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‘Extremely bullish’ Uniswap founder backs DeFi and Ethereum amid market downturn


‘Extremely bullish’ Uniswap founder backs DeFi and Ethereum amid market downturn

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Uniswap creator Hayden Adams compared current market conditions to the 2018 bear market that spawned Uniswap and said he is extremely bullish on DeFi and Ethereum. His comments came a day after trackers reported Uniswap burned a record 134,000 tokens in a single day, a deflationary event that could tighten supply and support token price and DeFi adoption.

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Hayden Adams, the creator of Uniswap, recently compared today’s market conditions to the 2018 bear market that produced Uniswap itself. He also declared that he is “extremely bullish on DeFi and Ethereum.”  The declaration came one day after Uniswap trackers reported that the protocol burned a record daily total of 134,000 tokens due to a...
Read the article at CryptoPolitan

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In This News

Coins

$ 1.78K

+1.89%

$ 3.52

+5.46%

Predictions Markets

See what traders are focused on

View analytics →
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