Market Cap: $3.1266T -1.060%
Volume(24h): $100.7816B -20.230%
  • Market Cap: $3.1266T -1.060%
  • Volume(24h): $100.7816B -20.230%
  • Fear & Greed Index:
  • Market Cap: $3.1266T -1.060%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$95988.360365 USD

-1.02%

ethereum
ethereum

$2616.372283 USD

-3.20%

tether
tether

$1.000079 USD

-0.02%

xrp
xrp

$2.379544 USD

3.41%

solana
solana

$191.021998 USD

-0.17%

bnb
bnb

$579.394785 USD

0.28%

usd-coin
usd-coin

$0.999980 USD

0.00%

dogecoin
dogecoin

$0.246368 USD

-0.99%

cardano
cardano

$0.694285 USD

-2.52%

tron
tron

$0.232453 USD

1.91%

chainlink
chainlink

$18.089071 USD

-3.16%

stellar
stellar

$0.324940 USD

1.41%

avalanche
avalanche

$24.110410 USD

-2.54%

toncoin
toncoin

$3.700057 USD

-0.98%

unus-sed-leo
unus-sed-leo

$9.767020 USD

0.09%

Cryptocurrency News Articles

Uniswap V4 whales accumulate 1.7 million UNI, bullish DeFi ecosystem and Uniswap future prospects

Feb 08, 2025 at 09:32 pm

In a major strategy in the field of decentralized finance (DeFi), a major whale has withdrawn 1.7 million $UNI tokens from Binance.

Uniswap V4 whales accumulate 1.7 million UNI, bullish DeFi ecosystem and Uniswap future prospects

A major whale has pulled 1.7 million $UNI tokens from Binance, sparking speculation and highlighting the rapid growth trajectory of Uniswap V4.

The whale's massive accumulation of $UNI tokens, now valued at approximately $15.54 million, has grabbed the attention of the crypto community. This move signals strong confidence in the future of Uniswap's governance token and bodes well for the platform's native token. The withdrawal, amounting to over $15 million in value, raises questions about the whale's next move and their bullish outlook on the DEX ecosystem and Uniswap in particular.

Meanwhile, Uniswap V4, launched just under a week ago, is seeing impressive growth with Total Value Locked (TVL) exceeding $47 million. A large proportion of this TVL is attributed to the Ethereum network, which continues to dominate the smart contract activity in DeFi. People are engaging with Uniswap V4 at a rate that suggests something more than just curiosity. Whether or not this trend will continue, the rate of increase in Uniswap V4’s TVL suggests that it's not just a passing phase for users.

The whale's large stake in $UNI and their move away from Binance correlate with the heightened adoption of Uniswap V4, suggesting a strong endorsement of the decentralized exchange's future prospects. Uniswap has long been the behemoth of the DeFi movement, and their adoption of the latest tech - Uniswap V4 - has reinforced their position as the leaders in that space. Whether or not Uniswap is your favorite decentralized exchange, it is, by far, the path of least resistance in that space.

Uniswap V4's early success showcases the platform's adaptability and innovation in the fast-changing DeFi landscape. Since its launch, the platform has achieved a cumulative transaction volume of over $185 million, a figure that certainly reflects user interest in the platform's new features. A large part of that interest is likely due to a hook pools feature, which makes up around 43.2% of the total transaction volume on the platform.

What makes Hooked Pools a special opportunity for liquidity providers?

The unique pools are an innovative product within Uniswap V4 and exist predominantly in the DeFi ecosystem. Automated market-making is hookingly engaging on the platform for a wide variety of investors - from sophisticated DeFi participants to first-time DeFi users. The platform currently suggests that nearly half of its total transaction volume exists because of Hooked Pools.

The rapid expansion of transaction volume, alongside the hefty total value locked in Uniswap V4, hints that the platform is well on its way to keeping a commanding presence in the DeFi field. Uniswap was not just able to attract liquidity; it was also able to attract users and innovate right before our eyes. Almost as if to illustrate a point, the conduit for user-driven transactions on Uniswap is now further primed for running innovative DeFi structures.

What’s Next for Uniswap and $UNI?

The significant accumulation of $UNI by the giant whale, coupled with the swift success of Uniswap V4, prompts some very serious questions about what’s in store for both the platform and the governance token. If anything, the latest iteration of Uniswap appears to be growing—even if some analysts contend that its current transaction volume is propped up by a few outlier trading pairs.

$UNI and all governance tokens play an essential and even more significant role in the decentralized finance (DeFi) sector as it matures. Holding the $UNI token gives you governance rights over the Uniswap protocol. Those with governance tokens get to decide the platform’s upgrades, changes in fee structures, etc. They speak for the future direction of the DeFi protocol they are invested in. Accumulating tokens is a sign they want to and can act in DeFi’s long-term investment interests.

The cryptocurrency market as a whole looks primed for growth. And that could be great news for decentralized exchanges like Uniswap.

According to Allium, since its launch nearly a week ago, Uniswap V4 TVL has exceeded $47 million, of which about 82.76% is concentrated in Ethereum; it has achieved a cumulative transaction volume of more than $185 million, of which 43.2% comes from Hooked Pools transactions.…

— Wu Blockchain (@WuBlockchain) February 6, 2025

Uniswap now stands to benefit from all the extra momentum flowing into DeFi and decentralized trading. Traditional financial systems and centralized exchanges are under the microscope, which makes DeFi platforms—where users can trade, stake, and provide liquidity without an intermediary—much more attractive. Add to that the fact that Uniswap V4’s additional features could give them an even bigger role in DeFi, and you’ve got a scenario that could make Uniswap, well, unbeatable.

Conclusion: A Positive Outlook for Uniswap V4 and $UNI

The recent activity of

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 09, 2025