Summary:
•Uniswap announced the launch of a new wallet that will be located in the browser sidebar and provide a more granular transaction process.
•The wallet will provide a limit order function to automatically execute transactions to meet the user's preset price.
•The launch follows the launch of the Ethereum ETF, which has renewed excitement for holdings. Since September 2023, Uniswap’s price increase has reached 111%.
Uniswap recently launched a browser sidebar crypto wallet to enhance user experience. The development comes against the backdrop of growing interest in restaking and the potential for Ethereum exchange-traded funds (ETFs), making Uniswap a potential competitor to the established MetaMask.
Following the release of Uniswap V4, the platform has launched this new non-custodial wallet. The move is part of Uniswap’s broader strategy to innovate in the cryptocurrency wallet space.
Uniswap vs. MetaMask: Preface to a new chapter
In response to governance proposals, Uniswap has launched its new browser-based self-hosted crypto wallet waiting list. The wallet aims to modernize the trading process and user interface, offering features such as setting limit orders for up to one year on any coin. This feature is designed to facilitate automated trade execution at user-specified prices without the need for constant market monitoring.
Registration for the waitlist is now open and holders of uni.eth usernames will receive early access. As of the time of publication, Uniswap Labs has not responded to a request for comment on this release.
The wallet announced the news shortly after Uniswap proposed changes to its governance structure. The proposal involves staking tokens to delegated parties who have a say in the direction of the protocol.
Following this governance proposal, the Uniswap token (UNI) saw a 50% price increase in 24 hours. As of last update, the coin’s price has increased by 2.3% over the past day and is currently trading at $11.14.
The highly competitive cryptocurrency wallet industry
The launch of the Uniswap wallet comes at a time of significant growth for MetaMask’s user base, with a 55% increase in new users from September 2023 to January 2024. Cryptocurrency markets have also been affected by excitement over the approval of Bitcoin and Ethereum spot ETFs, which has led to significant price swings in these assets.
Since the U.S. Securities and Exchange Commission approved 11 Bitcoin ETFs on January 11, 2024, the price of Bitcoin has exceeded $60,000. Meanwhile, the price of Ethereum has doubled since September 2023 and is now trading at $3,477.60. The increase represents a 111.3% price increase since September last year.
Despite market optimism, Bloomberg analyst James Seyffart is cautious about the imminent approval of an Ethereum ETF in 2024.
Seyffart said,
“I’m cautiously optimistic about an Ethereum ETF being approved this year, but I wouldn’t be surprised if it was rejected in May. I’m nowhere near as confident as I was with a Bitcoin ETF.”
随着加密货币市场的发展，以太坊网络正在接近100 万验证者的重要里程碑。这种增长在一定程度上受到了“再抵押”服务的流行的推动，例如EigenLayer，该服务允许从Lido Finance等加密质押服务中对 ETH 衍生代币进行再投资，以获得额外奖励。
#Uniswap #加密货币钱包
