Uniswap flashing green, bashing foes

Uniswap (UNI) is busting loose. Over the past 24 hours, UNI rose 6.4% to $28.60. That's still about 12% off the all-time high reached two weeks ago. Over seven days, the king of decentralized exchanges has risen by 12.6%

At a time when various factions within crypto are finding their own groove, apart, together, there is a orderly bookcase of use-case categories, such as value store, payments and the one we like to call "middleman wipeout", otherwise known as decentralized finance (DeFi); and tucked neatly on that shelf there’s some intense action in decentralized exchanges. Among DEXs, Uniswap is of utmost importance.

It has a 55% market share of trading volume and, as of last month, enjoyed 10 times the number of active users when compared to its closest competitor, SushiSwap.

On a day when several other DeFi-feathered birds are flapping their wings but not going anywhere, UNI is surging, possibly owing to the mystery-shrouded hype surrounding its v3 upgrade, which is said to be coming soon.

What new potential features are to be unveiled? Let the conjecture begin, as details remain hard to come by, beyond logical speculation based on public information.

Hayden Adams, an Ethereum developer who invented the Uniswap Protocol posted a snap twitter poll that seemed almost more of a tease/taunt than curious query, which it was: “When Uniswap v3 details are announced which will you read first?”

The choices were: announcement blog post; @Uniswap tweetstorm; Uniswap v3 whitepaper and rando twitter reactions – mark us down for all of the above!

With Ethereum gas prices spiking, SushiSwap is porting its platform onto five additional networks, deploying smart contracts on xDai, Moonbeam Network, Binance Smart Chain, Polygon and Fantom (Cointelegraph). The DEX is also considering a Solana port.

Since the tendril-extension news yesterday, the DEX’s token, Sushi (SUSHI), fell 5% to about $17.60 over the 24 hour period ending Thursday at 8 a.m. (EST).

Another DEX competitor, Balancer (BAL), meanwhile, has announced gas-expense-propelled ports onto Moonbeam and Polkadot.

Among the growing list of Ethereum challengers jockeying for position as developers' smart-contract-platform-of-choice, there’s definitely one on which to keep close tabs: TRON (TRX).

As Ethereum confronts scaling issues and pushes ahead with the ETH 2.0 rollout, the Tron network is embarking on a dramatic period piece, introducing its first-ever public oracle system, Bridge Oracle.

Let the deployment of real-world connected decentralized applications (DApps) begin (Coingape).

Venture capitalist Tim Draper predicts Netflix will be the next big company to load up on Bitcoin. Or might the next bombshell balance sheet buy come from Twitter?

On March 1, the social media company announced that it intends to raise $1.25 billion selling convertible senior notes, prompting Morgan Creek's former top crypto researcher, Anthony Pompliano, to issue a buzz-generating hypothesis, that Twitter’s note auction plans are an indication that it would purchase BTC with the proceeds.

Parsing Powells: In remarks before the Senate Banking Committee, Federal Reserve Chairman Jerome Powell mentioned that a digital dollar was a "high-priority" project. The stir that followed was inconsequential compared to the one in July 2019 when the Fed chairman confirmed his view that Bitcoin indeed is “a store of value.”

Parsing Jerome Powell’s fairly unambiguous BTC views hardly strains the mind, and his remarks should not be confused with the views of Jesse Powell, the Kraken CEO who said he expects BTC will rise to infinity.