Uniswap Who? Trader Joe's AMM Takes DeFi By Storm

In the fast-evolving world of decentralized finance (DeFi), new players are constantly emerging with innovative solutions to address the challenges of trading and liquidity provision. One platform that has been making waves in the DeFi ecosystem is Trader Joe, which has gained steam with its capital-efficient decentralized exchange (DEX).

Timeline of Joe, Uniswap

Trader Joe's [JOE] trading activity surged significantly over the last month, pushing the decentralized exchange [DEX] to sixth position in the list of top DEXs by volume, per DeFiLlama.

The Uniswap community is currently engaged in a temperature check vote on the proposal "Deploy cross-chain after the commercial source license (BSL) expiration and create a new uniswap.eth subdomain".

Uniswap price analysis shows a bearish momentum that pulled the price back to $6.07, after a brief period of stability at around $6.32. The bearish pressure overpowered the bulls and UNI dropped below its immediate resistance point of $6.32 after bearish patterns emerged.

Uniswap price analysis confirms that cryptocurrency has been on an upward trend since the beginning of today. The price of Uniswap has increased by over 3.29% in the past 24 hours, with a high of $6.15 and a low of $5.86.

Uniswap (UNI) price has turned red after a sudden surge earlier today. At press time, the UNI token was trading at $5.9929, down 0.37% after hitting a daily high of $6.07. UNI has oscillated between $6.20 and $5.85 since the start of April after surging from $5.57 at the end of March.

Uniswap, a popular decentralized exchange, has recently become the target of a sophisticated sandwich attack, resulting in a massive theft of $25.2 million from eight different pools. This incident could mark a significant turning point for the entire Miner Extractable Value (MEV) ecosystem.

The Uniswap price analysis shows that, since yesterday, the price has been falling as the bears have battled to maintain the upper hand. The price has dropped to the $5.89 mark as the bears have regained strength, confirming the downtrend that was seen yesterday.

Uniswap price analysis for today is showing that the coin is in a downward trend after a bullish pressure that lingered around the market for a few days. The coin has been below the support level of $5.91, which is a  sign of bearishness in the market.

Uniswap V3 protocol's Business Source License (BSL) has expired, allowing developers to fork the code and deploy their own decentralized exchange (DEX). The new “General Public License” now applies to the protocol.

On April 1, Business Source License (BSL) for Uniswap v3 protocol expired, allowing developers to deploy their own decentralized exchange (DEX), according to the protocol's documentation. With this expiration, developers can now fork the code and use it as an open source.