A Dive Into Yuniverze
Yuniverze (YUNI) aims to become the next-generation swapping protocol that prioritises the user rather than the exchange. The platform has identified key issues within DeFi swapping that currently need addressing, especially for newer users who often find it problematic to navigate hot wallets and DEXs.
For this reason, Yuniverze is creating a swapping protocol that is easy to use through a simple UI and taking away much of the jargon and complexities with the swapping service. The barrier for new users to DeFi is currently quite high, especially as there is a distinct lack of education available for new users to find. Whilst education around crypto is growing, often this education can still be too complex for the average new user.
However, whilst prioritising user experience, Yuniverze will also offer the best prices for trading in the ecosystem by scanning the market for the best liquidity and lowest slippages. This will not only make the overall exchange and swapping market more competitive, as Yuniverze will show the cheapest price, but it will also promote the usage for even experienced traders who now will have a consolidated service.
To use the platform simply connect your wallet to Yuniverze and you have access to its swapping mechanism. For those who are interested in the project, Yuniverze is currently in its presale stages for its native coin YUNI, and will reward early investors through schemes and reward programs at a later date.
Dogecoin Remains Green
After many coins hit a 10% gain on the day yesterday it was expected that a slight downturn would persist the following day as many tokens were oversold and the RSI over-burned. However, Dogecoin (DOGE) has maintained an upward trend, debunking the wider market.
The community behind Dogecoin must be accredited for this, as they are some of the most reliable HODLers across crypto markets and arguably even stock markets. The belief that they are looking out for each other and holding for each other to present the opportunity for financial freedom down the line is stoic and empowering.
For this reason, Dogecoin has been able to see a slightly closer trading pattern than even some utility coins amidst the volatility in the markets since the fall of LUNA and high levels of inflation. With this in mind confidence for many has never been stronger within the DOGE community and many retail investors are adding to their position continuously.
It will be interesting to see how Dogecoin plays out as the market rebounds and if whales, institutions, or even celebrities decide to enter the protocol.
Ethereum Continues To Impress
Ethereum (ETH) has continued to perform well in the market since the start of July. The Layer-1 behemoth has entered its final stages of testing before the Merge occurs and while it is controversial for some ETH lovers, it has been well received across the wider community due to the benefits Proof-Of-Stake (POS) brings.
Notable, the environmental benefits are most apparent as POS is historically greener and more efficient from energy usage, helping lower the overall carbon footprint of the project. Nevertheless, ETH miners have lamented the Merge and have actively campaigned against it as they will lose a significant revenue stream when the switch occurs.
Still, Ethereum is the most influential project for the development of Web3 in the blockchain ecosystem to date and the Merge can propel ETH forward, particularly if regulation comes in to ensure certain environmental standards are met.
With the Merge approaching, expect to see much speculation around the price of ETH as a smooth merger may see strong gains for the protocol, while one that has speed bumps could cause volatility in the short run.