Ethereum Watch

Quick take:

• Uniswap (UNI) has just been added to the Bitwise 10 Large Cap Crypto Index
• The protocol now owns the @Uniswap and @UniswapProtocol handles on Twitter
• Uniswap has been live for over 818 days with zero downtime and $75 Billion in trading volume
• UNI has just set a new all-time high of $16.40

The digital asset of Uniswap (UNI) has been added to the Bitwise 10 Large Cap Crypto Index. The team at Bitwise made the crypto-verse aware of the rebalancing of the index via the following tweet.

As part of the January month-end index rebalance, the Bitwise 10 Large Cap Crypto Index welcomes @Uniswap (UNI) as a new constituent.

Methodology here: https://t.co/g1rqD1Re8V

Index page here: https://t.co/Wi40yzyQsG pic.twitter.com/65oNkQh7kO

— Bitwise (@BitwiseInvest) January 29, 2021

UniSwap Joins Bitcoin and Other ‘Heavyweights’ on the Bitwise Index

The Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of the 10 largest digital assets ‘as measured and weighted by free-float market capitalization’. The 10 constituents of the index are as follows.

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Chainlink (LINK)
4. Litecoin (LTC)
5. Bitcoin Cash (BCH)
6. Stellar (XLM)
7. Uniswap (UNI)
8. AAVE (Aave)
9. EOS
10. Tezos (XTZ)

Uniswap Runs for Over 818 Days Without Any Downtime

The addition of Uniswap (UNI) to the Bitwise 10 Large Cap Index comes at a time when the protocol is celebrating over 818 days since its launch. The inventor of Uniswap, Hayden Adams, celebrated the milestone via the following statement that highlighted that the protocol has had zero downtime since its launch, and over $75 Billion in trading volume.

It has been 818 days since the launch of @UniswapProtocol v1 on a $100k grant.

Since then there have been 0 seconds of downtime with over $75B in trading volume.

Welcome to the unstoppable, decentralized future of trading.

Uniswap Twitter Name Updated to @Uniswap

Also this week, the team at Uniswap announced that they were now in control of the @Uniswap handle on Twitter in addition to the existing @UniswapProtocol. The announcement was made by the Uniswap team via the following tweet.

Our Twitter name has been updated from @UniswapProtocol to @Uniswap

The old name remains in our control but is no longer being used.

— Uniswap Protocol 🦄 (@Uniswap) January 29, 2021

Uniswap Hits a New All-time High

With respect to price, Uniswap (UNI) has set a new all-time high today, January 30th, of $16.40 – Binance rate. This value is roughly a 3.64x increment since the year began. January 1st found Uniswap (UNI) trading at approximately $4.50 signifying a 264% increment in value in exactly one month.

Chances are that the price of Uniswap keeps going higher into the weekend as the crypto-verse digests the news of UNI being added to the Bitwise 10 Large Cap Index. However, Uniswap’s price is in overbought territory. Therefore, traders and investors are advised to use stop losses when trading UNI on the various derivatives platforms.