Uniswap (UNI) Partners With China's MATIC Conflux (CFX), Here's the Deal

Conflux (CFX), the fast-rising blockchain protocol dubbed China's MATIC, has unveiled plans to deploy Uniswap V3 as it seeks another avenue to bring massive CFX liquidity to the broader Decentralized Finance (DeFi) ecosystem. Conflux revealed on its official Twitter account page that the deployment has the potential to bring access to millions of new users, particularly in the Chinese and Asian markets.

Timeline of Conflux-network, Uniswap

Toronto, Canada, April 14th, 2023, Chainwire Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX.

The latest Uniswap price analysis shows an upward trend for cryptocurrency today, as overpowering pressure from the buying side is observed. The chart is beginning to show long green candlesticks, which indicate a significant rise in price levels.

Uniswap's mobile wallet has been approved by Apple's iOS App Store, according to an update posted to the project's blog on April 13. The mobile wallet allows users of Uniswap's popular DeFi self-custodied token swap service to access most of the platform's features.

Decentralized finance (DeFi) has rapidly emerged as a game-changer in the world of finance, offering users an alternative to traditional banking systems that is more transparent, accessible, and secure. Uniswap, the leading decentralized exchange platform built on the Ethereum blockchain, is one of the projects leading this revolution.

Uniswap has today launched its open-source Uniswap mobile wallet app after launching its testnet to 10,000 early-access users through Apple's testing platform Apple TestFlight last month.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $30,000 level on Wednesday following the release of inflation data. The headline CPI came in at 5% year-on-year in March, down from 6% in February, according to data the Labor Department reported on Tuesday.

Uniswap price analysis shows an uptrend with higher lows and highs. Bulls are now trying to break the resistance of $6.08 while maintaining stability above the support levels of $5.88.

Conflux (CFX/USD) price made a bullish breakout on Tuesday as a cheerful mood engulfed the cryptocurrency industry. CFX, its token, jumped to a high of $0.4452, the highest level since March 29th. It has soared by more than 1,975% since January, making it one of the top performing coins in the industry.

Unsiwap's [UNI] recent recovery attempts have to contend with a few obstacles. Besides Bitcoin [BTC] fluctuating around $28k, UNI has faced price rejection at a month-long descending trendline.

Conflux plans to deploy Uniswap v3 on its blockchain, which would offer access to millions of potential new users, particularly in China and Asian markets. This comes days after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange.