In a groundbreaking announcement on October 10, Uniswap CEO Hayden Adams revealed the launch of Unichain, a new Layer-2 scaling solution developed by Uniswap Labs. This move places Uniswap in competition with other major players like Coinbase and OKX that have already released their own layer-2 solutions. Unichain is specifically designed to enhance the development of decentralized finance (DeFi) products, solidifying Uniswap’s strategic positioning in the race for Layer-2 scaling solutions. The introduction of Unichain supports the ‘AppChain’ thesis, suggesting that decentralized applications (dApps) will run on their own dedicated blockchains in the future to improve performance, customization, and governance flexibility.
Following the announcement of Unichain, the price of Uniswap’s native token, UNI, experienced a notable surge in value. UNI is currently trading at $7.96, with a 24-hour change of -2.2%. The price surged by 17% after the Unichain announcement, leading to a minor retracement as the market stabilizes. With support above the 20-day moving average (DMA) at $7.14, UNI price is currently fluctuating between $7.14 and $18.14, indicating an impending decisive move. Market indicators suggest a possible retrace down to the 20 DMA support level, but if UNI bulls can consolidate, a breakout above $9 is likely once the 20 DMA forms a golden cross with the 200 DMA.
While the launch of Unichain is a significant development in the crypto market, it may offer limited profit opportunities for everyday investors. As a result, many are turning their attention to community-led layer-2 solutions that present early-bird opportunities. Pepe Unchained, a new layer-2 scaling solution, aims to rectify the missed opportunities of the original Pepecoin launch in 2023 by creating a dedicated ecosystem outside of Ethereum’s layer-1. The project is focusing on developing a range of dApps, including a cross-chain bridge, a block explorer, and a developers grant fund called ‘Frens with Benefits,’ making it an attractive destination for meme coin activities.
Pepe Unchained offers investors the opportunity to participate in a presale of $PEPU tokens, which has already raised $18.75 million. Investors can stake their presale tokens for an additional 116% APY when using Ethereum, USDT, or a VISA card to invest in the presale. To stay updated on Pepe Unchained’s progress, investors can engage with the community on X and Telegram. It is important to note that cryptocurrency investments are high-risk, and this article is provided for informational purposes and does not constitute investment advice. Investors could potentially lose all of their capital when investing in crypto assets.
