UNISWAP TEAMING UP WITH WORMHOLE

Ethereum has launched its public withdraw testnet and this is the first public testnet that the network has actually launched since the Merge upgrade back in September 2022 which means we are getting very close to allowing withdraws on Ethereum. With the withdrawal staked ETH still in better mode, the full withdrawal of source code is actually on published the Ethereum website. The testnet is going to allow users to set a withdrawal address and to test partial and full withdrawal by removing the validation position. It going to allow for protocols run on the network such as Lido financial which is a popular staking service to test out how they want to collect and display and use the different withdrawal information available.

---

The Ethereum developer also planned to follow this up with two further testnet coming up very soon on a chain on February 6. There is so much good stuff happening on Ethereum right now and the community is going a pretty good job. The circulative supply of ETH has reached its all-time low seeing the merge happening around 120 million Ethereum. Uniswap is actually teaming up with Wormhole, a major cross-chain for the BNB chain launch. Uniswap V3 is coming to the BNB chain which is huge news with the help of the guys from Wormhole. Uniswap DAO voters have chosen Wormhole as the single bridge provider for the supposed launch. Wormhole will now be included in the final governance proposal for the appointment on the BNB chain.

---

This comes at an absolute critical time Uniswap has its business source license expire on April 1st. This is a time to lay trade mark that actually stops other projects from copying their code. The supposed event like the one we saw happening with Sushiswap, a few years ago when they launched against Uniswap. For this reason, some DAO participants as encourage the move over to the BNB chain before the deadline is up.

---

The VELA exchange was launched for private beta testing this week on the network. More broadly, we have been seeing some explosion of new protocols launching over on Arbitruim. Some of the biggest gainers that we have seen over the last few months have been on Arbitrum. VELA was originally known as DEXpool when it was back on the Ethereum network before moving over to Arbitruim. VELA just launched its rebranded token on the Camela exchange which is a decentralized exchange on Arbitruim and it is an identical utility token to the original DXP token. DXP and VELA holders can earn a share of the trading generated on the exchange. Right now, are seeing a lot of these decentralized exchanges launching that they going to be giving money back to token holders.

Reference