Ethereum mempool download grows 35% after Uniswap governance tokens are released

Ethereum mempool download grows 35% after Uniswap governance tokens are released

Ethereum mempool download grows 35% after Uniswap governance tokens are released

According to the observer Etherscan, after the opening of accepting applications for the Uniswap UNI management token, the number of pending Ethereum transactions increased by almost 35%.

Tonight, the decentralized platform announced the launch of UNI, 1 billion of which will be released over the next 4 years. Although their distribution will begin on Friday, Uniswap announced that it has set aside 15% of its total supply to longtime users, partners and investors who are eligible to receive 400 tokens immediately per address..

As a result of the short-term excitement, the number of pending transactions in the Ethereum network per minute increased from 158 thousand to 213 thousand.In the first three hours after the announcement, more than 18 thousand transactions were sent to the address of the token’s smart contract, but only 13 thousand were processed. The excitement was an increase in the average level of gas prices, which reached 650 Gwei, which is four times more than the indicator of 152 Gwei on Wednesday.

Amid growing demand for the token, some leading crypto exchanges have already added it to the list of supported assets. UNI is trading at $ 3.2 at time of publication.

Uniswap recently also became the first decentralized exchange with over $ 1 billion in daily trading volume..

text: Ivan Malichenko, photo: Getty Images