The crypto market’s financial security race just got more intense between trading platforms and DEXs. The TradFi coins, like DAI, have become investment options even for traders from top DeFi coins like Ethereum.
However, DeFi coins like Uniswap (UNI) are upgrading in terms of development, and the new meme coin project Cutoshi (CUTO) is set to feature among the best DeFi projects. It will be competitive, as the Cutoshi project aims to have it all by integrating meme fun and Defi utility.
What The New Cross-Chain Feature Means For Investors UNI Investors
The latest on the Uniswap (UNI) network is the launch of a permission-less bridge enabling cross-chain asset transfer on the exchange. Interoperability is the trend in the DeFi world, and Uniswap Labs has pulled out all the stops.
The permission-less bridging allows for seamless transfers between nine blockchains, including Polygon, ZKsync, World Chain, Base, Arbitrum, Optimism, Zora, Blast, and Mainnet. Uniswap’s new cross-chain feature is integrated with Access Protocol and eliminates the usual challenges cross-chain transactions face.
Source: CoinMarketCap
The big question for investors is, what does this mean for the UNI coin price prediction? It is undoubtedly a huge win for Uniswap (UNI), and the Uniswap price is now trading 6.25% up on the weekly charts and 6.77% monthly.
DAI: USDS Rebrand, Ethereum Investments
The MakerDAO community recently underwent a rebrand, which saw it change its governance token from MKR to SKY and the popular DAI coin to USDS. According to sources in the community, the rebrand was intended to make DeFi on MakerDAO (now Sky) more accessible.
The early signs are also commendable, as the USDS token now boasts almost half a billion dollars in market cap, showing a large adoption from crypto users. Last week, the Ethereum Foundation liquidated some 100 ETH to DAI, making about $11.2 million worth of Ethereum that had been converted into DAI coins.
The rebrand could be the push Sky needs to become the most traded stablecoin in the crypto market, ahead of Tether, which is under investigation, and Circle.
Cutoshi: The Ultimate Destination For Meme Coin Lovers And DeFi Enthusiasts
Satoshi Nakamoto’s blockchain philosophy promoted decentralization and economic independence. Cutoshi (CUTO), a meme project, seeks to harness the potency of Defi and the meme sector’s community.
Cutoshi offers users a typical decentralized exchange with the complete cross-chain exchange suite anyone gets on platforms like Uniswap. Now, meme coin lovers can avoid the heavy traffic on the more popular exchanges while still enjoying all the privileges of a top Defi project.
On the other hand, the Cutoshi community features a farming option that allows users to accumulate CUTO tokens by completing tasks and challenges. The community also has an academy that teaches Defi enthusiasts how to navigate the industry.
There is growing excitement about the Cutoshi presale. Currently, in Stage 2, priced at $0.022, the project’s recent listing on CoinMarketCap gives credence to experts’ predictions of its potential surge.
Cutoshi’s DeFi Features Signal A New Era For Crypto
Uniswap (UNI) and DAI coin (now USDS) have undergone massive rebrands lately, showing signs of improvement as a result. Cutoshi is joining the competition, sporting some DeFi features to offer meme enthusiasts more than just a platform for meme fun.
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