Uniswap has marked its position firm at the center of DeFi innovation, and has attracted investors with its monetary achievements. Talking about which, in a recent Uniswap News, the team reported a strong $140 million in revenue and declared $95 million in asset valuation, alongside a notable $12.4 million allocated for grants.
Successively, the UNI price has been on a constant move, and has made it to the top gainer’s list today. Wondering if the Uniswap price is poised for a breakout? Read this short term Uniswap price prediction for insights.
OnChain Grows Stronger?
Alongside the fundamentals level ups, Uniswap X continues to create buzz, pushing the protocol into the spotlight. One of the most compelling narratives shaping Uniswap’s future is the migration of its activity from Ethereum Layer 1 to Layer 2, reflecting broader industry scaling trends.
Uniswap Price Prediction:
UNI price is presently trading at $7.29, with a 10.19% increase since yesterday and a 13.50% gain over the past 7 days. With a market cap of $4.58 billion and a 24-hour trading volume of $881.22 million, UNI has emerged as the top gainer today.
The Uniswap price chart shows a bullish breakout from a consolidation triangle, with the price rebounding from the $6.50 entry zone and currently up by ~15%. The chart shows a near-term resistance at $7.77, where some consolidation or a pullback could occur before any sustained rally. The 9-day SMA is also acting as dynamic support, suggesting short-term momentum remains strong.
UNI’s price surge is driven by strong Q1 financials, bullish technical patterns, and rising trading volume.
Will UNI price face a pullback?
While a short-term move to $7.77 seems possible due to momentum and chart structure, some pullback to $6.5 is likely as traders take profits near resistance.
How much is 1 Uni worth?
At the time of publication, the price of 1 UNI token is $7.29, with a daily price surge of $10.19%.
In recent months, Solana has demonstrated remarkable growth in the decentralized finance (DeFi) sector, prompting discussions about its potential to rival Ethereum’s valuation.
A new report by Franklin Templeton highlighted that Solana’s DeFi protocols are among the most utilized and highest-earning platforms across all blockchain environments.
Franklin Templeton Predicts Solana as Ethereum’s Rival
In an analysis, Franklin Templeton highlighted the rapid growth and potential of Solana’s DeFi ecosystem. The report suggested that its valuation could soon rival Ethereum’s.
The global asset management firm, which oversees $1.68 trillion in assets, noted that six Solana-based protocols surpassed $1 billion in Total Value Locked (TVL).
During the third and fourth quarters of 2024, Solana outperformed Ethereum in several key metrics. Solana’s decentralized exchange (DEX) volume notably exceeded that of Ethereum and all Ethereum Virtual Machine (EVM)–based DEXs combined.
The surge indicates a significant shift in DeFi activity towards Solana, challenging Ethereum’s longstanding dominance in the space. Jito (JTO) leads the charge, a liquid staking protocol that recently reached an all-time high of $3 billion in TVL. Notably, this marked the first time a Solana-based protocol has achieved this milestone.
Other notable protocols include Jupiter (JUP), Raydium (RAY), Kamino (KMNO), Marinade (MNDE), and Sanctum Coin (SANCTA). Collectively, these protocols contributed to Solana’s growing DeFi ecosystem.
Further emphasizing its growing prominence, Solana’s active addresses per hour were reported to be 26 times higher than Ethereum’s as of January 2025. This surge in user activity reflects the network’s scalability and efficiency, making it an attractive platform for developers and investors seeking faster transactions and lower fees.
Despite the impressive growth, Franklin Templeton’s report points out that Solana’s DeFi protocols remain undervalued compared to their Ethereum counterparts. The analysis reveals that Solana’s DeFi tokens are trading at lower valuation multiples, although they exhibit higher growth profiles and strong fundamentals.
“Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles. This highlights an apparent valuation asymmetry between the two ecosystems,” an excerpt in the report read.
Notwithstanding, Franklin Templeton says the increased activity has also contributed to Solana’s rising market capitalization and overall ecosystem growth. According to the asset manager, these discrepancies suggest a potential investment opportunity as the market adjusts to recognize Solana’s expanding influence in the DeFi sector.
Reflecting this optimism, Franklin Templeton filed for a spot Solana ETF (exchange-traded fund) with the US SEC. Notably, the proposed ETF includes staking capabilities. This means investors can earn rewards by participating in network validation processes, which is the first for a Solana-based ETF.
Solana Rising – Could It Overtake Ethereum?
While some investors are enthusiastic about Solana’s potential, others remain skeptical. A user on X (Twitter) challenged the move to compare Solana to Ethereum, alluding to stark differences in foundational robustness.
“It’s like comparing Ethereum versus Las Vegas casino. Yea Vegas has more chips,” the user quipped.
Similarly, industry analysts caution against assuming Solana is poised to surpass Ethereum imminently. Juan Pellicer, Senior Research Analyst at IntoTheBlock, noted that while Solana has narrowed the market capitalization gap with Ethereum, it still faces significant hurdles.
“While Solana may continue to grow and potentially challenge Ethereum in specific niches, overcoming Ethereum’s entrenched position as the dominant platform in the immediate future is still unlikely, though the competitive landscape is dynamic and evolving,” Pellicer told BeInCrypto.
Specifically, Pellicer emphasized that Ethereum benefits from established trust and a vast developer community. According to the analyst, these are critical factors in maintaining its leading position in the DeFi space.
He also highlighted the need for Solana to address centralization concerns and achieve parity in developer adoption. These, according to the analysts, would see Solana truly challenge Ethereum’s dominance.
As Solana continues to innovate and expand its DeFi ecosystem, its potential to reach valuations comparable to Ethereum becomes more plausible.
Immutable (IMX) is up 10% today after announcing a partnership with Ubisoft. The pair is releasing a new mobile game based on the “Might and Magic” series as part of Ubisoft’s broader Web3 strategy.
Immutable is planning to expand its gaming operations after the SEC dropped an investigation against the firm last month. The company is yet to announce more details about this new project.
Ubisoft Extends Its Web3 Venture
The past few years have been financially straining for Ubisoft, one of the largest and most popular AAA studios in the gaming industry. Known for its beloved gaming series, such as Assassin’s Creed, Tom Clancy’s Rainbow Six, Far Cry, and more, the studio has been slowly expanding into the blockchain space for some time now.
Today, the studio announced a new mobile game, which both parties seem optimistic about.
“Partnering with Ubisoft is a defining landmark for Immutable. There are clear synergies between Immutable Passport, Immutable Play, and Ubisoft Connect. By bringing these together into a combined offering for Might and Magic Fates players, we’re hoping to smoothly onboard into the Immutable ecosystem the 138+ million Ubisoft Connect users,” said Justin Hulog, Immutable’s Chief Studio Officer.
Earlier this year, Ubisoft was on the brink of fiscal insolvency. Unsuccessful gaming titles and a lack of sales almost paralyzed the company. The gaming community has constantly criticized the studio for forcing microtransactions without prioritizing gameplay.
However, the success of its latest release, Assassin’s Creed: Shadows, helped Ubisoft somewhat recover. Yet, the company still needs additional revenue streams to regain forward momentum.
For Ubisoft, a partnership with Immutable might provide the key. Blockchain gaming fell slightly in Q1 2025, but it started the year in an inflated market.
That said, the press release is very light on details about the actual game and the specific Web3 connection. Ubisoft’s announcement calls Might and Magic “one of the strongest IPs in gaming” but doesn’t mention Immutable’s role in the project.
The new title is set to be a card-based game with potential crypto-backed rewards. More details are expected in the coming days.
With the Pi network coin price has been consolidating between $0.53 to $9.69 over the last 3 weeks, struggling to break above $0.82, even with Bitcoin’s bullish run hitting $95k. However, this might change soon. Well-known crypto expert Dr. Altcoin predicts that Pi Coin’s rally could begin during the highly anticipated Consensus Summit starting from 14 May 2025.
Pi Price Rally To Come At Consensus Summit
In his latest X post, Dr Altcoin said he feels pretty confident that the Pi price pump could actually begin during the highly anticipated Consensus Summit, which is happening from May 14 to May 16, 2025.
This global blockchain event brings together the biggest names in crypto, offering Pi a perfect stage to shine. He believes that even small positive news like new partnerships, major updates, or ecosystem growth announced during this event could create a rush of excitement.
Thus, if Pi Network gets the right attention, it could lead to a major price rally even before August.
Pi Unlocking to Easy After August
Although, this comes as a surprise for many because earlier expectations were tied to the end of August, a time when a large amount of Pi coins would finish unlocking, creating less selling pressure.
According to the Piscan, the beginning of August will see the release of Pi tokens drop by almost half. In August, only $132.5 million worth of Pi tokens will be released. September will see $115.2 million, October $89.5 million, and November $85.9 million.
Pi Coin Price Outlook
As of now, Pi Network coin is trading at $0.63, reflecting a drop of 1.3% seen in the last 24 hours. The coin has been consolidating recently, trading between resistance at $0.68 and support at $0.61.
If the price breaks above $0.68, it could mark the beginning of a fresh rally. The next resistance levels to watch would be $0.789 and $0.85.
If the upward momentum continues, Pi Coin could aim for $1.03, its first time above $1 since last month.
The post Pi Network News: Crypto Expert Predicts an Explosive Pi Coin Rally – In This Event appeared first on Coinpedia Fintech News
With the Pi network coin price has been consolidating between $0.53 to $9.69 over the last 3 weeks, struggling to break above $0.82, even with Bitcoin’s bullish run hitting $95k. However, this might change soon. Well-known crypto expert Dr. Altcoin predicts that Pi Coin’s rally could begin during the highly anticipated Consensus Summit starting from …
