Valour, a Zurich-based exchange-traded merchandise (ETP) issuer, introduced the launch of a fully-backed funding product to extend publicity to Uniswap decentralized change’s native token, UNI.
The UNI token serves because the underlying asset inside the Valour Uniswap ETP providing accessible as a fully-backed passive funding product. The Uniswap ETP was launched on a European inventory change named Boerse Frankfurt Zertifikate AG, the Frankfurt Inventory Change co-owner.
Valour CEO Diana Biggs highlighted the inaccessibility of blockchain-based funding merchandise on conventional markets and inventory exchanges. Talking about Valour Uniswap ETP’s place in making DeFi investments accessible by way of mainstream funding channels, she stated:
“Uniswap ETP will present buyers with the chance to achieve publicity to areas of innovation, specifically to decentralized finance (DeFi).”
As of Oct. 25, Valour’s belongings beneath administration (AUM) choices grew over 3033% in 2021, surpassing $290 million from buying and selling on conventional inventory exchanges. The Uniswap protocol handed $500 billion in complete buying and selling quantity since Nov. 2018.
A Cointelegraph report from Oct. 19 credit Uniswap’s layer-two volumes surge to excessive transaction charges on the Ethereum (ETH) blockchain.
Hayden Adams, the founding father of Uniswap, estimated that Uniswap v3 processed every day volumes price $115 million throughout the Arbitrum and Optimism smart-contract networks.
Uniswap v3 on layer 2 (arb + OE) doing an all time-time excessive of $115m quantity!!
2⃣ L2 season is right here 🙂
— hayden.eth (@haydenzadams) October 18, 2021
According to a crypto market knowledge supplier, Nomics, Uniswap v3 drove $80 million in quantity on Arbitrum and roughly $14 million on Optimism throughout that timeframe.