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Uniswap Comes to Polygon, Sending MATIC to Record High
Uniswap users voted to deploy the exchange's smart contracts on Polygon.
When making a trade on the decentralized exchange (DEX) Uniswap, the fees to tap into the Ethereum network can run past $100.
Uniwap and layer-2 blockchain Polygon want to alleviate that pain. They announced that Uniswap is available on Polygon, which was built to take some of the strain off the Ethereum network.
Uniswap is governed by holders of its native UNI token, predominantly composed of the exchange's users. Last week, they voted overwhelmingly to deploy smart contracts from the v3 version of the protocol onto Polygon. The deployment was finalized.
"With this deployment, Uniswap as the flagship Ethereum project returns back to the original promise and again offers low fees and open access to everyone," wrote Polygon co-founder Mihailo Bjelic in an announcement.
The deployment has been good news for holders of MATIC, Polygon's own token, which can be used to place votes on governance issues as well as to pay transaction fees. The price has risen 35% in the last week and nearly 14% in the past day, setting a record high of $2.66 in the process.
After Backlash, Ubisoft Calls Gaming NFTs a ‘Major Change That Will Take Time’
The publisher is pushing ahead with NFT plans, and will “stay true” to its principles amid a partnership with crypto startup Aleph.im.
Ubisoft recently became the first traditional gaming giant to implement in-game NFTs with the launch of its Tezos-based Quartz platform, but the publisher faced significant backlash from gamers. Today, alongside announcing a new alliance with Aleph.im, Ubisoft discussed the fan response, calling video game NFTs a “major change” for players.
Musk and Dorsey Blast Web3 as 'Centralized' Gimmick Controlled by Venture Capitalists
The CEOs of Tesla and Square touched off one of the year's best crypto spats, picking a fight with the powerful VC firm Andreessen Horowitz.
Two of the biggest names in crypto and Silicon Valley—Tesla CEO Elon Musk and Square CEO Jack Dorsey—took to Twitter on Monday night to fire shots at Web3 and the powerful venture capital firm that has done most to promote it.
Dorsey laid the table for the dust-up earlier in the day when he replied to a tweet from the rapper Cardi B, who had asked if crypto might replace the dollar. Dorsey's take? Bitcoin will. Bitcoin, not "crypto.”
rsey's reply is just the latest reminder of his staunch Bitcoin-only stance.
Hours later, Dorsey—who until last month was also CEO of Twitter—began venting in earnest when he took aim at Web3, which has become a buzzword that its evangelists use to describe a new era of the Internet that will replace powerful tech companies with a decentralized system of blockchains. The primary proponent of the vision has been VC firm Andreessen Horowitz (a16z) and its allies, leading Dorsey to tweet this:
This was followed by a lot more tweets illustrating the involvement of VCs
LUNA Hits New All-Time High As Cosmos Coins Post Double-Digit Gains
The total value of crypto assets locked in the Terra ecosystem has hit a new milestone, exceeding $20 billion.
Algorithmic stablecoin platform Terra has hit a new all-time high as fellow Cosmos-based coins have posted double-digit gains in the last day.
Having surpassed Binance Smart Chain as the second-largest decentralized finance (DeFi) protocol on Tuesday, Terra's LUNA token today reached an all-time high of $97.90. At time of publishing, LUNA is just over $95, up 12.8% on the day, per CoinGecko.
Despite just 13 projects built on the Terra ecosystem, the total value of assets locked (TVL) in the protocol has now reached $20.7 billion, up 15% over the past day, and 64% in the past week, according to DefiLlama.
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