Uniswap (UNI) has achieved a new milestone by surpassing 3 million multichain addresses.
Uniswap, a groundbreaking DEX, is enjoying a moment of glory today as it celebrates a significant milestone in its acceptance of multiple chains. Updated information on X indicates that 3,271,574 people are making use of Uniswap multichain protocols at the moment. Ethereum, Arbitrum, Celo, Binance Coin (BNB), Base, Polygon, and Avalanche are the specific chains that are applicable.
Uniswap entered the market on the Ethereum blockchain as an AMM. Uniswap has been steadily growing thanks to user acceptance, and it has recently expanded to additional networks, further extending its reach. The exchange has forecasted that multichain will be the industry’s future, demonstrating the influence of blockchain ecosystem interoperability.
Uniswap provides superior multichain support and other capabilities compared to its competitors, but it still lacks integration for many chains. The native token’s price demonstrate that the upgrade has aroused interest among Uniswap investors.
Uni shares are trading at $8.06 per share as of this writing, representing a gain of 2.3% in the last 24 hours and almost 11% in the last seven days. The token’s record of rapid adoption may alter its worth in the long run, as there have been more days of drawdown.
Uniswap may seem to be in a dominant position, and the DEX boasts dazzling numbers, but it faces a big obstacle in the form of a potential litigation with the US Securities and Exchange Commission (SEC).
U.S. Securities and Exchange Commission Chairman Gary Gensler warned Uniswap in a Wells Notice earlier last month that the company might face litigation for its offers, which the SEC has categorised as investment contracts. This has prompted Uniswap creator Hayden Adams to declare his intention to sue the SEC, following in the footsteps of previous legal challenges against Binance, Coinbase, and Ripple Labs.
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