An analysis of the most interesting cryptocurrencies of the month, examining prices and market statistics, as well as providing the latest news on Uniswap, Helium, and Idex.
The analysis begins with the most important project, that is, Uniswap, in position number 20 in the ranking of the most important cryptocurrencies. Next is Helium Network, a decentralized wireless network that allows devices to communicate with each other using LongFi, a wireless technology that operates on unlicensed spectrum. Finally, Finally, IDEX, an Ethereum-based decentralized exchange (DEX) launched by a group of cryptocurrency traders in 2017, is examined.
Uniswap V3 Ready to Release on Polygon zkEVM
Uniswap, the leading decentralized exchange (DEX) by trading volume, recently announced plans to deploy its highly anticipated V3 iteration on Polygon’s recently launched zkEVM Layer 2 network. The decision was made after the unanimous vote of the governor, which indicates the support and confidence of the community in this initiative. Such a move is expected to bring significant benefits to both Uniswap and Polygon.
Uniswap will be able to take advantage of Layer 2 scaling technology provided by Polygon’s zkEVM, which enables faster and cheaper transactions on the Ethereum network, whose early implementation will allow Uniswap to establish itself as a leader in the decentralized finance (DeFi) industry and cement its position as the number one DEX.
Polygon, on the other hand, will benefit from increased adoption and use of its recently released Layer 2 scaling solution. This will help attract more users to the Polygon network, thereby increasing its overall ecosystem and value proposition.
Uniswap’s decision to implement Polygon’s Layer 2 network comes after its successful implementation on the Polygon Proof-of-Stake (PoS) chain. The PoS chain remains the third largest implementation of Uniswap, with a total value locked (TVL) of $98 million. This further demonstrates the strong partnership and collaboration between Uniswap and Polygon.
Helio Successfully Migrates to Solana
This migration marks a significant milestone for the world’s largest decentralized wireless network, as well as the beginning of a new era of scalability, expansion, and reliability.
As the network continues to grow, the need to scale to meet user demands becomes increasingly clear. This led to the decision to migrate to the Solana blockchain.
Such a migration is expected to bring several benefits to the Helium network. For starters, it will significantly improve the scalability of the network, allowing it to handle a much higher volume of transactions.
Additionally, migrating to Solana will help reduce transaction fees, which are a major problem for users of the Helium network. By taking advantage of Solana’s low transaction fees, users will be able to access the network more conveniently, thereby increasing its accessibility and attractiveness.
IDEX’s Excellent Performance
As far as market statistics are concerned, Helium has a market capitalization of $265.3 million with a trading volume (in the last 24 hours) of $5.6 million. The pending offer is HNT 143.9 million.
Taking a look at its all-time high of $55.2, we can definitely say that there is still a long way to go to reach it.
Even the IDEX cryptocurrency can boast an excellent performance in the last month, with an increase of 24.1%, bringing its price value to 0.0654. The market capitalization is $44 million and the current trading volume is $86 million.
The current offer is IDEX 673.9 million with an average waiting time of 6 days. Idex is also a long way from its all-time high of $0.97.
By Audy Castaneda
