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The crypto world is in constant flux, and keeping up with news from it is hard. Whether you’re a seasoned crypto investor or a novice looking to get into crypto, staying updated with the latest stories from the crypto world is important. In this article, we will look at developer activity picking up in the Polygon ecosystem, the continuing dominance of Uniswap in the DEX space and Big Eyes Coin, a meme coin whose presale will end in less than 30 days.
Polygon Introduces Updates to Network
The Polygon network has seen investment activity pick up as it introduces three updates. The three updates in the network indicate the strength of the developer community of MATIC. The first update will make it easier to integrate dApps into the network. The second update is aimed at improving the user experience on the network. The third update brings tools that will make building and deploying dApps in the network easier.
Despite the updates, MATIC had a rough week in the market. Transaction fees collected on the network have dropped, and MATIC’s price steeply fell last week. The token is trading at a 0.8% drop at the time of this writing.
Uniswap Extends DEX Dominance
Uniswap is the most popular DEX in the world and has a strong lead in DeFi. The network allows crypto buyers to buy tokens by swapping tokens that exist in its liquidity pool. The weekly trading volume on Uniswap is $8.45 billion, while PancakeSwap, its closest rival, has a weekly trading volume of only $2.91 billion. The network is the dominant exchange in trading in Ethereum and Ethereum-based tokens.
The launch of Uniswap V3, the network’s latest upgrade, has helped it to extend its lead over PancakeSwap. The update made the network ten times more efficient in swapping tokens in the network. Uniswap’s dominance has not translated into its UNI token performing well. The token has very few use cases, and regulatory attention on the network is contributing to the underperformance of UNI.
Big Eyes Plans to End Presale With a Bang
Big Eyes caught the attention of the crypto world with its hugely successful presale. The token brought in an astonishing $35 million during its presale. The cat-themed network has announced that its presale will wind down on June 3rd. The cat crew has also launched the END300 code to celebrate the end of the presale. The code will give buyers a 300% bonus on purchasing $BIG tokens.
Big Eyes has stated that it will launch on June 15th and has also announced a slew of development on its network. The network plans to build a comprehensive DeFi ecosystem that will transfer wealth from the traditional financial system. The network has launched NFT cards with which users can mint BIG NFTs. Community members can trade BIG NFTs on Opensea.
Big Eyes will launch its Big Eyes Casino in August, with over 4000 games and many play-to-earn titles. The casino will use $BIG as its utility token. The Big Eyes community is bracing for the token launch as it is expected to soar in value on the back of its strong network, community and developer team.
So, if you do not want to miss out on the most exciting meme coin project, join the Big Eyes presale. Don’t forget to use the END300 code to give yourself a big bonus of $BIG.
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Disclaimer: This content is not a part of NFTgators’ editorial content and is not an investment advice. Do your due diligence before making any decision.