Crypto News

Uniswap Deployed in Polygon as MATIC hits an all time high

                                                            In einer Ankündigung vom 22. Dezember Uniswap Labs berichtete, dass es den DEX im Polygon-Netzwerk gestartet habe.

Polygon co-founder Mihailo Bjelic submitted a proposal to Uniswap Governance in November to implement Uniswap v3 on Polygon, and it was chosen last week.

It had overwhelming support as more than 72 million UNI tokens were pledged to vote in favor of the proposal that has now been adopted. When the vote ended on December 18, only 500,000 UNI tokens were promised to vote against the proposal.

1 / We’re excited to announce that v3 has been deployed on @ 0xPolygon! 🚨

As the leading scaling solution, Polygon offers low gas fees and fast transactions with over 3000 applications hosted and 1 billion transactions processed! pic.twitter.com/bzRRkqDJuk

– Uniswap Labs (@Uniswap) December 22, 2021

Users can now exchange tokens on Uniswap using the Polygon Layer-2 network, which offers faster, cheaper transactions. Polygon just announced a partnership with the Opera browser.

Uniswap continues to grow

Uniswap is still the king of DEXes with a volume-based market share of 76.8% in the past week, according to Dune Analytics. It processed $ 16.4 billion in the last seven days and $ 1.8 billion in the last 24 hours.

In terms of monthly volume, Uniswap processed $ 83.8 billion in November, well ahead of its closest rival and former clone SushiSwap with $ 7.9 billion for the month. According to DeFiLlama, a total of $ 8.98 billion is locked in Uniswap. In addition, it has increased 311% since the beginning of this year. The DEX ranks 9th in the DeFi TVL charts, just below Compound Finance.

In terms of platform fees generated, Uniswap is in second place Ethereum even with $ 4 billion in average 7-day fees, according to Cryptofees.

The native token, UNI, rose 10.7% on that day to $ 17.02, according to CoinGecko. However, UNI has been since his All time high hit hard at $ 44.92 in May after falling 62.7% from that high.

Earlier this month, Uniswap introduced Auto Router Support on Layer 2 networks to streamline token swaps while enabling gas savings.

MATIC at ATH

Polygon’s native token, MATIC, has done much better this year. It hit an all-time high of $ 2.70 during Thursday morning’s Asian trading session and is currently a touch below.

In the last week is MATIC up an impressive 26.4%, and for the month the token is up 72%. The Polygon token is one of this year’s with a whopping 15,320% gain since January 1st Cryptocurrencies with the best performance.

At $ 18.4 billion, it currently ranks 14th on the market capitalization charts.

                                    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>    .

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button