Why did UNI3L experience a significant drop (Uni v3 release date)?

08/09/2023 12:13 • AI & Tech Insights • 77 views

Why did UNI3L experience a significant drop (Uni v3 release date)?

Why did UNI3L experience a significant drop? Editor’s note: This article is from Odaily, authorized for reposting by Daily Planet.

Why did Uniswap experience a significant drop?

Why did UNI3L experience such a drop?

According to OKLink data from European Science and Technology Cloud Chain, UNI had a 17.8% increase in the past 24 hours, reaching a new historical high. The trading volume in the past 24 hours exceeded 2 billion USD, ranking 9th in the market.

Looking at the liquidity mining returns on Uniswap, projects like ETH/USDT and BCHABC/BTC have shown high returns on investments.

UNI is currently the first among the top 10 market cap coins, but its token price has been declining. As of the time of writing, its circulating market cap has dropped to around 289 million USD, much lower than the previous historical height of 1.68 billion USD.

After a nearly 5% increase for 4 days, UNI3L suddenly experienced a huge drop. As of the time of writing (May 7, 2019), it has already dropped over 40%. After a brief rebound, it quickly fell back and is currently in a low price range within 30 minutes. As UNI broke through the $60 mark and stabilized above $50 again, its increase has also reached over 20%. (Note:

1. ETH/USDT, BCHABC/BTC, BSV/USDT)

2. Why did UNI3L experience such a drop?

According to the OKEx market, UNI has dropped from around $6 to below $28 in the past 24 hours.

After reaching below $40 at its highest, there have been price fluctuations for ETH/USDT and LTC/USDT. BTC/USDT, ETH/HT, EOS/USDT, XRP/USDT, XLM/USDT, LINK/USDT have all experienced significant increases during the drop, but some funds have not followed the rise. Other mainstream altcoins have also experienced similar ups and downs.

In UNI3LP, higher yields can be obtained due to sufficient user participation in staking. If users want higher yields and lock their positions, they need to return part of the profits to investors (for example, on Uniswap). The biggest risk for such assets is liquidity issues since they may generate losses without affecting users.

Uni v3 release date

According to reports, Uniswap, the Ethereum smart contract platform, announced in a tweet that it will officially launch the new version after v3 deployment is completed. The official statement mentioned that univ3 will undergo the first public testnet audit on May 1, 2022. Additionally, there is an estimated two weeks’ time to improve the core protocol and codebase, and another significant update is the introduction of the oracle-friendly programming language, Cairo.

The article concludes by mentioning that the release schedule for UNIV3 will be submitted to the London Consensus Conference in early Q3 of 2021.

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Why did UNI3L experience a significant drop (Uni v3 release date)?

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