{"id":30811,"date":"2024-10-11T16:00:38","date_gmt":"2024-10-11T13:00:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30811"},"modified":"2024-10-11T11:44:08","modified_gmt":"2024-10-11T08:44:08","slug":"uniswap-rises-after-unichain-news","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/uniswap-rises-after-unichain-news\/","title":{"rendered":"Uniswap Rises After Unichain News!"},"content":{"rendered":"<div>Uniswap (UNI) Surged Rapidly Following the Launch of Its Layer-2 Solution, Unichain<\/div>\n<div><\/div>\n<div>Uniswap\u2019s native token UNI gained significant attention in the market after the launch of the Layer-2 network, Unichain, announced on October 10. Following the announcement, UNI increased by 15% daily. Over the past week, UNI&#8217;s price has risen by 25%, with a 23% increase over the last 30 days. Its daily trading volume surged by 418%, reaching $583.2 million. With a market capitalization of $5 billion, UNI is ranked 20th on <strong><a href=\"https:\/\/coinengineer.net\/blog\/coinmarketcap-holds-first-cmc-crypto-awards\/\">CoinMarketCap<\/a><\/strong>.<\/div>\n<div><\/div>\n<div>The innovations at Uniswap continue to attract interest. This strong rise in UNI followed the release of Unichain, a Layer-2 blockchain network specifically developed by Uniswap Labs. Uniswap Labs stated that Unichain aims to provide faster and more cost-effective transactions across blockchain networks, along with enhanced interoperability.<\/div>\n<div><\/div>\n<div>The new application chain will initially operate with 1-second block times, with plans to reduce this to below 250 milliseconds in the future. Since Unichain is built on Optimism&#8217;s Superchain infrastructure, investors will also have access to liquidity from other Layer-2 networks, such as Coinbase&#8217;s Base and Synthetix&#8217;s SNAXchain.<\/div>\n<div><\/div>\n<div>UNI price surged strongly after a long period of stagnation. According to Cointelegraph Markets Pro data, UNI&#8217;s price rose by over 17% on October 10, climbing from $7.20 to $8.46 following the launch of Unichain. On-chain analysis platform CryptoQuant noted a significant increase in activity on the Uniswap network. On October 9, only 40 transactions were made, but this number jumped to 673 on October 10, marking a 1,582% increase.<\/div>\n<div><\/div>\n<div><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap (UNI) Surged Rapidly Following the Launch of Its Layer-2 Solution, Unichain Uniswap\u2019s native token UNI gained significant attention in the market after the launch of the Layer-2 network, Unichain, announced on October 10. Following the announcement, UNI increased by 15% daily. Over the past week, UNI&#8217;s price has risen by 25%, with a 23%<\/p>\n","protected":false},"author":23,"featured_media":30821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[230,196,8977,71],"class_list":["post-30811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-coinmarketcap","tag-layer-2","tag-unichain","tag-uniswap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uniswap Rises After Unichain News! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/uniswap-rises-after-unichain-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Rises After Unichain News! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Uniswap (UNI) Surged Rapidly Following the Launch of Its Layer-2 Solution, Unichain Uniswap\u2019s native token UNI gained significant attention in the market after the launch of the Layer-2 network, Unichain, announced on October 10. 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