{"id":645192,"date":"2024-09-29T01:00:14","date_gmt":"2024-09-29T01:00:14","guid":{"rendered":"https:\/\/www.wncen.com\/?p=645192"},"modified":"2024-09-28T07:29:16","modified_gmt":"2024-09-28T07:29:16","slug":"uni-surges-30-amid-ongoing-on-chain-development-talks","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/uni-surges-30-amid-ongoing-on-chain-development-talks\/","title":{"rendered":"UNI Surges 30% Amid Ongoing On-Chain Development Talks"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Uniswap\u2019s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market\u2019s renewed bullishness, UNI might be on the road for some gains in the short term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin-breaks-65k-with-365-million-in-spot-etf-inflows-fueling-the-rally\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally<\/a><\/div>\n<h2><strong>Gas Abstraction: A Leap For Uniswap UX?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Across Protocol\u2019s Chief Technology Officer, <\/span><a href=\"https:\/\/x.com\/mrice32\" rel=\"nofollow\"><span style=\"font-weight: 400\">Matt Rice<\/span><\/a><span style=\"font-weight: 400\">, and Uniswap\u2019s Staff Software Engineer, <\/span><a href=\"https:\/\/x.com\/MarkToda\" rel=\"nofollow\"><span style=\"font-weight: 400\">Mark Toda<\/span><\/a><span style=\"font-weight: 400\"> recently <\/span><a href=\"https:\/\/x.com\/AcrossProtocol\/status\/12049534\" rel=\"nofollow\"><span style=\"font-weight: 400\">discussed<\/span><\/a><span style=\"font-weight: 400\"> about the ERC-7702 which, if passed, would introduce a new transaction type known as externally owned accounts (EOAs). In general, <\/span><a href=\"https:\/\/www.bing.com\/ck\/a?!&amp;&amp;p=b1d6b2b6e7df1322JmltdHM9MTcyNzM5NTIwMCZpZ3VpZD0yOTM2MzhlNC1lYTFmLTYzNzktMDI0Zi0yYzYxZWIwYjYyY2EmaW5zaWQ9NTE5NA&amp;ptn=3&amp;ver=2&amp;hsh=3&amp;fclid=293638e4-ea1f-6379-024f-2c61eb0b62ca&amp;psq=ERC-7702&amp;u=a1aHR0cHM6Ly9laXBzLmV0aGVyZXVtLm9yZy9FSVBTL2VpcC03NzAyIzp-OnRleHQ9RUlQLTc3MDI6IFNldCBFT0EgYWNjb3VudCBjb2RlLiBBZGQ&amp;ntb=1\" rel=\"nofollow\"><span style=\"font-weight: 400\">ERC-7702<\/span><\/a><span style=\"font-weight: 400\"> will implement gas abstraction, a feature that would both improve user experience and save users a ton of money in the process.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ERC-7702 Uniswap&#8217;s next big leap \ud83e\udd84<a href=\"https:\/\/twitter.com\/MarkToda?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@MarkToda<\/a> from <a href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@uniswap<\/a> talks with <a href=\"https:\/\/twitter.com\/mrice32?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@mrice32<\/a> about how gas abstraction could simplify DeFi for millions. Is this the user experience revolution we&#8217;ve been waiting for? <a href=\"https:\/\/t.co\/UVR3Mid5HQ\" rel=\"nofollow\">pic.twitter.com\/UVR3Mid5HQ<\/a><\/p>\n<p>\u2014 Across (@AcrossProtocol) <a href=\"https:\/\/twitter.com\/AcrossProtocol\/status\/12049534?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 24, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-645195\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_475fc2.png?resize=512%2C324\" alt=\"\" width=\"512\" height=\"324\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_475fc2.png?w=512 512w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_475fc2.png?w=460 460w\" sizes=\"(max-width: 512px) 100vw, 512px\"><\/p>\n<p><span style=\"font-weight: 400\">According to Mark Toda, the biggest obstacle for gas abstraction to be successfully implemented is authorizing a users address without gas on-chain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c&#8230;Think about it right now, if you are trying to send some tokens on some random chain and you\u2019re trying to swap out of there or do anything there, right now you need to have a native token to pay the gas\u2026or authorize the contract of some sort to take your tokens,\u201d Toda said when asked about a scenario where a user swaps tokens with no available chains on the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To put it simply, ERC-7702\u2019s most notable feature regarding gas sponsorship which helps users pay gas fees distinct from their chain of origin. This feature, once ERC-7702 is implemented, will greatly improve cross-interoperability, enhancing user experience.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/6EuV9109\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">UNI market cap currently at $4.6 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">As of writing, ERC-7702 is still in its draft stage which means the new on-chain goodies featured between Toda and Rice are still subject to revision. Nonetheless, it presents a good future for the Uniswap community.\u00a0<\/span><\/p>\n<h2><strong>UNI: Investors Should Watch These Levels<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, UNI has continued to make ground against the bears in the medium term which places the token at the gates of the $7.518 resistance level. This crucial resistance level might continue to resist in the coming days as the market hits its peak after days of continued bullish movement.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-645193\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_e2c0eb.png?resize=562%2C252\" alt=\"\" width=\"562\" height=\"252\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_e2c0eb.png?w=562 562w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_e2c0eb.png?w=460 460w\" sizes=\"(max-width: 562px) 100vw, 562px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\" target=\"_blank\" rel=\"noopener \">Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">With this in mind, investors should monitor the token\u2019s movement in the coming hours and days as this may determine the trajectory of the token. If UNI breaks through this crucial resistance level, it opens the door toward $9.012 in the medium term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if $7.518 remains unbeaten or the bulls breakthrough for a short while before pulling back, it might trigger a downward movement by the bears targeting $5.899 in the medium term.\u00a0<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap\u2019s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market\u2019s renewed bullishness, UNI might be on the road for some gains in the short term.\u00a0 Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement.\u00a0 Related Reading: Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally Gas Abstraction: A Leap For Uniswap UX?\u00a0 Across Protocol\u2019s Chief Technology Officer, Matt Rice, and Uniswap\u2019s Staff Software Engineer, Mark Toda recently discussed about the ERC-7702 which, if passed, would introduce a new transaction type known as externally owned accounts (EOAs). In general, ERC-7702 will implement gas abstraction, a feature that would both improve user experience and save users a ton of money in the process.\u00a0 ERC-7702 Uniswap&#8217;s next big leap \ud83e\udd84@MarkToda from @uniswap talks with @mrice32 about how gas abstraction could simplify DeFi for millions. Is this the user experience revolution we&#8217;ve been waiting for? pic.twitter.com\/UVR3Mid5HQ \u2014 Across (@AcrossProtocol) September 24, 2024 According to Mark Toda, the biggest obstacle for gas abstraction to be successfully implemented is authorizing a users address without gas on-chain.\u00a0 \u201c&#8230;Think about it right now, if you are trying to send some tokens on some random chain and you\u2019re trying to swap out of there or do anything there, right now you need to have a native token to pay the gas\u2026or authorize the contract of some sort to take your tokens,\u201d Toda said when asked about a scenario where a user swaps tokens with no available chains on the platform.\u00a0 To put it simply, ERC-7702\u2019s most notable feature regarding gas sponsorship which helps users pay gas fees distinct from their chain of origin. This feature, once ERC-7702 is implemented, will greatly improve cross-interoperability, enhancing user experience.\u00a0 As of writing, ERC-7702 is still in its draft stage which means the new on-chain goodies featured between Toda and Rice are still subject to revision. Nonetheless, it presents a good future for the Uniswap community.\u00a0 UNI: Investors Should Watch These Levels As of writing, UNI has continued to make ground against the bears in the medium term which places the token at the gates of the $7.518 resistance level. This crucial resistance level might continue to resist in the coming days as the market hits its peak after days of continued bullish movement.\u00a0 Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details With this in mind, investors should monitor the token\u2019s movement in the coming hours and days as this may determine the trajectory of the token. If UNI breaks through this crucial resistance level, it opens the door toward $9.012 in the medium term.\u00a0 However, if $7.518 remains unbeaten or the bulls breakthrough for a short while before pulling back, it might trigger a downward movement by the bears targeting $5.899 in the medium term.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":645212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,82849,80532],"class_list":["post-645192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-uni","tag-uniswap"],"acf":[],"yoast_head":"\n<title>UNI Surges 30% Amid Ongoing On-Chain Development Talks<\/title>\n<meta name=\"description\" content=\"Uniswap\u2019s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. 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