Decentralized Exchange Uniswap (UNI) Now Operating on Coinbase-Backed Layer-2 Base

Leading decentralized exchange (DEX) Uniswap has been deployed on Base, the new Ethereum layer-2 built by US crypto giant Coinbase. Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet first launched in February of this year.

Timeline of Uniswap

In a recent Twitter thread, Guillaume Lambert, the founder of Panoptic, has warned against providing liquidity in UniV3, saying that liquidity providers(LPs) are losing millions per year. Lambert addressed concerns about potential losses and demystified the concepts of Impermanent Loss (IL), Loss-versus-rebalancing (LVR), Just-in-time (JIT) liquidity, and Miner Extractable Value (MEV).

Ethereum (ETH) veteran Pascal Marco Caversaccio shared details of his open-source Uniswap v4 fork being one step away from a DMCA takedown. Uniswap (UNI) founder Hayden Adams admitted that this attack was "unnecessary" — here's why.

Trading bots, i.e., software programs designed to automate the processes of placing and canceling orders on centralized and decentralized exchanges, have become increasingly popular.

In an analysis, Anders Helseth, Vice President at K33 Research, has mounted a strong case against the viability of the Uniswap (UNI) token. His analysis pivots on the intriguing dynamics of the decentralized finance (DeFi) market, fundamentally challenging the current valuation and future potential of UNI.

Uniswap (UNI) has experienced a remarkable, bullish surge in its price amidst mounting sell-pressure on cryptocurrency exchanges. Bullish crypto traders have actively placed orders to buy 1.3 million UNI tokens, driving the price to $6.43, one of the highest levels in the past four months.

Sitting at $5.80, the Uniswap (UNI) price is now up over 50% since it rebounded from its recent local bottom of $3.63 on June 10. While bullish investors look to push for a new 2023 price peak, critical UNI on-chain warning signs have emerged.

Hayden Adams, the founder of Uniswap, expressed his desire for more crypto projects to focus on disrupting popular Web2 (centralized) applications using the unique capabilities of cryptocurrencies.

In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams' compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20.

Uniswap CEO and founder Hayden Adams has had his Twitter account compromised. Furthermore, hackers are increasingly targeting crypto industry personalities as an easy way to lure victims into their scams.

The Uniswap (UNI) price has gained 14% over the past week as the markets react favorably to the recent UniswapX protocol launch. Will the long-term investors continue to hold out for more gains?