HomeCryptoCrypto news and prices of Uniswap, Helium and Idex

Crypto news and prices of Uniswap, Helium and Idex

We continue our analysis of the most interesting crypto assets of the month, analyzing prices and market statistics, providing the latest news: today we will cover Uniswap, Helium and Idex. 

Prices and market statistics of the crypto assets Uniswap (UNI), Helium (HNT) and Idex (IDEX)

Let’s start with the most important project compared to the three mentioned above, namely Uniswap, in the 20th position in the ranking of the largest cryptocurrencies.

Despite several network upgrades, the week for the UNI token has not been one of the best. Uniswap’s price is $5.39 with a -12.27% drop in the last seven days.

In terms of market capitalization, Uniswap holds as much as $3.1 billion with a daily trading volume of $76 million. The outstanding supply is 577.5 million UNI, according to Coinbase data. 

With a more optimistic look, let’s analyze who has really performed great over the past month, namely Helium. In as many as 30 days it has realized a 54.27% increase in its price, and now the value of HNT is $1.84. 

As for market statistics, Helium has a market capitalization of $265.3 million with a trading volume (in the last 24 hours) of $5.6 million. The circulating supply is 143.9 million HNT. 

Taking a look at its all-time high of US$55.2, we can definitely say that there is still a long way to go to reach it. 

IDEX crypto can also boast of an excellent performance in the past month, with a 24.1% increase brought its price value to 0.0654. The market capitalization is $44 million and today’s trading volume is $86 million. 

The circulating supply is 673.9 million IDEX with an average holding time of 6 days. Idex is also far from its all-time high of $0.97. 

Uniswap V3 is ready to launch on Polygon zkEVM.

Uniswap, the leading decentralized exchange (DEX) by trading volume, recently announced plans to deploy its highly anticipated V3 iteration on Polygon’s recently launched zkEVM Layer 2 network.

The decision was made after a unanimous governance vote, indicating the community’s support and confidence in this initiative.

This move is expected to result in significant benefits for both Uniswap and Polygon.

Uniswap will be able to take advantage of the Layer 2 scalability technology provided by Polygon’s zkEVM, which enables faster and cheaper transactions on the Ethereum network. 

With early implementation on this network, Uniswap can establish itself as a leader in decentralized finance (DeFi) and consolidate its position as the number one DEX.

Polygon, on the other hand, will benefit from increased adoption and use of its recently launched Layer 2 scaling solution. This will help attract more users to Polygon’s network, thereby increasing its overall ecosystem and value proposition.

Uniswap’s decision to deploy Polygon’s Layer 2 network comes after its successful launch on the Polygon Proof-of-Stake (PoS) chain. The PoS chain remains Uniswap’s third largest deployment, with a total value locked (TVL) of $98 million. This further demonstrates the strong partnership and collaboration between Uniswap and Polygon.

The implementation of Uniswap V3 on Polygon’s zkEVM Layer 2 network is expected to bring numerous benefits to both platforms. For Uniswap, these will be faster and cheaper transactions, which will improve user experience and overall liquidity. It will also reduce gas fees, making the platform more accessible to smaller traders who may have previously been discouraged by high fees.

For Polygon, increasing the adoption and use of its Layer 2 solution will help establish it as a key player in the DeFi ecosystem. This will help attract more developers, users and projects to the Polygon network, further strengthening its position in the market.

Helium successfully migrates to Solana

After more than a year of planning and development, the Helium network has successfully migrated to the Solana blockchain. This marks a significant milestone for the world’s largest decentralized wireless network, ushering in a new era of scalability, expansion and reliability.

Helium Network is a decentralized wireless network that allows devices to communicate with each other using LongFi, a wireless technology that operates in the unlicensed spectrum. This network has already achieved significant success, with more than 200,000 hotspots deployed in more than 150 countries worldwide.

However, as the network continued to grow, it became increasingly clear that it needed to scale to meet user demands. This led to the decision to migrate to the Solana blockchain, known for its speed, scalability and low transaction fees.

Migration to Solana is expected to bring numerous benefits to the Helium network. For starters, it will significantly improve the scalability of the network, enabling it to handle a much higher volume of transactions. This will help manage the growing number of devices and users in the network, ensuring that it remains reliable and efficient.

In addition, the migration to Solana will help reduce transaction fees, which are a major problem for Helium network users. By taking advantage of Solana’s low transaction fees, users will be able to access the network more conveniently, thereby increasing its accessibility and attractiveness.

Another key benefit of migrating to Solana is improved security. Solana’s advanced security features will help ensure that the Helium network remains secure and resilient, even in the face of potential attacks or security threats.

The migration to Solana represents a significant step forward for the Helium Network, enabling it to meet the demands of its growing user base and continue to expand its reach. 

By taking advantage of Solana’s speed, scalability and low transaction fees, the Helium Network is well positioned to maintain its position as the world’s largest decentralized wireless network and a key player in the emerging field of decentralized wireless communication.