1 month ago
The launch of Unichain, Uniswap’s long-awaited layer-2 network, has seen the terms of the decentralized exchange’s governance token UNI emergence by astir 4.5% to astir $9.7 and led to a important summation successful societal enactment and sentiment.
UNI’s terms benefitted from the motorboat of Unichain but failed to interruption done the $10 mark. It inactive outperformed bitcoin (BTC) successful the abbreviated play since the motorboat of the layer-2 network, arsenic the cryptocurrency is down astir 0.3% successful the past 24 hours.
Sentiment surrounding the token has remained affirmative since the launch, with the fig of posts connected X rising by astir 30% to implicit 1,400 with astir 41% of those being affirmative and 48% having a neutral tone, information from TheTie shows.
The emergence is notable arsenic societal media posts surrounding the token were rising successful the lead-up to Unichain’s launch. A Unichain artifact explorer shows the web already has 15,000 progressive wallets and has processed astir 100,000 transactions hours into its archetypal day.
One notable post came from Hayden Adams, CEO of Uniswap Labs, who pointed to a promising aboriginal successful which the protocol volition motorboat “many caller improvements to accelerate blockchain scaling.”
These see reducing artifact times, allowing astir maximal extractable worth (MEV) to beryllium returned to users, an further furniture of economical security, and seamless interoperability for Unichain.
“In different words, relentless shipping volition proceed until Ethereum scales and DeFi is bigger than tradfi+cefi combined. In conscionable 4 months of testnet the web processed ~100M transactions. Now it's unrecorded with 80+ projects already gathering connected apical (plus Uniswap + v2, v3, and v4 deployments already live),” Adams said connected X.
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