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- The Uniswap V4 has launched, unlocking new features and mechanisms of reduction of costs to strengthen cases of use
- Uni whales also accumulated at 3.07 m yesterday, which could stimulate the turn of the bull
Uniswap Labs has released A new version of the protocol called Uniswap V4. This seeks to offer lower costs and new features to increase its presence in the decentralized exchange market (Dex).
According to BreakThe Uniswap V4 is already getting attraction, and TVL has reached $ 5.7 million barely one day after the launch. However, this development is yet to arouse the winnings for the Uni. At the time of the press, Altcoin traded at $ 11.68 after 2% of the dipping in the last 24 hours.
Uniswap ‘”Biggest” version goes live
According to Uniswap Labs Director Hayden Adams, the V4 is “the biggest, worst version of the Uniswap protocol so far.” Executive noticed That this protocol has been in development for years and will introduce innovative features. One of these features is a platform for development developers known as hooks. It will allow faster developmental cycles and improve the liquidity on the protocol.
The Uniswap V4 will also reduce the cost of arranging the pool by 99.99%. Will also support the original Ethereum (eth)which will be profitable for those using ETH pairs. According to Adams,
: V4 will serve for years as an infrastructure for liquidity for Ethereum – I can’t wait to see what our amazing programmer community is building at the top. “
The version is available on layers of the one such as Ethereum, Avalanche and BNB chain. It is also deployed to a layer of Twos, including base, optimism, arbit and polygon.
Can a new version of the protocol mix winnings for UNI?
Uniswap faced a bear pressure because of the growing sales activity. According to Cryptoquant, Uni Exchange reserves have increased to 71 million tokens – marking the highest level in more than a month.
(Source: Cryptoquant)
Reserves of growing exchanges can be a sign of confidence fingering because traders are about to sell. Such an excursion in pressure on sales could still strive for the Uni’s price range.
Yet, the starting of the Uniswap V4 seems to have attracted the attention of whales or large addresses. According to IntoteblockFor example, large transactions climbed from 4.01 million UNI to 15.64m Una in just 24 hours.
Most of these volumes came from shopping activities, which can be seen in the rise of large brackets from -47,900 UNI to 3.03 million Uni. This indicated that the whales yesterday accumulated 3.07 million Uni tokens – worth about $ 33 million.
(Source: Intotheblock)
The whale accumulation could fight well for the Uni if it is enough to make up for the pressure on the sales side. Furthermore, if these whales are purchased due to the features unlocked by the Uniswap V4, this could trigger a long -term increase in the ladder.
Key levels to view
At the time of writing, the Uniswap one-day chart revealed that the bears were still in control because of the closeness of the relative strength index (RSI) with the exceeded levels. Chakin’s money (CMF) with a negative value also highlighted high pressure from sales throughout the board.
(Source: TraringView)
Traders should look after the crossover signal line above the RSI line as this will form a purchase signal.
At the same time, the Uni bounced strongly from the support level of $ 10.80. A violation below this level could light a strong drop. On the other hand, if the Uni violates the level of resistance to $ 15.25, it could ignite a strong cultivation.
