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The reasons for Uniswap’s recent rise: Good prospects for the Polkadot competitor

2 min read

Despite some negative sentiment in the crypto world, some cryptocurrency projects have performed well. Uniswap (UNI) is one of these tokens – its price has risen significantly, attracting investors hoping for further upward momentum.

Uniswap (UNI): Announcing the launch of the Uniswap v4 upgrade

Uniswap has seen a significant increase in its token price, which has been accompanied by a significant increase in trading volume over the same period. Interestingly, this increase in trading activity contrasts with a slight decrease in the overall supply of circulating coins. The main catalyst for the increase in UNI price is the foundation’s announcement of the Uniswap v4 upgrade.

The reasons for Uniswap's recent rise: Good prospects for the Polkadot competitor

According to the announcement, Uniswap v4 is expected to launch in the third quarter of this year. The first version of Uniswap v4, unveiled in June 2023, introduced the concept of “hooks”. These hooks address the rigidity of traditional smart contracts by giving developers the ability to add their own logic in specific places. This UNI feature allows flexible customization and supports a wide range of applications.

Polkadot (DOT): Introduces a new feature, PolkaBot.AI

Polkadot’s price has skyrocketed in recent weeks, with its trading value increasing by 15% in the last month. Considering the growing influence of AI tools in the crypto sphere, Polkadot has introduced a new feature called PolkaBot.AI. This AI-powered platform provides educational resources within the DOT ecosystem.

The reasons for Uniswap's recent rise: Good prospects for the Polkadot competitor

Polkadot developed this AI tool using NeuroWebAI and OriginTrail. It will provide comprehensive information about everything happening in the Polkadot ecosystem. Users can access this Polkadot AI tool directly via X or the official website. Despite this, InQubeta competes strongly with DOT due to its innovative features and offerings.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.