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22 September 2020

Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates - CoinDesk

Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates - CoinDesk


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Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates.

Yet, this could be an inflection point for the cryptocurrency, according to Neil Van Huis, director of institutional trading for crypto liquidity provider Blockfills.

Karl Samsen, vice president for capital markets at trading firm Global Digital Assets, said some are staying out of the market for the time being.

“The big decline is from the SushiSwap migration,” said a DeFi yield farmer who goes by the username devops199fan

“Basically, SushiSwap converted liquidity from Uniswap over automatically,” they added. 

“I think the bump right after the decline was from people migrating back to Uniswap so they could use the LP [liquidity provider] tokens to farm in some other new projects that just popped up recently.”

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