniswap (UNI) resumed a sideways movement after the May 12 plunge. The cryptocurrency is now fluctuating between $4.60 and $5.80 price levels. Nonetheless, the 21-day line (blue line) SMA has continued to drive the cryptocurrency to trade in a tight range. At the time of writing, the altcoin is trading at $4.89.

Uniswap Continues Its Range-bound Move but Holds Above $4.60

The price of Uniswap (UNI) has initiated a downward correction as the price falls below the moving averages. Uniswap is under selling pressure at $5.81. Buyers failed to sustain the bullish momentum above the 21-day line SMA.

Uniswap Hovers above $5.00 as It Faces Selling Pressure at $5.81

Today, the price of Uniswap (UNI) is in a downward movement as it retests the current support at $4.66. The bears are trying to break the current support to retest the previous low at $3.67. However, if the current support holds, the downside momentum will be invalidated.

Uniswap Retraces above $4.66 as the Crypto Reaches Oversold Region

Chainlink

Cryptocurrencies linked to decentralized finance dropped today, as total value locked in the DeFi ecosystem trends downwards.

Uniswap, Chainlink Down 8% as DeFi Tokens Slump

Uniswap announced that it passed $3 trillion in lifetime cumulative trading volume. The post DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone appeared first on The Block.

DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone

The convicted felon also shared his thoughts on DeFi and various coins.

News for Uniswap Crypto (UNI)