Uniswap outperforms Coinbase in spot volumes, Maple Finance returns to Solana, Borroe attracts investor interest
Uniswap’s (UNI) spot volume has been rising since early 2023. It exceeded Coinbase’s at some point, highlighting the platform’s increasing popularity. Elsewhere, Solana (SOL) appears to be recovering after Maple Finance resumed operations on its network. Meanwhile, Borroe (ROE) early presale investors are already in green.
Uniswap spot volume rising
Uniswap is popular and is among several projects that are setting the pace in decentralized finance (defi).
UNI prices have been under pressure, especially in the second half of August 2023. Since Aug. 17, prices are down by over 27%.
Even so, the platform’s spot volume exceeded Coinbase’s at some point, suggesting that many investors prefer the decentralized exchange (DEX).
In an Aug. 25 report by Bitwise, Uniswap processed around $110 billion in trades in Q2 2023 compared to Coinbase’s $90 billion.
Despite recent losses, analysts believe UNI prices could recover in the months ahead, powering toward $5.75 by the end of the year.
This surge will be supported by rising investor demand, which may position UNI as one of the tokens to consider at spot rates.
Maple Finance reactivates on Solana
Solana is popular because of its high transaction speeds and smart contract capabilities.
On that note, SOL prices recovered from 2022 lows in early 2023, rising from $9.96 to $26.18 in January 2023.
In recent news, Maple Finance resumed operations on Solana and increased the blockchain’s access to its stablecoin cash management service after halting for roughly eight months.
Elsewhere, Solana Pay is making headlines after partnering with Shopify to make payments faster and smoother for shoppers and merchants.
These developments highlight Solana’s use cases that increase SOL’s utility and might support prices.
Analysts predict SOL prices to reach $25.22 by the end of the year.
Borroe draws investors
Borroe is a web3 blockchain platform for invoice discounting non-fungible tokens (NFTs).
As a decentralized protocol, Borroe is a fundraising marketplace that empowers web3 contributors and enterprises to raise capital by trading their upcoming revenue streams.
Borroe enables users to convert upcoming subscriptions, royalties, invoices, and digital payments into NFTs, which they can sell at reduced rates.
Moreover, Borroe NFTs can be traded on secondary markets through a peer-to-peer (P2P) system.
Borroe’s code has been verified and audited by BlockAudit, a blockchain security firm. No flaws were discovered.
In stage 1 of its presale, ROE, which is Borroe’s native token, is trading at $0.0125.
Over 55 million ROE have been sold. By the end of the presale, ROE will list for $0.0400, a price valuation that could explain rising demand and increasing investor consideration of the project.
In light of this, the transition of ROE to the mainstream market may yield a 300% increase for early Borroe investors and 220% for stage 1 presale participants.
Learn more about Borroe (ROE) here:
Visit Borroe presale | Join the Telegram group | Follow Borroe on X
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