Uniswap V3 Officially Goes Live on ETH Mainnet Can DeFi See an Opportunity to Explode?

Bitcoin is currently up or down mainly due to the attitude of the Federal Reserve and regulators. The “big” story in the market today is the launch of Uniswap V3 on the ETH mainnet.

The cryptocurrency market has not performed badly in the past few days. Although Bitcoin’s gains were limited, Ether and other old mainstream coins climbed to new peaks during this period, and for holders of the old mainstream coins, a look at their accounts after the holidays is a new wave of wealth growth.

We should now focus on the current and future markets.

The “big event” in the market today is the launch of Uniswap V3 on the ETH mainnet.

Uniswap V3 is considered the most powerful version of the Uniswap protocol to date, and the main innovation of this new version is Concentrated Liquidity. “Concentrated Liquidity refers to the fact that liquidity in different price bands on the liquidity curve is provided by different people. It provides capital efficiency for liquidity providers, better execution for traders, and is a core infrastructure for decentralized finance.

Uniswap’s Swap interface is now routing trades through Uniswap V3 by default, but that doesn’t mean, Uniswap V3 will stop, Uniswap says, Uniswap V2 will continue to run and there are better rates on Uniswap V2 when alerting trading users.

Uniswap V3 Officially Goes Live on ETH Mainnet Can DeFi See an Opportunity to Explode?

The pooling interface now supports the creation of Uniswap V3 positions with multiple fee levels and a “concentrated liquidity” price range. Uniswap has also released a migration portal for Uniswap V2 and Sushiswap LPs to seamlessly migrate their assets to V3. With the introduction of “concentrated liquidity”, the migration portal requires LPs to specify a fee level and price range for the allocated With the introduction of “centralized liquidity”, the migration portal requires LPs to assign fee tiers and price ranges to the allocated liquidity.

Uniswap V3 Officially Goes Live on ETH Mainnet Can DeFi See an Opportunity to Explode?

There are no plans for v3 liquidity mining yet.

The market is still most concerned about whether the launch of V3 will bring another wave of DeFi boom, especially on the ETH chain. For DeFi in fact we have been bullish, and V3 is still deployed as usual after the delay of layer2 program, the current layer2 program has not yet ushered in the peak of landing, this favorable in fact we have been emphasizing.

This follows a paper published by the US Federal Reserve Bank of St. Louis that delves into the scaling of DeFi and its role in ethereum. The article argues that “DeFi could lead to a paradigm shift in the financial industry and could contribute to a more robust, open and transparent financial infrastructure.” What this amounts to, in effect, is an endorsement of DeFi by the world’s highest financial hall of fame, and it is a concept that everyone can look forward to, both in the near and long term.

It’s not just DeFi that will be impacted by the launch of V3.

After the launch of V3, Opensea, currently the hottest NFT platform, has started trading LP NFT, LP means liquidity provider, and the value of this part can be referred to Uniswap’s original sock NFT, the price of which has now risen to $90,000, so, not surprisingly, this batch of LP NFT also has the chance to usher in a burst of speculation.

Uniswap V3 Officially Goes Live on ETH Mainnet Can DeFi See an Opportunity to Explode?

Back to the market, after bitcoin pulled out close to 8% up yesterday, the market opened today and stepped back, fortunately the step back was also relatively average, and is still leaping to get back above $57,000.

From the plate, the day before yesterday’s big negative is still relatively thrilling, a big negative directly through the different levels of the average, is the market down signal, but fortunately yesterday and directly topped, re-wear back, and not only on the average, in the Boll band is also facing the Boll middle rail up and down the choice.

Uniswap V3 Officially Goes Live on ETH Mainnet Can DeFi See an Opportunity to Explode?

Bitcoin experienced a roller coaster within two days for a very simple reason – the attitude of the Federal Reserve, in the decline was Yellen said a sentence should be nervous about inflation, and last night different Fed officials have said that inflation this year is less likely to raise interest rates, and to maintain an accommodative monetary policy.

In fact, the last few times the market violence up and down in the process we can find, the regulatory and macro policy is certainly important, but many times uncertainty of a sentence actually does not play that big a role, or can not make the market so big fluctuations, then the greatest probability is that many times the banker will take the opportunity to smash the plate at this time to convert a chip, otherwise in the current is the market has a rising consensus The effect of the hard smash plate is very poor, but in the end may not be worth the loss.

And for such a situation, there is no impact on the spot, as long as they are not scared to flee, the real injury more serious is the contract, often up and down a crossing, the position directly disappeared.

Recently bitcoin’s biggest role is still horizontal as a market support, giving other coins the opportunity to play, the overall or upward trend.

ETH: Yesterday is again broke through $3500 and created a new high, today temporarily follow the retracement, ETH from the long-term perspective of the potential is still sufficient, short-term fluctuations do not affect much, the current market value of ETH has reached $400 billion, according to such momentum, really have and bitcoin equal opportunity to share the world.

DeFi: Although Uniswap V3 is online today, the DeFi segment is not very volatile today, and even fell, but the overall problem is not big, today is Uniswap V3, other DeFi projects also have different programs, the back is still worth looking forward to.

The current trend is more like OKB and HT, but BNB seems more independent, at least the retracement is not as strong as the other two coins, for OKB and HT, the previous rise is too much at present retracement just seems more volatility, the risk is not particularly large, of course, if the market continues to fall, then the speed of retracement is also accelerated. Of course, if the market continues to fall, the speed of the retracement will be accelerated, and the next depends on when the OK chain is officially on.

DOT: It rose more than 16% yesterday, which is the biggest increase in the near future. Previously, according to Messari’s data, DOT of Boca became the most liquid asset held by crypto venture capitalists and hedge funds. This shows that there is still a market for DOT, which is not as calm behind the price performance and still needs an outbreak cycle.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/uniswap-v3-officially-goes-live-on-eth-mainnet-can-defi-see-an-opportunity-to-explode/
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