Uniswap’s Layer 2 User Growth and Poodlana Coin Launch
- Uniswap Layer 2 users surged 350%, but trading volume has dropped 39% since May.
- Poodlana has raised $6.3 million in pre-sales and is scheduled to be available on Raydium on August 16.
- Poodlana’s token POODL is currently valued at $0.0499, with prices rising every 72 hours before listing.
In the rapidly evolving cryptocurrency space, two key developments have caught the attention of the community. Uniswap has seen a 350% surge in layer 2 (L2) user numbers in recent months, and Solana-based viral meme coin Poodlana (POODL) is about to make its much-anticipated listing on Raydium.
Uniswap’s Layer 2 User Surge
Uniswap, the leading decentralized exchange (DEX) by trading volume, has experienced significant growth in its layer 2 (L2) user base.
According to data from Dune Analytics, from May to July, the number of unique addresses interacting with Uniswap on L2 increased from 1.82 million to a staggering 8.93 million, marking a 350% increase.
June and July set record highs, surpassing the previous record of 2.12 million users in April. However, despite the sharp rise in user numbers, Uniswap’s overall transaction volume has been declining.
The monthly protocol volume dropped 31% to $23.2 billion in June and another 12% to $20.5 billion in July, reflecting a 39% decrease between May and July. This suggests that while more users are utilizing Uniswap on L2, their transaction amounts may be smaller.
The disproportionate growth of users and the decline in transaction volume have raised concerns about user quality. Analysts have likened this pattern to a Sybil attack, where users create multiple addresses to manipulate the protocol for potential rewards.
Poodlana: The Hermes of Cryptocurrency
While Uniswap navigates its L2 growth challenges, Poodlana (POODL), a Solana-based meme coin, is making waves in the crypto community.
Nicknamed “The Hermes of crypto,” Poodlana has attracted investors with its blend of high fashion and poodle-themed branding. With a successful pre-sale raising over $6.3 million, Poodlana is set to debut on Raydium with a listing price of $0.060.
Poodlana’s appeal lies in its luxury marketing and community-building efforts. With over 16,000 social media followers, Poodlana engages users through contests and exclusive events.
Investors are drawn to Poodlana’s pre-sale structure, where the coin’s price increases every 72 hours, encouraging early participation. The absence of a lock-up period provides immediate liquidity upon listing.
Poodlana’s roadmap includes expansion to major exchanges and a robust marketing campaign involving influencers and fashion brands, positioning it as a potential leader in the meme coin market.
In Conclusion
As Uniswap’s L2 user base grows and Poodlana’s launch approaches, these developments underscore the dynamic nature of the crypto market. While Uniswap faces challenges, Poodlana’s innovative approach could set a new standard for meme coins, showcasing the growth potential of decentralized finance and creative token initiatives.
