UniSwap v3 Launch
A few days ago saw the launch of UniSwap v3. The DeFi platform's governance token, UNI, surged to a new all-time high of $35.88, but quickly dropped down to $26.18 which puts it at its lowest in seven days. Currently, UniSwap sits as the most popular DeFi platform evidenced by sitting at #8 in market cap with $1.3b.
v3 focuses on reducing transaction fees and putting more power in the hands of liquidity providers. More information can be found in their blog post here.
Bitcoin Cash sharp price drop
Although the market as a whole has been undergoing a correction, Bitcoin Cash has felt it a little more significantly. BCH has dropped down to nearly the lowest it has been in the last month after Tesla doubled down on its refusal to accept Bitcoin forks as payment for their products. The price has improved ever so slightly but is still currently sitting around $466 which marks a 24-hour drop of 11% and a monthly drop of 26.3%.
Theta Network Mainnet 3.0 delayed until June
Theta Labs has announced that the 3.0 mainnet, which was set to launch on April 21 has been pushed back to the end of June. They cited partnership opportunities requiring them to focus more on the development of their NFT platform. This news caused the native token, THETA, to drop 25% from $14.43 to $10.73 in only a few hours. The other half of the network's tokens, TFUEL, was also affected but to a lesser extent.
Since then, the price has risen back up around $11.87 and the project itself is still very healthy with the ninth highest market cap at $11b. The token has still hit its stride this year, posting seven-day gains of 51.2% and thirty-day gains of 253%. More information on the delay can be found here.
Crypto.com Mainnet Launch and NFT support
Today CRYPTO.COM launched their CRO Mainnet which aims to reduce fees while using their DeFi wallet. This change swaps CRO from an ERC-20 token in an effort to reduce the climbing gas prices. Now transaction fees on their DeFi platform are paid for in CRO at a much lower rate. Staking your CRO on the mainnet also offers up to 20% APY versus 6% on the Crypto.com app.
They also recently announced the launch of an NFT platform, which is set for March 26. There are a few large names already on the list for the invite-only platform including Snoop Dogg, BossLogic, Lionel Richie, and their previous partner Aston Martin Cognizant F1.
A roadmap for the Crypto.com chain can be found here and more info related to the NFT launch here.
