Global

The Uniswap Foundation, which supports the Uniswap decentralized exchange, has revealed its financial status ahead of a crucial vote on protocol fees in V3 pools. As of March 31, 2024, the foundation holds $41.41 million in cash and stablecoins, along with 730,000 UNI tokens. These resources are projected to sustain the foundation through 2025.

PEPE, the meme coin, has achieved a significant milestone by surpassing Polygon (MATIC) in market capitalization, securing the 19th spot in cryptocurrency rankings. During early trading today, PEPE reached a market cap of $7.167 billion, edging past Polygon’s $7.113 billion.

Altcoins have garnered significant attention over the past week, driven by Ether’s (ETH) 25.9% gain during this period. Traders and crypto enthusiasts are anticipating the onset of altseason, especially after analysts observed a recent increase in the total market capitalization of altcoins, nearing a critical resistance level.

The Shibarium network, essential to the Shiba Inu (SHIB) ecosystem, has experienced a significant increase in on-chain activity. Data from Shibariumscan shows that new transactions on Shibarium rose by almost 50%, climbing from 5,150 on Friday to 7,691 by Sunday. This surge indicates a rising interest in the network.

Polygon (MATIC) appears to be on the verge of an uptrend as the number of whale addresses holding the prominent Layer 2 (L2) token is starting to rise. An analysis of the token’s movements on a daily chart also indicates a gradual resurgence of bullish activity in MATIC’s market.

Arthur Cheong, the founder and CEO of DeFiance Capital, predicts that Ether's price could surge to $4,500 before the first spot Ether exchange-traded funds (ETFs) receive official approval.