This week, there will be many important developments that are expected to affect the crypto market. The FOMC interest rate decision, major altcoin unlocks and new ecosystem developments are creating great excitement in the crypto world. Investors and market observers closely follow the possible effects of these developments on the market and changes in asset prices.
Uniswap V4 update will take place
Uniswap V4 is available this week. This release adds to the capital efficiency gains of Uniswap V3. The update will introduce “hooks” and “gas” optimizations that provide flexibility throughout the entire lifecycle. Uniswap V4 will enable the creation of highly customizable pools. According to the network, this update will offer a much more efficient system that saves more gas. The V3 update in 2021 was a turning point for liquidity and DeFi. Uniswap’s UNI token is currently trading at $10.55. This price represents a 14% decline since the beginning of the week. In other words, the altcoin shows a very limited reaction despite the expectations regarding the update.
Mode DeFAI terminal is being launched
This week, the Mode network will launch the AI-powered DeFAI terminal that will simplify on-chain interactions. This development stands out as another crypto news to pay attention to. The terminal will facilitate DeFi transactions for users and highlight Mode’s role at the intersection of DeFi and AI. The network also plans to introduce the synth Bittensor (TAO) subnet on the mainnet to expand ecosystem integration with AI-driven technologies.
SUI will unlock the altcoin project
As Kriptokoin.com, we reported on five altcoin lock openings to watch out for this week. These include 64.19 million SUI tokens, which are expected to be released on February 1. At current rates, the value of these tokens is $227.25 million, equivalent to 2.13% of the circulating supply. These tokens will be allocated to the community, early contributors, Mysten Labs treasury, and funding round participants.
Quai Network and Balancer have major launches
Another noteworthy crypto news this week is Quai Network’s mainnet launch, which will take place on January 29. Quai Network differs from other Proof-of-Work (PoW) blockchains with its “multi-threaded” architecture. This model works through three hierarchical blockchain layers (Prime, Region and Zone). The network describes this launch as the beginning of the “Quai Era.” Quai Network was conceived as a service of public interest for the freedom and prosperity of humanity.
Finally, Balancer V3 will be operational at Arbitrum at the end of January. Fernando Martinelli, co-founder of the network, stated that with this update, they aim to increase adoption and create a strong ecosystem around it. The update aims to spark new ideas in the developer community by showcasing the full capabilities of the platform. Additionally, it will prioritize integrations across various areas of DeFi, making Balancer liquidity the cornerstone of decentralized finance.
