Today, we’ll analyze Uniswap, Helium, and Idex as we continue our research of the most intriguing cryptocurrencies of the month by examining pricing and market data and presenting the most recent news.
Prices and market data for the digital currencies Idex (IDEX), Helium (HNT), and Uniswap (UNI)
Let’s start with Uniswap, which is now ranked 20th among the top cryptocurrencies and is the most significant project among the three projects mentioned above.
The UNI token has not had the best week despite numerous network updates. The cost of Uniswap is $5.39, down -12.27% from the previous week.
With a daily trading volume of $76 million, Uniswap has a market capitalization of up to $3.1 billion. According to data from Coinbase, there are 577.5 million UNI in circulation.
Let’s examine Helium, who has truly excelled over the past month, with a more upbeat viewpoint. HNT is now worth $1.84 after experiencing a price spike of 54.27% in as few as 30 days.
In terms of market data, Helium has a market value of $265.3 million and a $5.6 million 24-hour trading volume. 143.9 million HNT are currently in circulation.
It is clear that a great way has to be traveled before reaching its all-time high of US$55.2.
The IDEX cryptocurrency has also had a stellar month, with a 24.1% growth bringing its price to 0.0654. The market capitalization is $44 million, and there was $86 million worth of trade today.
673.9 million IDEX are now in circulation, with a holding period of 6 days on average. Idex is likewise a long way from its record high price of $0.97.
The debut of Uniswap V3 on Polygon zkEVM is imminent
Following the introduction of Polygon’s zkEVM Layer 2 network, Uniswap, the largest decentralized exchange (DEX) by trading volume, recently revealed plans to deploy its eagerly awaited V3 iteration.
The decision was reached via a unanimous governance vote, demonstrating the support and confidence the community has in this project.
Both Uniswap and Polygon are anticipated to gain a lot from this decision.
The Layer 2 scalability technology offered by Polygon’s zkEVM, which enables quicker and less expensive transactions on the Ethereum network, will be useful to Uniswap.
Early adoption on this network will allow Uniswap to solidify its position as the top DEX and establish itself as a pioneer in decentralized finance (DeFi).
Contrarily, Polygon will profit from greater adoption and usage of its most current Layer 2 scaling solution. By bringing in additional people, Polygon’s network will be able to grow both its ecosystem and value proposition.
Following a successful debut on the Polygon Proof-of-Stake (PoS) chain, Uniswap decided to implement Polygon’s Layer 2 network. The PoS chain, which has a total value locked (TVL) of $98 million, is still Uniswap’s third-largest deployment. This highlights even more how effectively Uniswap and Polygon work together.
The adoption of Uniswap V3 on Polygon’s zkEVM Layer 2 network is anticipated to have a significant positive impact on both platforms. These transactions will be quicker and less expensive for Uniswap, which will enhance customer experience and overall liquidity. Additionally, gas costs will be decreased, opening up the platform to smaller traders who may have been turned off in the past by exorbitant prices.
Increased adoption and usage of Polygon’s Layer 2 solution will support the company’s positioning as a major participant in the DeFi ecosystem. This will boost the Polygon network’s position in the market by drawing in more developers, users, and projects.
Successful migration of helium to Solana
After a year of preparation, the Helium network has moved to the Solana blockchain. The largest decentralized wireless network has entered a new phase of scalability, expansion, and dependability.
Helium Network supports LongFi, a decentralized wireless network that connects devices using unlicensed spectrum. This network is successful with over 200,000 hotspots in 150 countries.
The network needed to scale to meet user expectations as it grew. Solana’s speed, scalability, and low transaction fees made it the new platform.
Solana should improve Helium’s network. Scalability will increase the network’s transaction capacity. This will assist manage the network’s growing users and devices and maintain it reliable.
Solana will also cut transaction fees, which are a major issue for Helium network users. Solana’s cheap transaction fees make the network easier to utilize.
Moving to Solana improves security. Even if the Helium network is attacked, Solana’s advanced security will keep it safe.
The move to Solana will help the Helium Network meet the needs of its growing user base and expand.
Solana’s speed, scalability, and low transaction costs will help the Helium Network maintain its position as the world’s largest decentralized wireless network.
