the Base app is a prime example of how a modern stack can be built from the ground up using permissionless protocols letting you tap directly into users & liquidity
money - ETH & erc20s
identity - ENS
social - farcaster & zora
markets - uniswap & aerodrome
chat - XMTP
apps - html & og
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867
5
𝕊hill_Pill
Nobody threads better than Billy. This is a boss $flay thesis.
Billy Bob Bagholder
FLAY / Flaunch Thesis
I haven’t been too active on here for a while, largely since the market hasn’t been super interesting. But that’s all changing and I believe $FLAY, the governance token of the @flaunchgg launchpad on Base is worth a look at a MC of around $15m and $25m FDV. Very few people are (yet) talking about it and it’s got some nice catalysts upcoming in the next few weeks and months.
$FLAY and Overview
is a launchpad on Base, built by Flayer Labs (a merger of NFTX and FloorDAO) built with Uni v4. $FLAY is its governance token (not to be mistaken for $FLNCHY which is a memecoin launched by the flaunch team).
The core features of the launchpad are:
-Fair launches: all tokens launched have a 30 minute period where the price is fixed for all buyers. Following this 30 minutes, the LP is deployed on Uni v4 and price discovering begins.
-All revenue to deployers: token deployers can allocate where 100% of trading fees are directed, either to themselves, their community, buybacks, or elsewhere. The revenue rights are split into NFTs, making them tradeable. For example, $FLNCHY has already earned $300k at a market cap of only $2m. Imagine how much the USELESS team could make…
-flaunch revenue: $FLAY holders will be able to vote in future to allocate 10% of trading fees to $FLAY holders. For now with 100% of trading fees going to deployers (and those who deployers choose to direct fees to), flaunch makes its money via rehypothecating the ETH in its LPs to the Aave supply side.
-Uni v4 hooks: Uni v4 gives deployers optionality and custom logic when it comes to liquidity pools – I expect a lot of interesting and novel experiments.
Tokenomics
Given flaunch was formed as a merger between NFTX and FloorDAO, more than 50% of $FLAY supply was liquid from launch. There are no investors waiting to dump and the team’s 20% allocation will only be vested over 2.5 years (with a 6 month cliff) if the $FLAY FDV is over $75m, based on @coingecko data. So the team needs to push this thing to a 3x from its current FDV of $25m to be entitled to any of their 20% allocation, and keep it there. I like that alignment, although worth bearing in mind the team will likely have liquid tokens from their time at NFTX and FloorDAO.
Team
The tokenomics certainly help with alignment, but that the team was formed from a merger of two other protocols gives further comfort that these guys are here for the long term. The team also includes @BuildOnBeam / Merit Circle folks who bring some serious BD skills to the table – as we now know, killer tech and tokenomics won’t get you far without BD.
Chart
$FLAY pumped from 5c to 35c in two days earlier this year, showing that when this moves, it moves quickly. I’m no chart expert, but there’s some resistance at 3c, but I doubt that will prove to be much trouble after this starts moving. Volume has started to comeback somewhat, at around $1m in the last 24 hours.
Catalysts and Narratives
- ETH season: With tradfi ponzis buying as much $ETH as possible and as quickly as possible, it’s safe to say we’re in ETH season. This will be a tailwind for all tokens on Ethereum, particularly those with an LP paired with ETH, which is the case for $FLAY. The effect will be magnified for tokens on Base due to the below.
- Base season: The tailwinds from $ETH pumping will be felt particularly for tokens on Base, since at the same time that ETH is pumping, Base has several upcoming catalysts in the near future, including:
a. Flashblocks: Flashblocks make Base 10x faster by bringing effective block times from 2 seconds to 200 milliseconds; the fastest EVM chain to date. This, together with $ETH pumping (particularly relative to $SOL) should bring a substantial proportion of memecoin traders to Base, increase trade volume, in turn increasing fees and attracting more teams to flaunch more tokens.
b. New Coinbase Wallet: The just released version will integrate @flaunchgg and make launching tokens incredibly easy. See below for how easy…
- $PUMP beta: the Pump ICO was one of the biggest ever, meaning a lot of eyes are on the launchpad sector. While they’re not comparable in terms of fundamentals yet, a $25m FDV on a pumping chain versus a $6b FDV on a chain whose native token isn’t doing quite as well sounds compelling.
- $UNI v4: attention will no doubt turn to Uni v4 at some point this year and when it does, some of that will reflect onto $FLAY.
Conclusion
To summarize the key reasons why I’ve built a position:
-Solid, experienced and committed team who needs to pump this at least 3x from here for their team tokens to start vesting. Incentives are very much aligned with token holders.
-ETH and Base season
-Although it pumped yesterday, the chart is still bottomed and once $FLAY decides to go, it’ll likely move quickly.
Hope you enjoyed. Liquyidity is fragmented across Base and L1, so if you do ape, bear this in mind. Here are a few folks who found $FLAY before me:
@Shill_Pill
@dotta
@ArkR1de
@rng149
@mckellen_eth
@PremierBase
@benjoflo
@KevinPollak8683
@funhandsomedw
@funhandsomedw
@funhandsomedw
@ShaneMac.
Show original
1.52K
1
Billy Bob Bagholder
FLAY / Flaunch Thesis
I haven’t been too active on here for a while, largely since the market hasn’t been super interesting. But that’s all changing and I believe $FLAY, the governance token of the @flaunchgg launchpad on Base is worth a look at a MC of around $15m and $25m FDV. Very few people are (yet) talking about it and it’s got some nice catalysts upcoming in the next few weeks and months.
$FLAY and Overview
is a launchpad on Base, built by Flayer Labs (a merger of NFTX and FloorDAO) built with Uni v4. $FLAY is its governance token (not to be mistaken for $FLNCHY which is a memecoin launched by the flaunch team).
The core features of the launchpad are:
-Fair launches: all tokens launched have a 30 minute period where the price is fixed for all buyers. Following this 30 minutes, the LP is deployed on Uni v4 and price discovering begins.
-All revenue to deployers: token deployers can allocate where 100% of trading fees are directed, either to themselves, their community, buybacks, or elsewhere. The revenue rights are split into NFTs, making them tradeable. For example, $FLNCHY has already earned $300k at a market cap of only $2m. Imagine how much the USELESS team could make…
-flaunch revenue: $FLAY holders will be able to vote in future to allocate 10% of trading fees to $FLAY holders. For now with 100% of trading fees going to deployers (and those who deployers choose to direct fees to), flaunch makes its money via rehypothecating the ETH in its LPs to the Aave supply side.
-Uni v4 hooks: Uni v4 gives deployers optionality and custom logic when it comes to liquidity pools – I expect a lot of interesting and novel experiments.
Tokenomics
Given flaunch was formed as a merger between NFTX and FloorDAO, more than 50% of $FLAY supply was liquid from launch. There are no investors waiting to dump and the team’s 20% allocation will only be vested over 2.5 years (with a 6 month cliff) if the $FLAY FDV is over $75m, based on @coingecko data. So the team needs to push this thing to a 3x from its current FDV of $25m to be entitled to any of their 20% allocation, and keep it there. I like that alignment, although worth bearing in mind the team will likely have liquid tokens from their time at NFTX and FloorDAO.
Team
The tokenomics certainly help with alignment, but that the team was formed from a merger of two other protocols gives further comfort that these guys are here for the long term. The team also includes @BuildOnBeam / Merit Circle folks who bring some serious BD skills to the table – as we now know, killer tech and tokenomics won’t get you far without BD.
Chart
$FLAY pumped from 5c to 35c in two days earlier this year, showing that when this moves, it moves quickly. I’m no chart expert, but there’s some resistance at 3c, but I doubt that will prove to be much trouble after this starts moving. Volume has started to comeback somewhat, at around $1m in the last 24 hours.
Catalysts and Narratives
- ETH season: With tradfi ponzis buying as much $ETH as possible and as quickly as possible, it’s safe to say we’re in ETH season. This will be a tailwind for all tokens on Ethereum, particularly those with an LP paired with ETH, which is the case for $FLAY. The effect will be magnified for tokens on Base due to the below.
- Base season: The tailwinds from $ETH pumping will be felt particularly for tokens on Base, since at the same time that ETH is pumping, Base has several upcoming catalysts in the near future, including:
a. Flashblocks: Flashblocks make Base 10x faster by bringing effective block times from 2 seconds to 200 milliseconds; the fastest EVM chain to date. This, together with $ETH pumping (particularly relative to $SOL) should bring a substantial proportion of memecoin traders to Base, increase trade volume, in turn increasing fees and attracting more teams to flaunch more tokens.
b. New Coinbase Wallet: The just released version will integrate @flaunchgg and make launching tokens incredibly easy. See below for how easy…
- $PUMP beta: the Pump ICO was one of the biggest ever, meaning a lot of eyes are on the launchpad sector. While they’re not comparable in terms of fundamentals yet, a $25m FDV on a pumping chain versus a $6b FDV on a chain whose native token isn’t doing quite as well sounds compelling.
- $UNI v4: attention will no doubt turn to Uni v4 at some point this year and when it does, some of that will reflect onto $FLAY.
Conclusion
To summarize the key reasons why I’ve built a position:
-Solid, experienced and committed team who needs to pump this at least 3x from here for their team tokens to start vesting. Incentives are very much aligned with token holders.
-ETH and Base season
-Although it pumped yesterday, the chart is still bottomed and once $FLAY decides to go, it’ll likely move quickly.
Hope you enjoyed. Liquyidity is fragmented across Base and L1, so if you do ape, bear this in mind. Here are a few folks who found $FLAY before me:
@Shill_Pill
@dotta
@ArkR1de
@rng149
@mckellen_eth
@PremierBase
@benjoflo
@KevinPollak8683
@funhandsomedw
@funhandsomedw
@funhandsomedw
@ShaneMac.
Show original
2.59K
8
Boys Club™
God’s plan for @base TBA involves
Money - @ethereum and @Optimism
Identity - @ensdomains
Social - @farcaster_xyz and @zora
Markets - @Uniswap and @AerodromeFi
Chat - @xmtp_
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2.41K
31
EricF
Always memecoins go ahead when eth pumps, just look at that pudgy go!
Eth is still the king of alts!
Full disclosure I took some pengu profits yesterday
And why ENS here? Interesting to see what they are doing right now...
EricF
To those still active, I'm gonna write a longer post later 👀
Gonna keep dropping insights from my @0n1Force brain on:
+ Peaq (DePIN infra + real-world rewards)
+ Injective (2018 multi-VM DeFi powerhouse)
+ Somnia (fast L1 for immersive gaming experiences)
+ Kaito + InfoFi (content x capital markets)
And yeah… of course sometimes NFTs I still ape, I’ll explain why.
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19.72K
12
Convert USD to UNI
UNI
USD
Uniswap price performance in USD
The current price of Uniswap is $8.9040. Over the last 24 hours, Uniswap has decreased by -5.01%. It currently has a circulating supply of 600,483,074 UNI and a maximum supply of 1,000,000,000 UNI, giving it a fully diluted market cap of $5.35B. At present, Uniswap holds the 23 position in market cap rankings. The Uniswap/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Uniswap is a decentralized exchange, commonly called a DEX, developed on the Ethereum blockchain. Traders use Uniswap to instantly swap ERC-20 tokens without requiring a liquid market of buyers, sellers, or intermediaries. The network prioritizes censorship resistance, security, and self-custody without needing third-party intermediaries.
Contrary to a centralized exchange that processes trade orders internally via an Order Book, a decentralized exchange operates an automated market maker (AMM), which functions as a constant, permissionless liquidity pool that traders can interact directly on-chain. UNI is the native token of the Uniswap protocol and is available to be traded in various markets on OKX. UNI is required to vote on proposals that govern the development of the Uniswap platform. You can also use UNI to create liquidity pairs and earn crypto rewards.
The Uniswap ecosystem consists of the following features:
Uniswap Labs: The company that developed the Uniswap protocol.
The Uniswap Protocol: A decentralized crypto exchange on the Ethereum blockchain.
The Uniswap Interface: A web interface that enables users to interact with the protocol.
Uniswap Governance: A governance system that uses the UNI token to govern the Uniswap protocol.
While initially developed for the Ethereum network, Uniswap is now operational on the Polygon, Arbitrum, and Optimism blockchains. This cross-chain flexibility is one of the things that decentralized finance users love about Uniswap.
How does Uniswap work?
Uniswap is a decentralized exchange platform that facilitates the creation of an enormous variety of liquidity pools that traders can use to swap tokens. Any compatible token can be added to a DEX and traded without a centralized entity or business being required to host the exchange.
To enable this, Uniswap uses smart contracts, a critical utility in decentralized finance, to allow traders to exchange tokens through an automated market maker. An automated market maker, like Uniswap, is a medium of exchange that will enable traders to swap cryptocurrency in liquidity pools on the blockchain through the Uniswap web app. When using Uniswap, users are not restricted by external factors like market opening times and the need for other traders to place corresponding orders.
To create a liquidity pool, a liquidity provider must supply two different tokens that can become a shared pot of tokens that Uniswap users can trade with. The price of the tokens in a specific liquidity pool is regulated by a mathematical formula that dictates the tokens value. Trading with a liquidity pool changes the ratio of tokens within the pool, causing changes in the price of each token.
Transaction fees incentivize liquidity providers to supply tokens to a Uniswap liquidity pool. They receive a percentage of every trade that exchanges tokens with the pool. The Uniswap decentralized application (DApp) facilitates the creation of an enormous variety of liquidity pools traders can use to swap tokens. Any compatible token can be added to Uniswap and traded without a centralized entity or business being required to host the market.
UNI price and tokenomics
UNI is an ERC-20 token with a circulating supply of roughly 734,000,000 and a genesis maximum supply of 1,000,000,000 tokens. These tokens will be distributed as follows over four years:
Uniswap community members: 60.00% (600,000,000 UNI).
Current and future employees: 21.266% (212,660,000 UNI).
Investors: 18.044% (180,440,000 UNI).
Advisors: 0.69% (6,900,000 UNI).
15% of the total UNI supply was immediately made available to "historical users and liquidity providers." This was done to reward early community members for their faith in the network and liquidity. Additionally, 43% of the UNI tokens will be held by the Uniswap governance treasury. These 430,000,000 tokens will be distributed through contributor grants, community initiatives, liquidity mining, and other programs.
The UNI supply is inflationary, following a rate of 2%, starting four years after the token mint. This inflationary model ensures continued participation and contribution to the Uniswap network. Uniswap's emission structure indicates that the maximum total supply will be reached in September 2024.
About the founder
Development of the Uniswap protocol began in 2017 when founder Hayden Adams was dismissed from his position as a mechanical engineer at Siemens. Adams contacted his close friend Karl Floersch for advice, who suggested he learn more about Ethereum and smart contracts. To develop his coding skills and learn more about blockchain technology, Adams started working on a project that Vitalik Buterin, the founder of Ethereum, had described on Reddit, a popular online forum.
Adams was completely captivated by the beliefs that drove the Ethereum project. The missions of decentralization and permission protocols drove him to continue developing the Uniswap platform, despite being unemployed at the time. A key breakthrough occurred in April 2018, when Adams was introduced to Vitalik Buterin at the Deconomy conference in Seoul. Buterin read over Adam’s source code and advised him to apply for a grant from the Ethereum Foundation and continue developing Uniswap in Vyper, a different coding language.
After several months of continued development, the Uniswap decentralized exchange was finally deployed on the Ethereum mainnet in November 2018. However, the team didn’t stop there and, to this day, continues improving the platform with frequent updates. One such example of this is optional transaction fee tiers in Uniswap V3. This allows liquidity providers to choose how much traders need to pay in transaction fees while trading. Today, Uniswap holds the highest total value locked (TVL) of any decentralized exchange on Ethereum — the largest Layer 1 smart contract blockchain in the cryptocurrency industry.
As a pioneer in the field, Uniswap drew significant interest from several well-known institutional investors. Heavyweight investors like Delphi Digital, Pantera Capital, a16z Crypto, and Blockchain Capital supported and funded Uniswap. These experienced funds aided in the development of Uniswap and are a significant contributor to its current success.
Uniswap highlights
NFTs on Uniswap
One of the most exciting and discussed developments coming to Uniswap is integrating a non-fungible token (NFT) aggregator into the platform. In June 2022, Uniswaps Labs announced that they had successfully acquired Genie and would implement it into the Uniswap site.
Genie is an NFT aggregator. This means that prospective NFT buyers can use Genie to collate and purchase NFTs listed on any marketplace all in one place. This simplifies the NFT collection process and removes the need to check many different marketplaces for the best deals. This is a massive step in the project's development, resulting in DeFi users and NFT collectors being very excited about Uniswap.
The Swap Widget
In April 2022, the Uniswap development unveiled and deployed the Swap Widget, a simple swap function that developers could easily integrate into their applications. The Swap Widget allows users to trade tokens from a third-party site instead of navigating to the Uniswap web app. The Swap Widget can be added to a compatible dApp through just one line of code and is already being used by popular sites like OpenSea.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 7.7K new posts about Uniswap, driven by 5.6K contributors, and total online engagement reached 998K social interactions. The sentiment score for Uniswap currently stands at 85%. Compared to all cryptocurrencies, post volume for Uniswap currently ranks at 1458. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Uniswap.
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Posts
7,716
Contributors
5,552
Interactions
997,556
Sentiment
85%
Volume rank
#1458
X
Posts
6,309
Interactions
782,770
Sentiment
88%
Uniswap FAQ
How much is 1 Uniswap worth today?
Currently, one Uniswap is worth $8.9040. For answers and insight into Uniswap's price action, you're in the right place. Explore the latest Uniswap charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Uniswap, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Uniswap have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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