Driven by Liquidity Incentives, Unichain TVL Skyrockets Past $100 Million

BlockBeats News, April 17th. According to data from the Uniswap Foundation, after Gauntlet provided two weeks of continuous UNI incentives to 12 pools on Unichain, Unichain's TVL soared to over $1 billion, reaching $1.074 billion. Previously, Unichain's TVL was only just under $1 million, with the USDC/USDT0 Pool reaching $67 million.

Currently, the daily reward for the 12 Unichain Pools is approximately $330,000 worth of UNI in total, with the USDC/USDT0 Pool rewarding 7,784 UNI per day (worth around $40,600).

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Key Market Insights for April 17th, how much did you miss out on?

1. On-chain Funds: $64.8M Flows into Unichain; $44M Flows out of Base 2. Largest Price Swings: $STRAX, $AERGO 3. Top News: Federal Reserve Chair Powell Suggests Easing Bank Cryptocurrency Rules

On-Chain Activity