DEFI

"Talking nonsense! UNI back to $30, Uniswap founder: Heard V3 is about to launch"

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"Talking nonsense! UNI back to $30, Uniswap founder: Heard V3 is about to launch"

Uniswap founder Hayden Adams recently revealed on Twitter that V3 is about to go live. The token price surged back above $30 on the news. He emphasized that even without liquidity mining incentives, Uniswap still accounts for 60% of decentralized exchange trading volume, nearing its all-time high.

Uniswap V3

Hayden Adams pointed out on Twitter this morning that Uniswap continues to dominate the decentralized exchange market with 60% of the trading volume, nearing its all-time high. The liquidity mining rewards for UNI have also ended for 3 months, showing the results in actual adoption. He also mentioned:

I heard the updated version of the Uniswap protocol is about to be released soon.

Of course, while Uniswap has strong consensus, some members of the community are slightly dissatisfied with the repeated "coming soon" promises and updates without a specific release schedule.

Interestingly, this also confirms the prediction made by Andre Cronje, the founder of Yearn.Finance, on March 4:

When founders and core contributors start actively posting on Twitter, it usually means they have reached a milestone in development and are waiting for an imminent release.

BNT Outperforms

The positive news caused UNI to rise by about 11.9% since yesterday, 3/16, breaking the $30 mark once again. Compared to Bancor BNT, SushiSwap SUSHI, PancakeSwap CAKE, and other AMM protocols, BNT has been the strongest performer since March. CAKE's recent performance has been slightly weak.

Uniswap and PancakeSwap

In addition, PancakeSwap is apparently excluded from the "official" DeFi category, as Hayden Adams mentioned the dominant 60% trading volume does not include PancakeSwap. The trading volumes in the past 24 hours are as follows:

  • SushiSwap: $34.58 million
  • Bancor: $70.21 million
  • Uniswap: $9.6 billion
  • PancakeSwap: $15.7 billion

As reported earlier, PancakeSwap's trading volume has surpassed its main competitors on Ethereum, although Uniswap still leads in liquidity.

Recently, PancakeSwap's domain name system (DNS) has been under attack, with the official website prompting users to enter their private keys and mnemonic phrases. The official statement claims that clearing the browser cache will resolve the issue, but even after testing, domain warnings still appear, and many Twitter users have reported the same issue under the official tweet.