- Uniswap V4 has been launched, where new functions and cost reduction mechanisms are unlocked to strengthen use cases
- Uni -Walvissen also built up 3.07 m tokens yesterday, which could spine a bullish reversal
Uniswap labs issued A new protocol version called Uniswap V4. This wants to offer lower costs and new functions to stimulate its presence in the market for decentralized Exchange (DEX).
According to DefillamaUniswap V4 is already winning at the traction, with the TVL barely one day after the launch becomes $ 5.7 million. However, this development is still to make a profit for Uni. At the time of the press, the Altcoin acted at $ 11.68 after a 2% dip in the last 24 hours.
The “largest” version of Uniswap is going live
According to CEO of Uniswap Labs Hayden Adams, V4 is the “largest, worst version of the Uniswap protocol to date.” The executive power noted That this protocol has been developing for years and will introduce innovative functions. One of these functions is a developer platform that is known as Hooks. It will make faster development cycles possible and improve liquidity on the protocol.
UNISWAP V4 will also reduce the costs for the use of Polish by 99.99%. It will also support native Ethereum (ETH)That cost-efficient will be for people who use ETH pairs. According to Adams,
: V4 will serve the liquidity infrastructure for Ethereum for years – I can’t wait to see what our incredible developer community is building at the top. “
The version is available on Layer One networks such as Ethereum, Avalanche and BNB chain. It is also used in low two, including base, optimism, arbitrum and polygon.
Can the new protocol version profit for uni stir?
Unisewap has had to deal with Beerarish due to the rising sales activity. According to Cryptoquant, Uni Exchange – Reserves rose to 71 million tokens – the highest level in more than a month.
(Source: cryptquant)
The rising exchange reserves can be a sign of decreasing trust if traders prepare to sell. Such a walk in the pressure on sale can continue to weigh on the uni price action.
And yet the launch of Uniswap V4 seems to have attracted the attention of whales or large addresses. According to IntotheblockFor example, large transactions climbed in just 24 hours from 4.01m uni to 15.64 m uni.
Most of these parts came from the purchase activity, as shown in the rise in the large holder Netflows from -47,900 uni to 3.03 m uni. This indicated that whales yesterday built up 3.07 m uni -tokens – with a value of approximately $ 33 million.
(Source: Intotheblock)
Whale accumulation can predict well for Uni if it is sufficient to compensate for the sales side. In addition, if these whales buy because of the functions that have been unlocked by Uniswap V4, this can cause a long -term upward trend in the charts.
Main levels to view
At the time of writing, the one-day graph of Uniswap revealed that bears were still under control because of the proximity of the relative strength index (RSI) to the over-sold levels. The Chaikin money (CMF) with a negative value also emphasized a high sales pressure across the board.
(Source: TradingView)
Traders must look forward to a crossover of the signal line above the RSI line, because it will form a purchase signal.
At the same time, UNI made a strong strout of the support level of $ 10.80. A violation below this level can ignite a strong downward trend. On the other hand, if Uni spends the resistance level at $ 15.25, it can ignite a strong upward trend.