DataDash founder Nicholas Merten is bullish on the new Uniswap governing protocol UNI. Within a few days after its launch, UNI rose to highs of $8.40. On the 22nd of October, Merten revealed that he now owns some UNI and intends to acquire more. Stating his belief in the utility of the trading platform, he said:
“My key point here is that Uniswap is probably the most fundamentally useful, utilized, and valuable DeFi protocol. Taking a look at the overall total locked-value… it is the largest DeFi protocol.“
In addition, the DataDash founder mentioned OmiseGo (OMG) as the second asset on the list. OMG network is a non-custodial Layer-2 scaling solution on Ethereum. Merten said that OMG seeks to solve the problem of high gas fees on the Ethereum blockchain.
The crypto analyst explained that Tether is now in partnership with OmiseGO. The two are jointly working on allowing Tether’s migration to OmiseGO to reduce gas fees on the Ethereum mainnet. The joint venture also aims to enable users of Layer-2 to enjoy lower gas fees.
Finally, Merten noted the new crypto Ampleforth (AMPL) and that he holds “a decent-sized position” in AMPL. Speaking further on AMPL, Merten also thinks the new crypto will begin to play a significant role in the digital assets’ world in the next few months.
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