Uniswap v3 Approved for Binance BNB Chain Launch, Setting New Standards

• Uniswap v3 was approved by a temperature-checking vote over Binance BNB Chain, despite objections to its centralization.
• This will be the first time Uniswap is deployed on a platform with higher degree of centralization.
• The vote garnered the greatest number of participating wallets in Uniswap Governance History.

Uniswap, the decentralized exchange system (DEX) has recently taken a major step forward in its development – opting for a launch on Binance BNB Chain. Despite some objections raised against the platform’s higher degree of centralization, the proposal received an overwhelming majority in a temperature-checking vote, garnering more than 80% in favor of the deployment of Uniswap v3 over BNB Chain.

This vote was a milestone in Uniswap’s Governance History, as it achieved the highest number of participating wallets with 99% of the 24.9 million votes coming from only 0.1% of the wallets. Uniswap v3 is the first major update for the platform since it was launched in April 2021. The code for the protocol is still being developed under a two-business license and will be released as open source upon expiration.

Uniswap v3 also marks a shift in the platform’s focus, as it currently only runs on five blockchains – Ethereum, Polygon, Arbitrum, Optimism, and Celo – with 90% of its entire value locked on Ethereum (TVL). This is in stark contrast to other popular DEXs such as Curve and Sushi, which have deployed their protocols on up to 12 and 23 blockchains respectively.

The launch of Uniswap v3 on Binance BNB Chain could challenge the dominance of Pancake Swap, the top exchange on the BNB Chain, which is a fork of Uniswap’s more straightforward v2. Pancake Swap has a total value locked of $2.45 billion, which is more than double Uniswap’s current TVL.

Plasma Finance, the promoter of the proposal, believes that the shift to Binance BNB Chain will bring numerous benefits to Uniswap. It will enable Uniswap to tap into a larger user base and offer better liquidity as well as faster transaction speeds. Additionally, the BNB Chain is also known for its low transaction fees and security, which will be beneficial for Uniswap users.

Uniswap’s move to Binance BNB Chain is an exciting development for the DEX and the wider crypto industry. It signals the platform’s commitment to expanding its reach and providing users with enhanced features and services. It will be interesting to see how Uniswap performs on the BNB Chain, and whether it will be able to challenge the dominance of Pancake Swap.

3AC Duo Reunites to Launch Crypto Exchange GTX, Raising $25M

– The founders of the failed crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, are planning to raise $25 million for a new cryptocurrency exchange called GTX.
– GTX is a spinoff from FTX and will allow depositors to transfer their FTX claims and get credit using a token called USDG.
– The executive team of GTX is comprised of executives from CoinFlex, including the chief technology officer and general counsel; the exchange is planning to launch as early as February.

The crypto community has been stirred by the news of the return of Su Zhu and Kyle Davies, the two co-founders of the once-prominent Three Arrows Capital (3AC). The two have been making plans to raise $25 million for a new cryptocurrency exchange, GTX, which is expected to fill the gap that FTX has left behind.

The pitch decks for GTX refer to the exchange as “because G comes after F”, indicating its connection to FTX. The exchange will allow depositors to transfer their FTX claims and get credit using a token called USDG. To make this possible, the 3AC duo is teaming up with Mark Lamb and Sudhu Arumugam, the co-founders of CoinFlex.

GTX will be powered by the technology provided by CoinFlex, an exchange that is also in the process of restructuring. It will also have a legal team to oversee the claims triggered by bankruptcies, such as those of Celsius and Voyager. The executive team of GTX is comprised of several executives from CoinFlex, including the chief technology officer and general counsel.

The launch of GTX is expected to take place as early as February, and the crypto community is eager to see what this exchange can bring to the table. This is especially true given the fact that 3AC’s collapse was one of the biggest failures in the crypto industry in 2022. With a strong executive team and a sound business strategy, GTX could be the revival the crypto community needs.

GALA Price Prediction 2023: Will This Play-to-Earn Platform Succeed?

• This week, GALA had a pump and the article evaluates the price prediction for GALA in 2023.
• Gala Games develops blockchain play-to-earn games and has made a major acquisition, resulting in a significant increase in the price.
• Gala Games Ecosystem aspires to create a strong gaming community for its users, and currently has fourteen games available and is developing GalaChain.

Gala Games is making a big impact in the blockchain gaming industry. This week, GALA had a pump, and the article will evaluate the price prediction for GALA in 2023. Gala Games develops blockchain play-to-earn games, which are run on Ethereum and Binance Smart Chain. It’s a platform for game developers, making them profitable and giving players control.

The Gala Games Ecosystem aspires to create a strong gaming community for its users. It recently made a major acquisition, resulting in a significant increase in the price. The ecosystem currently has fourteen games available. Gala’s store sells in-game resources, and it is also developing GalaChain, the first blockchain designed for games. This will help reduce fees and make them more stable.

In terms of price analysis, GALA is currently trading at $0.037 and has a market cap of $262.41 million. It has seen a rise of nearly 10% in the last 24 hours. This is likely due to the acquisition and the positive news around the project. In terms of market capitalization, GALA is the 17th largest cryptocurrency.

It’s important to note that GALA isn’t the only play-to-earn option available. Investors should look into other prospective play-to-earn platforms to see which ones are making a difference. As for the GALA price prediction for 2023, it is difficult to predict as the cryptocurrency market is very volatile. It is possible that further acquisitions, positive news, and increased adoption could result in a higher price for GALA.

Overall, GALA is looking to be a very promising play-to-earn option in 2023. Its acquisition and the development of GalaChain have both been major positives for the project. It will be interesting to see how the price of GALA develops over the coming year. Investors should note that the cryptocurrency market is unpredictable and should always be prepared for any potential risks.

Ethereum Price Fights Resistance After FTX Collapse: Will It Bounce Back?

• After the FTX collapse, Ethereum price has been fighting resistance from moving averages.
• Crypto analysts expect Ethereum to drop a little more and possibly oscillate drop to $700 or even $250.
• Ethereum may need support from the wider market to return to $2,000 and possibly break out to new record highs.

The cryptocurrency market has been through a tumultuous period since the collapse of FTX in November of last year. This has left Ethereum price fighting resistance from the moving averages, more than six weeks after the FTX collapse ended a strong pull toward $18,000. Ethereum’s recovery from $11,26 on November 29 followed better-than-expected U.S. Consumer Price Index (CPI) data.

Nevertheless, just like the wider crypto market, the now proof-of-stake (PoS) cryptocurrency has been shaky throughout 2022. This was further exacerbated by the move by investors to take profits after the Fed announced that it was increasing rates by 50 basis points. The central bank warned that controlling the runaway inflation was still on top of its agenda going into the new year.

As such, market participants are now waiting to see how the market will respond to the Fed’s hawkish stance in 2023. In the meantime, crypto analysts expect the largest altcoin by market capitalization to drop a little more and possibly oscillate drop to $700 or even $250.

A return to $2,000 and possibly a breakout to new record highs may need support from the wider market as the space struggles to shake off the after-effects of Terra’s and FTX’s collapse. Sizetrades, a pseudonymous Ethereum analyst on Twitter, told his over 11,900 followers that Ethereum’s technical set pointed to a continuation of the downtrend. He posted a chart showing Ethereum price was about to confirm a breakdown below the symmetrical triangle with „$ETH measured move“ to $800.

In addition, the analyst stated that Ethereum’s failure to break out of the bearish triangle could be an indication that the altcoin could move lower and likely test the $700 and $250 support zone before bouncing back. As such, Ethereum investors should be weary of the bearish sentiment and be ready to take advantage of any possible bounce back to $2,000.

It remains to be seen whether Ethereum will be able to regain its footing and return to the $2,000 mark. What is clear is that the altcoin will need some sort of support from the wider market in order to make such a return. For now, the best that investors can do is to stay informed and remain vigilant in order to take advantage of any possible rebounds.

Holo (HOT) Soars 14%, Brings Hope to Bearish Crypto Market

• Holo (HOT) was one of the few coins to show a positive trend in the bearish crypto market, rising 14% to a daily close of $0.00163.
• Holo crypto token works to power Holochain, a peer-to-peer (P2P) network wherein Holochain users can store data and apps across the network.
• HOT tokens can be earned by users who use their computing power to store on the Holochain network.

The cryptocurrency market has been subject to a downward slide in recent hours, with the value of Bitcoin dropping considerably. This has caused investors to be wary of their investments, unsure of when the market will begin to recover. However, there have been some coins that have given investors hope, and Holo (HOT) is one of them. On Wednesday, December 28, Holo price rose 14% to a daily close of $0.00163, giving investors a ray of hope in the otherwise bearish market.

Holo is an Ethereum-based token that works to power Holochain, a peer-to-peer (P2P) network. This network allows users to store data and apps across the network, rather than relying on cloud software. The network is based on an agent-oriented model that rewards users with HOT tokens for simply using their computing power to store on the network. HOT tokens are used to incentivize users to store on the network and to fuel the operations of the Holochain network, allowing it to continue to grow and expand.

Holo is currently trading at $0.00149, with a 24-hour trading volume of $62.39 million and a live market capitalization of $252.88 million. This places it at #94 on CoinMarketCap, proving that the coin is still a worthy investment for those looking to get a piece of the crypto market. Despite its recent dip in price, experts are predicting that if the market continues its upward trend, Holo could be poised for further gains.

The Holochain network is an innovative new way to store data and apps on a decentralized network, and its HOT token has the potential to become a major player in the cryptocurrency market. Investors who are looking to capitalize on the potential of Holo should keep a close eye on the coin in the coming days and weeks, as its price could rise significantly if the market continues its positive trend.

Unlock Your Crypto Funds with Nexo: Get High Interest Rates With NEXO Tokens

• Nexo is the largest lending company in the decentralized finance ecosystem, issuing cryptocurrency-backed loans to users in exchange for fiat or stablecoins.
• Nexo offers high-interest rates for users who hold their crypto over a longer, pre-decided duration.
• NEXO is the official token of the platform and can be bought from Nexo’s own exchange before being deposited.

The decentralized finance (DeFi) ecosystem has seen a massive surge in activity over the past few years. One of the most popular blockchain-based financial services is Nexo, the world’s largest lending company. Nexo enables users to deposit their crypto tokens as collateral in exchange for fiat or stablecoins. This means that users can access the funds they need without having to sell their crypto holdings.

Nexo offers competitive interest rates to users who are willing to commit to a longer duration. The standard rate of 4% is typically applied to crypto tokens, while stablecoins receive a return of 8%. However, some interest rates on the platform can reach as high as 12%.

NEXO is the official token of the platform, and it can be bought from Nexo’s own exchange. This means that users can effectively use the token to access their funds at any time. Additionally, NEXO tokens are used to power the Nexo platform and are rewarded to users as a form of interest.

Nexo is paving the way for the mass adoption of cryptocurrencies. It is bringing more transparency and security to the DeFi space, as well as providing users with access to the funds they need without needing to sell their crypto holdings. The NEXO token is an important part of the platform and is expected to increase in value over time as more people begin to use Nexo. It is no wonder, therefore, that investors are increasingly considering adding the coin to their portfolio.