Users of Uniswap may now use the Ethereum Name Service to access an unlimited number of subdomains via uni.eth.
Uniswap, a decentralized cryptocurrency exchange, has introduced the ‘uni.eth’ subdomain. This domain makes use of the Ethereum Name Service (ENS) to translate complicated ETH addresses into English that humans can understand. To make complex hexadecimal addresses more accessible, uni.eth allows users to shorten them into more memorable and shareable names.
The Uniswap mobile app allows interested individuals to register and obtain their uni.eth subdomain. Through an off-chain and gasless procedure, any user may get a subdomain at no cost. While the primary ENS domain is live, Uni.eth users are free to establish as many subdomains as they choose. In the case of ENS domains, a user may register one such as “john.eth” and then register many extensions, such as “info.john.eth” or “schedule.john.eth.”
The native governance token of Uniswap, UNI, is UNI, and it is presently the biggest DEX on the Ethereum network. With a 24-hour trading volume of $1.25 billion, the platform’s Total Value Locked (TVL) is $2.9 billion, according to DefiLlama statistics.
One ChatGPT ENS sold for about $10,000 on the well-known NFT marketplace OpenSea in February of last year. The sale price of ChatGPT.eth was 6 WETH, which is equivalent to about $9,981.84 in today’s currency. In general, the only discernible benefit associated with registering a ChatGPT.eth domain is the heightened visibility of the “ChatGPT” brand.
As part of its development last year, Unstoppable Domains, a digital identity platform, started giving ENS domains to their consumers. When the platform saw that another blockchain business, Emercoin, was also selling names with the same extension, it decided to cancel its own.coin domain.
Uniswap finally revealed their intentions for Version 4 last week. The Uniswap Foundation announced a potential V4 launch date in an X post; the target window is the third quarter of 2024. Included in the article was a roadmap that details the three steps needed to launch Version 4 on the mainnet. There will be a third, the actual launch, and two ongoing processes: code freeze and launch. Checking, finishing the core code, improving security, and optimizing gas are all elements of the Code Freeze.
Phase 2, Auditing and Testnet, will commence after Uniswap finishes Phase 1. During this stage, a community audit contest and thorough audits by several audit companies will take place. Also, Uniswap will make any necessary final code improvements before deploying Version 4 to its testnet.
The exact date of the mainnet launch is still unknown. Uniswap is probably going to keep this option active until the March 13th Ethereum Dencun update. Recent news of the Dencun update caused Ethereum’s price to surge near $3,000 due to widespread enthusiasm. As of right now, ETH is selling at $2,933 per coin, up 3% in the last week, according to statistics from CoinMarketCap.
Expectations of an approval for spot ETH exchange-traded funds (ETFs) also contribute to the excitement around the price of ETH. The US Securities and Exchange Commission (SEC) has not yet indicated whether or not it would approve Ethereum exchange-traded funds (ETFs), but May is the deadline.
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