The price of HayCoin has seen a significant increase after the creator of Uniswap, Hayden Adams, decided to burn 99.99% of the token's supply. At the time of writing, HayCoin is trading at $2,538,123, representing a 273% increase over the past day. Adams expressed discomfort with owning almost the entire supply of HayCoin and decided to burn the tokens in his possession. He explained that HayCoin was initially created for testing purposes before the launch of Uniswap V1. Adams mentioned how people started trading HayCoin as a memecoin, acknowledging the unpredictable nature of the crypto world. He stated that he will no longer be involved with HayCoin and considers speculating on it to be nonsensical. Uniswap, on the other hand, has recorded an all-time high trading volume of over $100 billion in October, surpassing established centralized exchanges like Coinbase. Uniswap continues to enhance its platform with the upcoming v4 iteration, introducing features like "hooks" and consolidating all pools within a single contract. However, Uniswap recently adjusted its swap fees to 0.15%, which triggered mixed reactions within the community and resulted in a price crash for the UNI token.
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