Uniswap Community Approves Proposal to Deploy Uniswap V3 to Filecoin Virtual Machine

Key Points: Uniswap community is abuzz with excitement as they conduct a temperature check vote in overwhelming support of the proposal to deploy Uniswap V3 to the Filecoin Virtual Machine (FVM). With the voting deadline set for June 18, the approval rate has already reached an impressive 100%, indicating a strong consensus among Uniswap users.

Timeline of Filecoin, Uniswap

UNI reserves on exchanges have surged to new highs, signaling heightened interest. However, declining whale interest and reduced user activity raise concerns about UNI's performance and market sentiment.

Despite SEC's pressure, Grayscale representatives refused to admit that FIL, the native asset of the Filecoin L1 blockchain, should be regulated as security. Nevertheless, its registration statement on Form 10 is being withdrawn.

Uncertainty looms over cryptocurrency's end game in the U.S. after several events within the week. Grayscale, a leading digital asset management firm, recently filed a request to withdraw its application for a Filecoin (FIL) trust product, per Global Newswire.

Uniswap fee switch vote failed to pass, but not because it was unpopular, as Celestia launches a modular DA interface for the OP Stack — find out more in our weekly DeFi roundup.

Uniswap, a leading decentralized exchange protocol, recently fell prey to a sophisticated impersonation scheme that targeted its Chinese community. Hayden Adams, the creator of Uniswap and CEO of Uniswap Labs, expressed his surprise and concern about the elaborate nature of the scam.

Uniswap price analysis shows a bullish trend is emerging as the crypto asset retraced above the $5.00 level. The market sentiment appears to be shifting as buyers attempt to push the UNI/USD pair higher.

Hayden Adams, the inventor of the Uniswap protocol, recently took to Twitter to express his astonishment at a scam that involved the creation of a fraudulent version of the Uniswap website. In a tweet, Adams stated, “Some next level effort went into this scam.

The price of Uniswap, the largest decentralized exchange by trading volume, is down roughly 35% from Q1 2023 peaks. Even so, on-chain data from Etherscan shows that there has been a steady increase in the number of UNI holders in the past two days.

According to the Uniswap price analysis, the bearish momentum is gaining further speed. Over the past week, there has been a notable downturn in price, and this downward trend persists today.

The Uniswap price analysis shows that bears have struggled to maintain dominance, resulting in a low price trend over the past two days. After peaking at $5.33, selling pressure emerged, leading to a downtrend.