With the launch of Unichain, Uniswap’s much-anticipated Layer-2 network, the price of the decentralized Exchange governance token Uni rose by about 4.5% to about $9.7, resulting in a significant increase in social activity and sentiment.
Uni’s prices benefited from the launch of Unichain, but were unable to break through the $10 mark. Cryptocurrency has dropped by around 0.3% over the past 24 hours, surpassing Bitcoin (BTC) in a short time since the launch of Layer-2 network.
The sentiment surrounding the token has remained positive since its launch, with X’s post count rising about 30% to over 1,400, with around 41% positive and 48% having a neutral tone And the data from TheTie show.
The rise is noteworthy as social media posts surrounding the token were rising towards Unichain’s launch. Unichain Block Explorer shows you already have 15,000 active wallets on your network and you are processing nearly 100,000 transactions on the first day.
One notable post comes from Hayden Adams, CEO of UnisWap Labs. He pointed to a promising future where the protocol will launch “many new improvements to accelerate blockchain scaling.”
These include reduced block time and allow most maximum extractable values (MEV) to be returned to the user.
“In other words, the unforgiving delivery continues until Ethereum and defi are bigger than the combination of cordfi+cefi. With just four months of testnet, the network handled ~100m transactions. Currently, over 80 “The project is already built on top (and there are already Uniswap + V2, V3 and V4 deployments live),” Adams said in X.
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