Last week, the Uniswap Foundation announced that the first proposal to activate Uniswap Protocol Governance would be deployed on-chain today. However, over the past week, a stakeholder raised a new issue related to this work that requires additional diligence on our end to fully vet.
Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote. This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes.
Uniswap Foundation's May 24 Announcement:
📢 Next Friday, May 31, the UF will initiate the on-chain vote to upgrade the Protocol so that its fee mechanism can reward UNI token holders that have staked and delegated their tokens. If you are a UNI holder who wants to vote on this proposal, you must ...
We hope the community understands this decision and stays tuned for future updates.

For more details, visit the Uniswap Foundation's official channels. $UNI

#uniswap #vote #uni

DEX giant Uniswap V3 has made an exciting announcement that it has expanded its services to the Binance Smart Chain (BNB). This marks a significant milestone for Uniswap, which has been primarily deployed on Ethereum, with Layer 2 solutions like Arbitrum, Polygon (MATIC), and Celo (CELO).

The Binance Smart Chain is a public blockchain operated by Binance, and it has a total value locked (TVL) of around $5 billion, making it the second-largest market after Ethereum. This move by Uniswap is expected to significantly expand its user base, as Binance Smart Chain’s top decentralized exchange, PancakeSwap, has approximately 120,000 unique wallets, compared to Uniswap’s 53,000 wallets.

Uniswap is the largest decentralized exchange, with a TVL of $3.5 billion, and according to the data site CoinMarketCap, it has a daily trading volume of $2.3 billion, almost double that of the second-place derivatives exchange, Dydx.

Uniswap’s expansion to the Binance Smart Chain is a significant development, as Binance typically offers faster and cheaper transactions than Ethereum’s mainnet, making Uniswap accessible to a wider audience. Uniswap V3 has several useful features, including flexible fee settings and “Concentrated Liquidity positions” that specify the price range of liquidity provision (LP) powered by a mechanism to generate (mint) NFT tokens that reflect LP positions.

However, the Uniswap V3 program code was released as open source, and to protect against “Vampire Attacks” by other projects such as SushiSwap, the “Business Source License” (BSL) was established with a two-year limit, requiring additional licenses for commercial use.

With the BSL license set to expire on April 1, 2021, many expect Uniswap V3 copy products to proliferate. As a result, the Uniswap community has planned to develop the official Uniswap multi-chain and has allocated resources to advance into the Binance Smart Chain.

The proposal to deploy Uniswap V3 on the Binance Smart Chain passed with 66% of the votes in favor (55 million UNI) in a community vote completed on February 10th. A16z (Andreessen Horowitz), a major Silicon Valley venture capital that holds a large amount of UNI tokens, also attracted attention by using 15 million UNI to vote against the proposal.

In conclusion, Uniswap’s expansion to the Binance Smart Chain is a significant development for the decentralized exchange giant. With the Binance Smart Chain offering faster and cheaper transactions than Ethereum’s mainnet, Uniswap is now accessible to a wider audience, and the move is expected to significantly expand its user base. It remains to be seen how this expansion will impact the decentralized exchange market, but Uniswap’s dominance is expected to continue.

#bnbnchain #uniswap #uni #bnb #binance

This article was republished from azcoinnews.com

Uniswap is a decentralized exchange (DEX) protocol that enables users to trade cryptocurrencies without intermediaries. Uniswap's native token, UNI, is used for governance and liquidity provision on the Uniswap platform. Since its launch in 2020, UNI has gained significant attention and popularity in the decentralized finance (DeFi) space, making it one of the most sought-after tokens in the market. In this article, we will explore the potential price of UNI in the years to come.

Current UNI Price

Before we dive into the UNI price predictions, let's first take a look at the current UNI price. As of writing this article, UNI is trading at $31.29 with a market capitalization of $16.7 billion. The token has been performing well in 2021, with its price surging from around $4 at the beginning of the year to an all-time high of $44.92 on May 3rd, 2021.

UNI Price Prediction for 2023

The future of UNI largely depends on the growth and adoption of the Uniswap platform. Many analysts and experts believe that Uniswap will continue to dominate the DeFi market, which will have a positive impact on the price of UNI.

According to WalletInvestor, a popular forecasting website, UNI's price is expected to reach $81.618 by the end of 2023. This represents a significant increase from the current price, indicating a potential for a profitable investment in UNI.

Another forecast by DigitalCoinPrice suggests that UNI's price could reach $74.86 by the end of 2023, while TradingBeasts predicts that the token could reach a maximum of $75.921 and a minimum of $51.843 by December 2023.

UNI Price Prediction for 2024

Moving forward to 2024, the price predictions for UNI remain positive, with some experts projecting even more substantial gains. The following are some of the projections for UNI's price in 2024:

WalletInvestor predicts that UNI's price could reach $107.833 by the end of 2024.

DigitalCoinPrice predicts that UNI's price could reach $94.38 by December 2024.

TradingBeasts predicts that UNI's price could reach a maximum of $109.087 and a minimum of $74.307 by the end of 2024.

UNI Price Prediction for 2025

Looking even further ahead, the price predictions for UNI in 2025 are even more bullish. Some analysts believe that UNI could reach new all-time highs in the coming years. The following are some of the projections for UNI's price in 2025:

WalletInvestor predicts that UNI's price could reach $150.763 by the end of 2025.

DigitalCoinPrice predicts that UNI's price could reach $133.62 by December 2025.

TradingBeasts predicts that UNI's price could reach a maximum of $163.558 and a minimum of $111.213 by the end of 2025.

Conclusion

The future of UNI largely depends on the growth and adoption of the Uniswap platform. With the continued growth of the DeFi market, many experts believe that UNI's price will continue to increase in the coming years. While there are many variables that could impact the price of UNI, including market volatility and competition from other DEX protocols, the general consensus is that UNI has the potential for significant gains in the years to come. As always, investors should conduct their own research and consider their risk tolerance before investing in any cryptocurrency.

#crypto2023 #uniswap #uni #priceanalysis #dyor