Valour, a Zurich-based exchange-traded merchandise (ETP) issuer, introduced the launch of a completely backed funding product to extend publicity to Uniswap decentralized change’s native token, UNI.
The UNI token serves because the underlying asset throughout the Valour Uniswap ETP providing out there as a completely backed passive funding product. The Uniswap ETP was launched on a European inventory change named Boerse Frankfurt Zertifikate AG, the Frankfurt Inventory Change co-owner.
Valour CEO Diana Biggs highlighted the inaccessibility of blockchain-based funding merchandise on conventional markets and inventory exchanges. Talking about Valour Uniswap ETP’s place in making decentralized finance investments out there through mainstream funding channels, she mentioned:
“Uniswap ETP will present traders with the chance to achieve publicity to areas of innovation, particularly to decentralized finance.”
As of Monday, Valour’s property underneath administration choices grew over 3,000% in 2021, surpassing $290 million from buying and selling on conventional inventory exchanges. The Uniswap protocol has handed $500 billion in complete buying and selling quantity since November 2018.
Associated: Arbitrum extends lead over Optimism as Uniswap posts report quantity on L2
A Cointelegraph report from Oct. 19 credit Uniswap’s layer-two volumes surge to excessive transaction charges on the Ethereum blockchain.
Hayden Adams, founding father of Uniswap, estimated that Uniswap v3 processed each day volumes price $115 million throughout the Arbitrum and Optimism sensible contract networks.
Uniswap v3 on layer 2 (arb + OE) doing an all time-time excessive of $115m quantity!!
2⃣ L2 season is right here 🙂
— hayden.eth (@haydenzadams) October 18, 2021
In response to crypto market knowledge supplier Nomics, Uniswap v3 drove $80 million in quantity on Arbitrum and roughly $14 million on Optimism throughout that timeframe.