Uniswap weekly trade volumes reach a record high of $10B
Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing decentralized finance boom. If Uniswap manages to maintain its current pace, it will process over $500 billion worth of transactions in a year. Uniswap is a decentralized exchange (DEX) based on Ethereum that allows anyone to swap ERC20 tokens. Uniswap launched its UNI governance token in September 2020, with an airdrop to anyone who had used the protocol prior to September 1. looking forward to Uniswap weekly trade volumes reach a record high of $20B.
Ethereum Reclaims 100 SMA
Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400. Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels.
PayPal’s Venmo Launches New Service Enabling Users to Sell, Hold, And Buy Crypto
Venmo mobile payment app, owned by PayPal Holdings, has announced that it has begun allowing its users to sell, hold, and buy cryptocurrencies on its app. The development is a significant step, as it indicates that crypto is slowly but surely entering mainstream adoption.
Institutional XRP Inflows Surge to Hit $33 Million, Almost Doubling Its AUM
According to CoinShares’ weekly digital asset inflows report, XRP has been the most popular investment among digital asset products currently offered, with its weekly inflows totaling $33 million. This has resulted in XRP nearly doubling its asset under management (AUM), or investment products, to hit $83 million.
Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high
Monero’s price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success.
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