Crypto News

Uniswap Price Rallies 5% Following Ethereum iOS Wallet Launch

Uniswap, a leading decentralized exchange (DEX) for Ethereum, has launched its own mobile wallet for iOS, which caused a slight increase in the price of the cryptocurrency. The wallet allows for seamless exchange of cryptocurrencies and tokens between Ethereum and other networks, including second layers (L2) Arbitrum and Optimism, as well as the Polygon network. One of its key features is its self-custodial nature, where users hold control over their private keys and do not entrust them to third parties. The wallet is also compatible with WalletConnect and allows for importing seed phrase from other wallets like Metamask, Rainbow, and Coinbase. Uniswap highlights its product’s security, having undergone a thorough security audit carried out by Trail of Bits. Users can enjoy various features such as sorting tokens based on market capitalization, monitoring asset trends, and accessing price and volume charts. The price of Uniswap rallied over 5% following the launch of the Ethereum iOS wallet, with volume surging on Uniswap. The native token UNI has moved toward a strong buy direction, with the coin above the primary pivot points, indicating the bulls are in control of the market. Uniswap’s iOS wallet launch enables easy trading of cryptocurrencies and tokens for iOS users, contributing to the growth of decentralized finance.

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