- Uniswap Layer 2 customers have surged by 350%, however buying and selling quantity has dropped 39% since Might.
- Poodlana’s presale has raised $6.3M, with the itemizing set for August 16 on Raydium.
- Poodlana’s token POODL is presently valued at $0.0499 with the worth rising each 72 hours earlier than itemizing.
In a quickly evolving crypto panorama, two key developments have captured the eye of the group. Uniswap’s Layer 2 (L2) person rely has surged by 350% in current months, whereas Poodlana (POODL), a viral Solana-based meme coin, is approaching its extremely anticipated itemizing on Raydium.
As market dynamics shift, each occasions spotlight the rising curiosity in decentralized finance (DeFi) and progressive token initiatives.
Uniswap’s Layer 2 person surge
Uniswap, the main decentralized alternate (DEX) by buying and selling quantity, has lately witnessed a major spike in its Layer 2 (L2) person base.
From Might to July, the variety of distinctive addresses interacting with Uniswap on L2s elevated from 1.82 million to a staggering 8.93 million, a 350% rise, in response to Dune Analytics.
June and July every set consecutive all-time highs, far surpassing the earlier report of two.12 million in April.
This surge in person exercise, nonetheless, comes with a caveat. Regardless of the dramatic improve in distinctive addresses, Uniswap’s total buying and selling quantity has been on a gradual decline.
After reaching an all-time excessive of $33.6 billion in March, month-to-month protocol quantity dropped by 31% to $23.2 billion in June and additional declined by 12% to $20.5 billion in July. This 39% lower between Might and July means that whereas extra customers are participating with Uniswap on L2s, they might be transacting smaller quantities.
The disproportionate rise in customers and the corresponding drop in buying and selling quantity raises considerations concerning the high quality of the person progress. Analysts have identified that this sample is harking back to Sybil assaults, the place customers create a number of addresses to control protocols, usually in anticipation of airdrops.
A more in-depth have a look at the info reveals that 80% of Uniswap’s month-to-month energetic merchants in July have been targeting Coinbase’s L2, Base, which is suspected of being the first website of Sybil exercise.
When excluding Base from the info, Uniswap’s distinctive month-to-month addresses on L2s have been steadily declining since April. Whereas it’s unlikely that each one the exercise on Base is because of Sybil assaults, the scenario warrants warning. The sharp improve in customers on L2s, notably on Base, might not totally mirror natural progress however relatively speculative exercise pushed by potential future rewards.
Poodlana “The Hermès of Crypto” prepares for launch
Whereas Uniswap navigates the complexities of its L2 progress, Poodlana (POODL), one other undertaking is producing buzz within the crypto group.
Branded as “The Hermès of Crypto,” Poodlana is a Solana-based meme coin that has captivated buyers with its distinctive mix of excessive vogue and poodle-themed branding.
With its presale ending on August 16, the coin is poised for its debut on Raydium, a decentralized alternate on Solana, with a list value of $0.060.
Poodlana’s presale has been nothing wanting a hit, elevating over $6.3 million and drawing important consideration from the Asian market, notably in nations like Korea and Japan.
The undertaking’s enchantment lies not solely in its luxury-themed advertising and marketing but in addition in its strategic community-building efforts. With over 16,000 followers throughout numerous social media platforms, Poodlana has engaged its group via weekly meme contests, AMAs, and unique presale occasions.
Buyers are notably drawn to Poodlana’s presale construction, which has been designed to encourage early participation. The token’s value will increase each 72 hours, pushing buyers to behave shortly to safe their holdings on the lowest attainable value. At press time, the POODL token was going for $0.0499.
The absence of lockups or vesting intervals provides to the undertaking’s enchantment, providing rapid liquidity upon itemizing.
Poodlana’s roadmap is equally bold, with plans to develop past its preliminary DEX itemizing. The undertaking goals to listing on main centralized exchanges, additional growing its accessibility and liquidity.
As well as, Poodlana is gearing up for a large advertising and marketing marketing campaign that may contain high influencers, high-end vogue manufacturers, and way of life platforms. This in depth outreach, mixed with the undertaking’s distinctive branding, positions Poodlana as a possible standout within the meme coin market.
As Poodlana prepares for its debut, it joins the broader development of progressive crypto initiatives which can be redefining the area. Whether or not via its fashion-forward method or its strategic market positioning, Poodlana represents a brand new breed of meme cash that might have a long-lasting affect in the marketplace.
Conclusion
As Uniswap’s L2 person base expands and Poodlana’s launch approaches, these developments underscore the dynamic nature of the crypto market.
Whereas Uniswap’s progress raises questions, Poodlana’s progressive method may set new requirements for meme cash, highlighting the continuing evolution and potential of decentralized finance and artistic token initiatives.
To study extra concerning the ongoing Poodlana presale and doubtlessly spend money on it, go to the official web site right here.
