As the DeFi space continues to expand, Ethereum's major projects remain high network users through substantial fee burning, contributing to the decrease in ETH supply. According to recent data from ultrsound.money, shared by Phoenix Group, top DeFi players like Uniswap, MetaMask, and 1inch have burned the highest Ethereum fees in the past month, with Uniswap alone responsible for burning approximately $15.2 million or 6,169.9 ETH.

Uniswap Dominates Ethereum Fee Burning by a Large Margin
Uniswap, the largest decentralized exchange (DEX) operating on the Ethereum network, burned over 6,000 ETH in the last month. This high burn rate demonstrates the project’s significance within the Ethereum ecosystem, where many users rely on Uniswap for token swaps, ensuring a high and consistent network activity. When ETH is burned, it is permanently removed from circulation, which is expected to benefit the token's value over the long term.
MetaMask and 1inch Take Second and Third Places
Following Uniswap, MetaMask—a popular Ethereum-based wallet and access point to DeFi platforms—has burned 645.6 ETH, valued at roughly $1.6 million. MetaMask’s functionality allows users to swap tokens directly within the wallet, making it a convenient integrated solution.
Third place goes to 1inch, a decentralized exchange aggregator, which burned 630.3 ETH, approximately $1.5 million. 1inch is popular among traders looking for the best DeFi rates, attracting users seeking cost-effective swaps.
Other Key Contributors to ETH Burning
Other notable contributors include 0x Protocol and Gnosis, burning 509.7 and 358.4 ETH respectively. Additional projects such as Pendle, Kyber Network, Aave, ParaSwap, and Tokenlon burned between 48.6 and 143.8 ETH each. Together, these projects contributed fees totaling $96.1 million and 39,076 ETH.
Impact on Ethereum's Deflationary Model
This significant fee burning supports Ethereum's deflationary model introduced by the EIP-1559 update. The decrease in ETH supply, especially amid high network activity, could boost the asset's scarcity, which, in turn, may drive up its value in the long term.
#DEFİ , #ETH🔥🔥🔥🔥 , #TokenBurn , #UniswapUpdate , #CryptoTrends2024

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The price of Uniswap (#UNI: ) is showing a bullish trend due to strong support, rising volume, and market demand. If $UNI breaks resistance, it could target the $20 mark.
Strengthening UNI Price and Positive Market Outlook
Uniswap (UNI) has recently experienced a notable price increase, indicating continued optimism in the market. Trading above a key support level suggests a positive sentiment among investors. This growth is part of a broader cryptocurrency market recovery, and with November approaching, there’s potential for further gains. In the coming weeks, UNI might aim to reach $20.
Uniswap Set for a Potential 134% Increase
UNI is currently trading at $8.23, representing a 4.42% gain over the past day, continuing its bullish trend. The 24-hour trading range is between $7.83 and $8.26, indicating increased investor interest. However, UNI still remains significantly below its all-time high of $44.97 from May 2021, which reflects an 81.68% decline.
The current analysis highlights a critical resistance level around $10, with additional barriers at $15 and $20. Breaking through these levels could push UNI toward a $20 target, representing a 134% increase, particularly if the bullish trend persists.

Technical Indicators and UNI Market Activity
The MACD (Moving Average Convergence Divergence) indicator below the price chart indicates a slight bullish momentum. The blue MACD line is moving just above the orange signal line, and the histogram shows green bars, signaling a positive market sentiment.
According to the Coinglass platform, Uniswap derivatives have seen a surge in trading activity. Data shows that trading volume and open interest are rising sharply, indicating increased market interest.

The bullish trend in UNI, along with growing market demand, suggests that the price has potential for further growth. If resistance levels are breached, Uniswap could reach the $20 target, with rising trading volume supporting this potential breakthrough.
#Altcoins👀🚀 , #CryptoPredictions , #CryptoNewsCommunity , #UniswapUpdate

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Uniswap price shows bullish momentum with strong support, rising open interest, and market demand. UNI could target $20 if resistance breaks
Uniswap (UNI) price has recently gained momentum, experiencing a significant price surge that signals a bullish trend in the market. Trading above a vital support level, UNI shows signs of strengthened momentum, reflecting an upward shift in investor sentiment. This rebound aligns with a widespread recovery across the cryptocurrency market, suggesting a potential resurgence as November approaches. UNI eyes could be targeting the $20 mark in the coming weeks. Watch till end.

Uniswap Poised for Massive 134% Upsurge
The UNI price has seen a notable price increase. The price of UNI is currently at $8.23, up by 4.42% over the last day, continuing its recent bullish trend.
The 24-hour trading range shows UNI fluctuating between $7.83 and $8.26, reflecting growing investor interest. However, UNI remains significantly below its all-time high of $44.97, recorded in May 2021, indicating an 81.68% drop.

The current analysis highlights a resistance level around $10, with further barriers at $15 and $20. Breaking these levels could propel the top coin towards the $20 target, surging by 134%, especially if bullish momentum continues.

The Moving Average Convergence Divergence (MACD) indicator below the price chart signals slight bullish momentum. The MACD line (in blue) is marginally above the signal line (in orange), and the histogram shows green bars, indicating positive sentiment.According to Coinglass, Uniswap’s UNI derivatives have experienced a significant increase in trading activity. Recent data indicates a strong rise in trading volume and open interest, signaling heightened market interest.
Image source: Trading View
According to Coinglass, Uniswap’s UNI derivatives have experienced a significant increase in trading activity. Recent data indicates a strong rise in trading volume and open interest, signaling heightened market interest.
UNI volume image
UNI’s bullish momentum and rising market interest suggest a strong upward potential. Breaking resistance levels could propel Uniswap to the $20 target, with ongoing trading volume increases bolstering this possible breakout.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Uniswap is the next bull run crypto..
#UniswapUpdate #Uniswape #Uniswap’s #UNI: #UNIWatch

An investor who once made $25 million from Uniswap has turned attention to a new opportunity. This time, the focus is on an AI-powered altcoin priced below $0.10. There are predictions of an astonishing 8,000% return. This bold forecast is stirring interest among those looking for the next big gain in crypto. Read till last line for details.

CYBRO Presale Achieves $3 Million Milestone: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $3 million. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a referral program, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBRO’s DeFi Vaults.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

POL Price Steady Above Support, Potential Breakout Ahead
POL, formerly known as MATIC, is trading between $0.37 and $0.39, holding above its support level at $0.35. The 10-day simple moving average is $0.36, while the 100-day average sits at $0.37, showing a stable short-term trend. The Relative Strength Index is at 46.97, suggesting the coin is neither overbought nor oversold. If POL moves past the nearby resistance at $0.40, it could aim for the next level at $0.43, which would be an increase of about 10%. However, if it dips below $0.35, the price might slide to the second support at $0.33.

Uniswap (UNI) Approaches Resistance Amidst Strong Upward Momentum
Uniswap’s price has been climbing, currently ranging between $7.10 and $8.48. Over the past month, it has gained 19.37%, showing strong momentum. The 10-day simple moving average is $8.06, higher than the 100-day average of $7.81, indicating a bullish trend. The relative strength index is at 65.72, nearing overbought levels. The stochastic oscillator is at 93.17, suggesting the asset is overbought. The next resistance level is at $9.22. If Uniswap breaks through this level, it could reach the second resistance at $10.60, which would be an increase of roughly 25% from current levels. However, the overbought indicators may signal a potential price pullback toward the support level at $6.46.

Conclusion
In conclusion, established tokens like POL and UNI have delivered strong results but may offer less potential in the short term. CYBRO emerges as a standout opportunity for investors seeking significant gains. As a technologically advanced DeFi platform, it provides unparalleled chances to boost earnings through AI-powered yield aggregation on the Blast blockchain. With features such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience with seamless deposits and withdrawals. Its focus on transparency, compliance, and quality sets it apart, drawing strong interest from major investors and influencers. CYBRO represents a promising project poised to deliver exceptional returns in the current bullish market.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news.

#CybroToken #UniswapUpdate #PolkadotBlockchainAcademy #USJoblessClaimsDip