UniSwap Joins Bitcoin and Other ‘Heavyweights’ on the Bitwise Index
The Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of the 10 largest digital assets ‘as measured and weighted by free-float market capitalization’. The 10 constituents of the index are as follows.
Uniswap Runs for Over 818 Days Without Any Downtime
The addition of Uniswap (UNI) to the Bitwise 10 Large Cap Index comes at a time when the protocol is celebrating over 818 days since its launch. The inventor of Uniswap, Hayden Adams, celebrated the milestone via the following statement that highlighted that the protocol has had zero downtime since its launch, and over $75 Billion in trading volume.
It has been 818 days since the launch of @UniswapProtocol v1 on a $100k grant.
Since then there have been 0 seconds of downtime with over $75B in trading volume.
Welcome to the unstoppable, decentralized future of trading.
Uniswap Twitter Name Updated to @Uniswap
Also this week, the team at Uniswap announced that they were now in control of the @Uniswap handle on Twitter in addition to the existing @UniswapProtocol. The announcement was made by the Uniswap team via the following tweet.
With respect to price, Uniswap (UNI) has set a new all-time high today, January 30th, of $16.40 – Binance rate. This value is roughly a 3.64x increment since the year began. January 1st found Uniswap (UNI) trading at approximately $4.50 signifying a 264% increment in value in exactly one month.
Chances are that the price of Uniswap keeps going higher into the weekend as the crypto-verse digests the news of UNI being added to the Bitwise 10 Large Cap Index. However, Uniswap’s price is in overbought territory. Therefore, traders and investors are advised to use stop losses when trading UNI on the various derivatives platforms.