Home
News
The founder of Uniswap thinks people rooting for crypto to be shut down are “incredibly cringe.”
Hayden Adams is a computer engineer based in New York who developed the decentralized exchange Uniswap. He is also the Chief Executive Officer of the firm.
Adams wrote on Twitter that no one had forced anybody to use crypto, buy coins or keep them updated on crypto events.
Hayden added in the tweet that no one asked for the “dumb” global fiat system to be shut down.
He recommended that people should let people do what they want and relax Instead of opposing technology and violating people’s rights.
“People rooting for crypto to be shut down are incredibly cringe.”
“Like no one is trying to shut down the dumb fiat system you use, no one is forcing you to buy crypto, no one is forcing you to read crypto news or follow crypto twitter. Let people do what they want and chill…”
During the last several months the crypto market struggled hard and battled the harsh crypto winter. Although the beginning of 2023 showed positive signals with Bitcoin breaking the consolidation of the last couple of months. It recently smashed the $23K mark.
At the time of writing, Bitcoin was trading at $23,004 with the 24-hour trading volume of $21,684,227,308.
According to CoinMarketCap, Uniswap is a decentralized trading platform which is globally popular for its role in facilitating automated trading of DeFi tokens.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading versus that on traditional exchanges.
The decentralized exchange is seeking to deploy everywhere as the DEX seeks to increase its already sizable market share. The DEX’s recently deployed on a variety of blockchains that are Web3-oriented via Uniswap v3.
According to Getty Hill, the co-founder of the delegation, GFX labs, the sudden increase in bids for blockchain development is most likely due to the business source license (BSL) of Uniswap v3 expiring in the next few months.
According to data aggregator Defi Llama, as of January 28, 2023, the Total Value Locked (TVL) of Uniswap is $3.28b. The TVL is majorly composed of Ethereum followed by Polygon, Arbitrum, Optimism, Celo.
Archived data states that the highest recorded TVL of Uniswap was around $10.24billion, on May 12 2022.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
