Forwarded from DeFi Research | Ignas
Uniswap launches their own L2 - Unichain.
The Uni L2 launch isn't too surprising as Uniswap aims to be a platform, not just a dApp.
The first step was announcing Uniswap V4 with "hooks."
Think of them as "plugins" or "extensions" that allow for the execution of customized code during key events within a pool:
• on-chain limit orders
• autocompound LP fees
• KYC
The "hooks" are like bringing App Store to the iPhone.
Like Apple no longer needed to develop iPhone apps themselves, devs can build on top of Uniswap.
Now, the L2 further solidifies their dominance and liquidity.
This is bullish for $UNI as Uniswap DAO now has many more options for token utility.
Notice how Unichain's announcement doesn't mention token utility: they are keeping the options for now and discussions in the forum will start. Fee switch is not the only option anymore.
The good news: Uniswap decided to build on OP stack and implement native interoperability to enable single-block, cross-chain message passing among Superchain L2s.
This at least partly minimizes liquidity fragmentation. But liquidity fragmentation will likely worsen in the short term.
Is it bullish for $ETH, though? At least Uniswap is not launching their own L1.
But I believe Ethereum must find ways to accrue value from all these L2s launching on it. It's getting more urgent than ever.
The Uni L2 launch isn't too surprising as Uniswap aims to be a platform, not just a dApp.
The first step was announcing Uniswap V4 with "hooks."
Think of them as "plugins" or "extensions" that allow for the execution of customized code during key events within a pool:
• on-chain limit orders
• autocompound LP fees
• KYC
The "hooks" are like bringing App Store to the iPhone.
Like Apple no longer needed to develop iPhone apps themselves, devs can build on top of Uniswap.
Now, the L2 further solidifies their dominance and liquidity.
This is bullish for $UNI as Uniswap DAO now has many more options for token utility.
Notice how Unichain's announcement doesn't mention token utility: they are keeping the options for now and discussions in the forum will start. Fee switch is not the only option anymore.
The good news: Uniswap decided to build on OP stack and implement native interoperability to enable single-block, cross-chain message passing among Superchain L2s.
This at least partly minimizes liquidity fragmentation. But liquidity fragmentation will likely worsen in the short term.
Is it bullish for $ETH, though? At least Uniswap is not launching their own L1.
But I believe Ethereum must find ways to accrue value from all these L2s launching on it. It's getting more urgent than ever.
🔥3👍1
lots of memes that ran up multiples this week looking toppy
there'll be better entries
there'll be better entries
👍9
Forwarded from Ian's Intel
Binance Pre-Market now live: buy & sell Launchpool tokens before they're listed. — Link
X (formerly Twitter)
Binance (@binance) on X
Binance Pre-Market is live!
Buy & Sell Launchpool tokens before they’re listed.
Try now 👉 https://t.co/rn293hmxPH
Buy & Sell Launchpool tokens before they’re listed.
Try now 👉 https://t.co/rn293hmxPH
as we head into dilution i've been more focused on finding unique memes with great community/culture and i think i've found the next decent bet
$gondola
+ provenance
+ close ties with apu, both communities support each other
+ great community, i spent some days hanging inside
+ very organised tg with tons of memes
+ great chart, already tested ath range breakout thrice
+ sub 10m, great r/r for upside
+ still mostly overlooked by ct
i've been dca-ing in below 8m, looking for expansion in due time and i expect this to be a slower cook
$gondola
+ provenance
+ close ties with apu, both communities support each other
+ great community, i spent some days hanging inside
+ very organised tg with tons of memes
+ great chart, already tested ath range breakout thrice
+ sub 10m, great r/r for upside
+ still mostly overlooked by ct
i've been dca-ing in below 8m, looking for expansion in due time and i expect this to be a slower cook
Gondolas are relaxed, harmless creatures that observe their environment. They rarely interfere anything, but just keep observing. They rarely talk, just look around and smile. This makes them very different from other creatures such as spurdo, that feel, Pepe, Yoba, etc.
Gondola is the silent walker. Having no hands he embodies the Taoist principle of wu-wei (non-action) while his smiling facial expression shows his utter and complete acceptance of the world as it is.
🔥4😁1
i have a working thesis that mumu is the xrp of memes
maybe alpha, probably not
maybe alpha, probably not
👍4