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Daily Brief

Unpacking Uniswap’s Unichain

gm Bankless Nation, is the adoption of appchains about to enter hyperspeed?
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Oct 10, 20243 min read
Unpacking Uniswap’s Unichain
Published on Oct 10, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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LATEST POD
The Unichain is Here

The Uniswap Unichain has arrived 👀

Joining us today are Hayden Adams of Uniswap and Karl Floersch of Optimism to explain the exciting new release and vision for the future of Ethereum and appchains.

Hear all of the analysis! 👇

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ANALYSIS
Unpacking Uniswap's Unichain
Bankless Author: Jack Inabinet

The Unichain has arrived and could soon become crypto's go-to liquidity hub.

Crypto enthusiasts have long speculated about the role application-specific L2s can play in the battle to scale Ethereum while maintaining decentralization, and with today’s unveiling of the Unichain, it's finally time to test how a general-purpose application performs inside of an isolated execution environment.

Let's explore Uniswap's bold leap and what it means for the future of DeFi 👇

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NEED TO KNOW
Trump's $300M Token Sale
  1. 🇺🇸 World Liberty Financial Aiming to Raise $300M in Token Sale. The Trump Family DeFi project is expecting big gains from its initial sale of tokens next week.
  2. 👤 Justin Sun Elected 'Liberland' Prime Minister. The experimental micro nation bordering Serbia boasts BTC as its official currency.
  3. 💰 SEC Sues Trading Firm Cumberland DRW. The SEC's latest crypto suit accuses the firm of operating as an unregistered dealer handling $2 billion in crypto.
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MARKET VIBES
Crypto Slips

📸 Daily Market Snapshot: Bitcoin fell below $60K for the first time this month as the broader crypto market slumped alongside TradFi indices in reaction to the latest inflation data release, which had improved but wasn't quite as solid as analysts were hoping.

Prices as of 5pm ET 24hr 7d
Crypto $2.09T ↘ 1.7% ↘ 0.5%
BTC $59,639 ↘ 2.2% ↘ 1.9%
ETH $2,359 ↘ 2.2% ↗ 0.8%
UNI $8.03 ↗ 10.9% ↗ 23.1%

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New Token Rating: Uniswap will finally enable UNI utility with the deployment of its Unichain! Should you be loading your bags with UNI ahead of mainnet?

FRIEND & SPONSOR: MANTLE

Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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