- UniSWAP V4 is released to unlock new features and cost reduction mechanisms to strengthen usage cases.
- UNI WHALES was able to spike an optimistic reversal by accumulating 3.07m tokens yesterday.
There is Uniswap Labs Released A new protocol version called Uniswap V4. This is about to provide low cost and new features in the Decentralized Exchange (DEX) market.
According to DisplacementUniswap V4 is already getting traction and tvL has recorded $ 57 million a day after its launch. However, this development has not yet stimulated UNI’s interests. In the press time, Altcoin has been traded at $ 11.68 after 2% rapidly in the last 24 hours.
The “biggest” version of Uniswap is in real time
According to the CEO Hayden Adams of Uniswap Labs, V4 is “the biggest and bad version of the uniswap protocol.” Executive famous This protocol has been developed for many years and will introduce innovative features. One of these features is a developer platform known as a hook. It allows the development cycle faster and improves the liquidity of the protocol.
UniSWAP V4 reduces the cost of full deployment by 99.99%. It will also support indigenous people Ether Leeum (ETH)It is cost -effective for those who use ETH pairs. According to ADAMS
: V4 will serve as Ether Leeum’s liquidity infrastructure for the next few years. We can’t wait for our amazing developer community to build. ”
This version is available in Layer One networks such as Ethereum, Avalanche and BNB chains. It is also placed in the hierarchy TWO, including the basics, optimism, arbitration and polygon.
Can the new protocol version stir the UNI’s interests?
Uniswap has faced a weak pressure due to rising sales activities. According to Cryptoquant, UNI Exchange Reserves surged to a 71m token, the highest level a month.
(Source: cryptoquant)
The rising exchanges can be weakened as merchants are ready to sell. The increase in sales pressure continues to focus on UNI’s price behavior.
Nevertheless, the launch of Uniswap V4 seems to have attracted the interest of whales and big addresses. According to INTOTHEBLOCKFor example, a large deal has risen from 15.64m UNI in 4.01m UNI in just 24 hours.
Most of this volume came from purchasing activities, which appeared when large holder net flow rose from -47,900 UNI to 3.03m UNI. This indicated that the whale accumulated a 3.07m UNI token of $ 3.3 million yesterday.
(Source: INTOTHEBLOCK)
If you are enough to offset the sales pressure, the accumulation of whales can go well with Uni. In addition, if the whale is purchased by the Uniswap V4 unlocked function, it can rise in the long run on the chart.
Main level to watch
At the time of writing, UNISWAP’s 1 -day chart reveals that the bear is still controlled by the intimacy with the level of the relative robbery index (RSI). The negative value of Chaikin Money (CMF) emphasized the overall high sales pressure.
(Source: TradingView)
Traders must be careful with crossovers on the signal line on the RSI line to form a purchase signal.
At the same time, the UNI created a strong bounce at the level of $ 10.80. Violations below this level can ignite a strong decline. On the other hand, if the UNI violates the resistance level of $ 15.25, it can cause a strong rise.