Uniswap Price Rallies 5% Following Ethereum iOS Wallet Launch
Uniswap, the leading decentralized exchange (DEX) for Ethereum, has launched its own mobile wallet for iOS, the operating system used by Apple cell phones, causing a slight increase in the price of cryptocurrency.
The wallet, created by Uniswap Labs, enables seamless exchange of cryptocurrencies and tokens between Ethereum and other networks, including the second layers (L2) Arbitrum and Optimism, as well as the Polygon network, all of which support the Ethereum Virtual Machine (EVM) .
Update on the launch of the Uniswap Wallet
One of the key features of the wallet is its self-custodial nature, which means that users retain control over their private keys and do not entrust them to third parties. Additionally, it is worth mentioning that the wallet is open source, with its complete repository accessible on the GitHub platform.
Another notable feature of the new Uniswap offering is its compatibility with WalletConnect, allowing users to connect to various Ethereum mainnet applications or L2s. In addition, it also allows the import of initial phrases from other wallets such as Metamask, Rainbow and Coinbase.
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The Official to throw The statement highlights the ability to buy cryptocurrencies with debit cards with a commission of 2.55%. This is possible through the intermediation of Moonpay. As stated on their social media channels, this payment platform aims to bridge the gap between the real world and decentralized finance.
The wallet has already been tested by “thousands of users” through early access and is now widely available to the public. Uniswap has placed a strong emphasis on the security of its product, which has passed “a thorough security audit performed by Trail of Bits”. Furthermore, opening the code to scrutiny allows anyone to audit and confirm its security.
Wallet users can enjoy a variety of convenient features designed to enhance their experience. For example, the wallet offers options to rank tokens based on market capitalization, allowing users to easily track how different tokens are performing in the market. Additionally, users can access price and volume charts, empowering them with valuable information to make informed investment decisions. Another noteworthy feature is the ability to bookmark tokens and non-fungible tokens (NFTs), allowing users to closely monitor trends and activity related to their preferred assets.
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Uniswap posts 5% last week: what’s next
Following the Ethereum iOS Wallet release report, Uniswap experienced a sharp increase in its price last week, rising by more than 5%. According to data by TradingView, Uniswap was trading around $5.7 prior to the news. At the time of writing, the native token of the popular Ethereum DEX is trading at $6.2.
Unsurprisingly, the crypto community has welcomed the news, as reflected in increased trading volume on Uniswap. According to technical indicators, UNI price has broken through all moving averages, a bullish sign for the token. The token has shifted into a strong buy direction, with the coin above the primary pivot points of (6,116, 6,064 and 6,081). This indicates that the bulls are in control of the market and if it continues, UNI could move closer to the $7 price level.
Uniswap.com featured image, TradingView.com chart