UNI Airdrop opens a new phase of DeFi and AESwap is set to become aelf’s trump card to up its DeFi…

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UNI Airdrop opens a new phase of DeFi and AESwap is set to become aelf’s trump card to up its DeFi game

Today, decentralized exchange Uniswap officially released its governance token UNI. Due to the popularity of the UNI airdrop, the gas fee for a single transfer has been pushed up to 660gwei, about $5.27. With the release of Uniswap’s token, the DeFi sector has entered a new phase of development, with new opportunities up for grabs.

In the first half of this year, the DeFi sector was thriving as various projects sprang up one after another. The boom caught many people by surprise. The catalyst was the launch of the COMP Token on June 17. After COMP started trading, its price surged, quickly leading to token issuance by a slew of DeFi projects, which were much sought after by investors.

Since June 17, in just over three months, the DeFi sector has seen great fortune made. The most well-known example is YFI. As of writing, the price of YFI has reached $33592.79, which is even higher than that of Bitcoin at its peak. Even the price of its fork YFII has reached $4627.24.

Where there is exuberance, there is bubble, just like two sides of the same coin. Recently, the price of SUSHI plummeted after Chef Nomi, founder of SushiSwap, cashed out nearly $14 million. And Emerald Mine (EMD), a liquidity mining DeFi project on EOS, appeared to be an exit scam. Such events should give investors pause and wonder: has DeFi come to a dead end? Where will DeFi go next?

We all know that the blockchain industry is essentially characterized by its decentralization, anonymity and lack of supervision, which means that anyone can deploy contracts on the public blockchain. Therefore, the ecosystems of public chains must be ...

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