Avalanche set to welcome Uniswap V3 to its network; TVL set for impact?

On 17 March, Uniswap announced it would deploy on Avalanche and add support for AVAX. Being one of the leading decentralized finance (DeFi) protocols, the deployment of Uniswap could significantly impact Avalanche in terms of transaction volume and Total Value Locked (TVL).

Timeline of Avalanche, Uniswap

Trust is a two-way sword for crypto. Trustlessness is a foundational principle in this domain. But crypto-powered systems must also be trustworthy enough for users and investors to participate. Can the two co-exist? Yes, indeed, since trustlessness is a technical feature while trustworthiness is social.

The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”

Uniswap [UNI] saw aggressive selling after March 8 (Wednesday), but it was slowly easing at press time. The DEX (decentralized exchange) token dropped from $6.4 to a crucial confluence of support levels that allowed bulls to set it into a recovery path.

Avalanche price analysis shows that the cryptocurrency is bullish today and is looking to break out of its current trading range. The digital asset has been in a range between $14.46 and $14.48 for the last 24 hours, but the recent surge suggests that it is ready to push higher.

Uniswap price analysis for today shows that the price is covering downward movement once again. The value depreciated to a low of $5.46 and is currently consolidating, indicating that the price could be headed for further declines.

Avalanche price analysis shows a concrete bearish spell in place, as the coin continues to decline after the $16 support was breached a few days ago. Since February 22, AVAX price has dropped more than 34 percent, sending price to the lowest point since January 11.

Uniswap price analysis for today shows a continued downtrend after opening the market at $6.10. Despite a slight bump in prices in the morning, it quickly dropped to around $6.10 by the afternoon.

Even though the FTX collapse was a massive hit to the crypto-market, Avalanche managed to benefit from this ordeal. TSM, a popular gaming firm, had plans to establish its own crypto-based gaming network with FTX.

Uniswap price analysis for today indicates a bearish swing as the UNI/USD pair is seen correcting down to $6.36. The pair has been struggling to break through strong resistance levels of $6.48, failing to remain above this level for more than an hour in the past 24 hours.

Crypto engagement isn't over and done with for esports org TSM. While the powerhouse esports player was in the midst of the FTX fallout late last year, TSM is still looking big picture courtesy of a new partnership announced on Tuesday.