tl;dr
Uniswap has announced an upgrade for UniswapX, featuring a new auction contract to redesign the quote information flow. The upgrade aims to increase quoting speeds, enhance trade execution, and return more MEV to swappers. Despite negative sentiment affecting UNI's price, the community has welcomed ...
Uniswap Labs has announced an upgrade for UniswapX, introducing a new auction contract to improve quoting speeds and trade execution. Despite market factors, UNI token experiences negative sentiment, with potential upticks in whale activity. Decentralized finance (DeFi) activity has seen growth in Q1 2024, driven by institutional participation and spot Bitcoin ETF approvals. UNI token price has fallen due to sell-offs, but hopes for a positive turnaround are fueled by previous numbers, upgrades, and institutional activity. An anticipated rally in trading of Ethereum ETFs in the United States is expected to attract new investments.
The upgrade aims to increase quoting speeds, enhance trade execution, and return more MEV to swappers. Despite negative sentiment affecting UNI's price, the community has welcomed the update, hoping for a turnaround. Decentralized finance (DeFi) activity has surged this year, driven by institutional participation and spot Bitcoin ETF approvals. Uniswap's price has fallen, with weekly and monthly outflows, but users anticipate a positive turnaround.
The upgrade will deploy a new auction contract that redesigns the information quote flow on the platform. UNI is in the red zone as negative sentiment creeps in following market factors.
Uniswap Labs has disclosed upgrades to UniswapX deploying a new auction that essentially redesigns the flow of order quote information. The upgrade aims to increase quoting speeds, enhance trade execution, and ensure more MEV is returned to swappers. The community has lauded the update at a time when negative sentiment is beginning to creep in as users hope for a turnaround of fortunes.
This year, decentralized finance (DeFi) activity has picked up in the market following institutional participation on the back of spot Bitcoin ETF approvals. As a result, assets under management (AUM) as well as trading volumes skyrocketed in Q1 2024 before steadying in subsequent quarters.
Uniswap trades at $7.67 falling 2.46% in the past day following sell-offs. This extends weekly exits to 5.35% and monthly outflows to 15.5%. Despite this, users remain bullish about a positive turnaround due to previous numbers, upgrades, and institutional activity in the market. Trading of Ethereum ETFs in the United States is expected to rally in new investments as a window opens for traditional players.
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
Commodity: GOLD AND SILVER ORES
Market Cap: 116,945,000
Dividend Yield: None
EPS: None
P/E Ratio: 0
Forward P/E: 0.127
PEG Ratio: -0.0306
Volume: 36,723,000
Market Cap (Intraday): 1.38
Beta (3Y Monthly): 2.549
52-Week Change: 0.625