UniSwap Labs announced that the Limit Orders feature has been launched on the X platform, which is applicable to any token on the Uniswap interface with zero gas costs.

Legal experts say that the move by the US Securities and Exchange Commission (SEC) to sue Uniswap was foreseeable, but they believe that the agency's actions signal that DeFi will face more problems. While the SEC has issued a Wells notice to DeFi exchanges, the agency is also considering a rule proposal that would include these companies.

Today Uniswap Labs received a Wells notice from the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), notifying us that they are planning to recommend a legal action against us. In the meantime, our entire suite of current products will continue to be available, and we will continue to ship new products. Taking into account the SEC's ongoing lawsuits against Coinbase and others as well as their complete unwillingness to provide clarity or a path to registration to those operating lawfully within the U.S., we can only conclude that this is the latest political effort to target even the best actors building technology on blockchains.

According to Chain Analysis Analyst Yu Jin's monitoring, after the SEC issued a Wells notice to Uniswap Labs, the UNI price fell from $11.2 to the current $9.4, a 16% drop. A whale/institution who bought 1.247 million UNI at an average price of $6.63 in early 2023 decided to clear their position on UNI due to this news: one hour ago, they transferred all 1.247 million UNI to Binance through two addresses. The whale/institution ultimately realized a profit of approximately $3.45 million (+42%) on UNI.

Uniswap, a decentralized crypto exchange, has received a Wells notice from the SEC indicating that the regulator intends to pursue an enforcement action. While Uniswap CEO Hayden Adams did not disclose the specific charges, Wells notices sent to crypto companies have historically alleged the unregistered offer and sale of securities. Adams expressed frustration with the SEC's focus on attacking good actors like Uniswap and Coinbase, rather than creating clear rules. He also stated that Uniswap will fight the charges, which may take years and have implications for the future of financial technology.

Uniswap announced on X platform that UniswapX has launched on the interface and will provide the best prices for trading.

Snapshot page displays that the Uniswap DAO has passed the "Implementing Treasury Asset Diversification" proposal with a final support rate of 75.97%.The proposal suggests the establishment of an advisory committee to help Uniswap achieve fund diversification. The proposal states that in addition to diversification, the committee's goal is to explore how to transform the Uniswap treasury from a dormant reserve in the form of UNI tokens into a fund pool that can earn profits and additional income for the DAO. The committee, called the Uniswap Treasury Working Group, will explore managing the protocol's reserve funds and creating additional income for the project, while proposing a budget of $74,000 for eight weeks of research work for committee members.

Decentralized exchange Uniswap has released a research report on the advantages of Uniswap trading on Layer 2 networks. The research shows that 97.5% of trades under $125,000 perform better on Layer 2 networks than on Ethereum. The concentration of liquidity on Layer 2 networks is also 75% higher than on Ethereum, thus improving the capital efficiency of liquidity providers. Due to lower transaction costs, liquidity providers can rebalance their Uniswap positions more frequently. On average, liquidity providers operating across the full price range on Layer 2 enjoy arbitrage profits about 20% higher than on the mainnet. These research data were obtained before the Dencun hard fork, suggesting that efficiency will be even higher with the introduction of blob transactions.

According to data from Whale Alert, a whale withdrew 86,000 UNI tokens worth $1.22 million from Binance half an hour ago. It is reported that the address has accumulated a total of 1.088 million UNI tokens with an average purchase price of $11.84 in March.

According to official sources, UniSwap Labs announced that the Limit Orders feature has been launched on the Web App. This means that users can independently set the price for trading tokens without having to excessively focus on market data. UniSwap stated that the cost of limit orders is zero, there is no minimum swap requirement, and no need to deposit funds.

The Uniswap V3 Fees Factory Owner Amendment proposed by Michigan Blockchain, 404 DAO, and GFX Labs was not passed, with 30 million UNI (59.89% of the total) cast as opposing votes. Representatives such as teemulaumhonkasalo.eth and Wintermute (wintermutegovernance.eth) also voted against the proposal.It is reported that the proposal would have allowed DAO to change the fee mechanism in the future. In the proposal put forward by the Uniswap Foundation, V3FactoryOwner.sol did not have the function to set a new owner for UniswapV3Factory.sol. If the proposal had been passed, no one would have been able to change V3FactoryOwner.sol, and this would have been a permanent change.

According to an official announcement, Uniswap announced that it will soon launch a plugin extension program that seamlessly integrates with web applications and mobile applications, allowing users to access all their favorite Uniswap features directly from the sidebar of the website.

Lookonchain monitoring data shows that today's UNI price has risen by more than 20%. Wallets related to Uniswap (team/investors/advisors) sold 41,000 UNI (worth $608,000) after the price increase. The wallet also sold 43,000 UNI (worth $485,000) after the UNI price increase on February 14th. Currently, the wallet still holds 358,326 UNI (worth $5.83 million).

The proposal to activate the Uniswap protocol governance initiated by Uniswap has been passed by the required number of votes (10 million UNI) based on the snapshot page information. Currently, 100% of the votes support the proposal, and the voting will end on March 6th. The next step will be on-chain voting, which will last for 7 days and require 40 million UNI as the required number of votes.

According to OKX market information on March 2nd, UNI broke through $13 and is currently priced at $13.22, reaching a new high in this round of rebound and also the highest since February 2022. Prior to this news, Uniswap had initiated a "Activate Uniswap Protocol Governance" proposal vote, with a current approval rate of 100%.

According to OKX market information, UNI briefly broke through $12 and is now priced at $12.012, with a gain of 5.63% in the past hour.

Whale who previously successfully bought ETH at an average price of $2420, has bought $5 million worth of UNI in the past 18 hours.

According to information on the Snapshot page on March 2nd, Uniswap has initiated a proposal to "activate the Uniswap protocol governance", with a current approval rate of 100%. The vote will end on March 7th. On-chain voting will be released on March 8th.

Uniswap Labs announced on platform X that they will soon release the Uniswap Extension plugin, which will provide early access for users with a uni.eth username. The waiting list is now open. Uniswap Extension can be collapsed on the side of the browser for sustainable use, allowing users to quickly complete functions such as Swap, transaction signing, and token transfers.

A wallet that received 5.44 million Uniswap (UNI) tokens in 2020 sold 90,000 of them for $1.03 million during Friday's surge. Blockchain analytics firm Lookonchain suggests that the wallet may belong to an early Uniswap investor or team member. The wallet still holds 926,000 UNI tokens, worth $10.6 million, after selling almost 9% of its stash. Uniswap's governance proposal led to a surge in UNI's price on Friday, but it has since fallen by 19% to $10.40.