Ethereum
$ 1,142.45 3.84%
Solana
$ 35.67 7.15%
Dogecoin
$ 0.066819 7.49%
ApeCoin
$ 4.83 5.74%
Bitcoin
$ 20,298.00 2.47%
BNB
$ 228.07 2.56%

UNI Expansion: Valour plans to roll out a Uniswap exchange-traded product

UNI

TL;DR Breakdown

  • The UNI token is the underlying asset of Valour Uniswap ETP.
  • V3 is estimated to have handled daily volumes worth $115 million

The decentralized exchange for ETPs, Valour Uniswap ETP, is launched on the Boerse Frankfurt Zertifikate AG stock exchange.

The firm announced the debut of a fully backed investment product to boost the exposure of the platform’s native token, with Valour, a Zurich-based exchange-traded products (ETP) issuer.

The European Stock Exchange 

The token is the underlying asset of Valour ETP, which is a fully backed passive investment product offered on the European stock exchange Boerse Frankfurt Zertifikate AG. The ETP was introduced on the Frankfurt Stock Exchange by its co-owner, the Boerse Frankfurt Zert

The lack of liquidity in blockchain-based investment products on conventional markets and stock exchanges was stressed by Valour CEO Diana Biggs. She added that Valour ETP is positioned to make decentralized finance investments available through mainstream financial channels.

The Uniswap ETP will give investors access to areas of innovation, particularly cryptocurrency

Valour’s assets under management have risen over 3,000% in 2021, reaching $290 million from trading on traditional stock exchanges. Since November 2018, the protocol has recorded over $500 billion in overall trade volume.

Uniswap v3 is estimated to have handled daily volumes worth $115 million across the Arbitrum and Optimism smart contract networks, according to Hayden Adams, creator of the network.

During this time, Uniswap v3 drove $80 million in volume on Arbitrum and roughly $14 million on Optimism, according to crypto market data provider Nomics.

Beatrice Mastropietro

Beatrice Mastropietro

Beatrice is an experienced freelance Crypto and Financial market writer with several years of experience writing for a variety of businesses, platforms, and media sources. She specializes in developing original content to fit her clients' needs with a dedication to quality and integrity.

Related News

Hot Stories

Bitcoin, Ethereum, Polygon, and Stellar Daily Price Analyses – 28 June Roundup
Polkadot price analysis: DOT may decline to $6 in current extended downtrend
StormX Price Prediction 2022-2030: Is STMX a Good Investment?
Holograph Integrates LayerZero To Facilitate Holographic Omnichain NFTs That Beam Across Blockchains
Dogecoin price analysis: DOGE swiftly retests $0.07 as support, ready to push higher?

Follow Us

Industry News

Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months
Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records