Uniswap (UNI) introduces “The Compact” to power seamless cross-chain interoperability

  • Uniswap Labs has unveiled a new system to make cross-chain interactions secure and frictionless.
  • The Compact introduces a shared mechanism to inhibit fragmentation across decentralized platforms.
  • The new feature could change how assets and projects interact in the blockchain industry.

Uniswap Labs has revealed a key move towards solving one of the main challenges in decentralized finance (DeFi) – interoperability – which means communications or interactions between different blockchains.

The decentralized trading protocol has announced The Compact, an open-source contract system aiming to make applications and digital assets interoperable.

That means users can move apps and assets from across various chains without risky or complicated workarounds.

Generally, The Compact allows users to “commit” tokens for specified actions, like cross-chain operations or swaps, while retaining control.

It is an innovative way of locking assets securely while allowing them to move credibly and freely across different platforms.

The official blog indicated:

The Compact enables secure cross-chain settlement through a system of reusable Resource Locks and programmable commitments. When sponsors deposit assets, they create ERC6909 tokens representing those locked assets, which remain under the sponsors’ control.

Meanwhile, Uniswap’s new release might transform how decentralized applications interact with each other.

Rather than each project creating its escrow solution or bridge, The Compact offers a shared platform that all developers can utilize, adapt, and trust.

Fixing a fragmented space

The current DeFi landscape comprises hundreds of blockchains, sidechains, and rollups, each boasting its own standards and tools.

These fractures create substantial challenges.

For instance, developers might find themselves rebuilding similar infrastructure.

Also, users have to juggle several wallets, while others deal with trapped tokens after using incompatible systems.

Uniswap Labs seeks to fix that using The Compact.

With this framework, individuals can access a common set of tools when managing value across chains.

That means protocols can offer cross-chain functionalities without surrendering decentralization or security.

Why does The Compact matter?

DeFi projects have struggled to communicate without a collective framework.

Each protocol has had to create a bridging system or escrow, which leads to user friction, rigid trust models, and fragmented liquidity.

The Compact introduces the missing piece in the puzzle.

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With the new system, developers on the Uniswap blockchain can remove the complexity of an asynchronous environment.

Users can enjoy simple and declarative compatibility without bridges or wallets.

The team declared:

With The Compact, developers can finally offer simple, declarative interactions where users never have to navigate the underlying complexity without building new infrastructure that risks ecosystem fragmentation.

UNI price outlook

Uniswap’s token has struggled in the past few sessions, despite broader market rallies.

UNI is trading at $7.88 after losing nearly 20% of its value the previous month.

The coin has consolidated the previous week, and prevailing sentiments suggest a possible breakout to the upside.

Overcoming the resistance around $8.40 could support UNI recoveries to $12 and $18 amid extended broad-based surges.

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PEPE price falls 6% to key support level amid memecoin weakness

  • PEPE price dropped 6% to lows of $0.0000088, testing critical support at $0.0000090.
  • The broader memecoin market fell 5%, with DOGE, SHIB, and others hit by macroeconomic pressures and reduced liquidity.
  • PEPE’s recovery depends on holding support and renewed social momentum, amid ongoing sector volatility and regulatory risks.

PEPE, the Ethereum-based memecoin, experienced a 6% decline in 24 hours as bears emerged.

The losses, coming amid overall market sell-off, saw Pepe test a critical support threshold.

Memecoin weakness means other tokens in the sector also witnessed dips.

PEPE declines to test key technical zone

As highlighted, the price of PEPE dipped 6% over the past 24 hours to reach almost $0.0000088.

This meant bulls brushed against a key support level below which more pain could follow.

Interestingly, the downward action came with a dip in intraday trading volume to $658 million.

The 12% decrease from the previous day aligned with bulls’ resilience as buyers sought accumulation.

The token nonetheless is near the oversold territory, with the Relative Strength Index at 36.

Such an outlook is always a signal for a potential bounce if buying interest resurfaces.

Pepe chart by TradingView

Support at $0.0000090 remains and aligns with prior consolidation zones.

The area now serves as a psychological bulwark.

On the upside, a bounce from the lows occasioned by profit-taking will awaken social media buzz.

Meantime, investors will keenly monitor whale activity, as large holders offloading or buying points to a potential uptick or downturn.

Broader memecoin sector grapples with persistent weakness

PEPE sentiment is a result of a wider weakness affecting the memecoin sector, which has shed nearly 5% in aggregate value this week.

The total meme coin market capitalization is now below $82 billion.

Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced a decline, albeit a minor one in the context of the past 24 hours.

Bonk (BONK) and Popcat also pared some gains amid widespread profit-taking.

This collective retreat stems from a confluence of macroeconomic headwinds, including the US Federal Reserve’s signals on interest rates.

Government shutdown is also a factor. Bitcoin, which shot to an all-time high above $126,000 this week, dropped to $122,000 before seeing a slight uptick ahead of the FOMC minutes on Wednesday, Oct. 8.

The memecoin sector’s inherent volatility could increase if markets see a fresh downturn.

Notably, trading volumes for top memecoins have contracted by an average of 3.4% on the day.

But despite the diminished liquidity, analysts are upbeat amid calls for an altcoin season.

The memecoin arena remains robust, with viral whims likely to swiftly turn underperforming tokens into overall outperformers.

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Ethereum $5K price forecast amid ETF inflows and Jack Ma’s ETH reserve boost

  • Spot ETF inflows and declining reserves boost Ethereum’s bullish outlook.
  • Jack Ma’s reported ETH reserve adds optimism to market sentiment.
  • $4,400 support and $4,800 resistance are key levels to watch.

Despite the current market correction, Ethereum’s technical and macro fundamentals point to a potential resurgence in the near term.

Strong institutional demand, continuous inflows into spot ETFs, and notable accumulation headlines, including the rumoured reserve by Jack Ma, have reinforced bullish sentiment among traders and analysts alike.

Institutional inflows driving momentum

US spot Ethereum ETFs have continued to attract significant attention, recording $420.90 million in inflows on October 7, marking the seventh consecutive day of positive flows.

Total Ethereum spot ETF net inflow
Source: Coinglass

The inflows not only bolster liquidity but also suggest growing institutional confidence, which is likely to support a medium-term recovery toward the $4,900–$5,000 range.

The sustained demand has coincided with a decrease in exchange reserves, which have fallen to a three-year low of 17.4 million ETH.

Corporate treasuries and the EIP-1559 burn mechanism are further tightening supply, creating a backdrop for potential price acceleration.

Technical patterns hint at a potential ETH price breakout

Ethereum’s price movements over the past weeks show a mix of consolidation and cautious upward pressure.

The token has been trading near $4,450, with short-term support holding around $4,400–$4,420.

Notably, there is an ascending triangle pattern forming since June, with rising support and a horizontal ceiling near $4,750–$4,800.

Ethereum price analysis
Source: CoinMarketCap

This formation suggests that ETH could be poised for a breakout if bulls can reclaim the $4,800 level, opening the path toward the psychological $5,000 milestone.

Despite the volatility, the Relative Strength Index (RSI) is currently hovering around 54, indicating that the market remains balanced and ready for renewed momentum.

Jack Ma’s Ethereum reserve boosts sentiment

While details remain unverified, the news that Jack Ma is accumulating a strategic Ethereum reserve has fueled optimism, particularly in Asian markets where Ethereum (ETH) adoption and staking activity are robust.

The combination of symbolic corporate accumulation and healthy technical positioning has prompted renewed interest among retail and institutional investors.

The report adds a layer of confidence to the bullish narrative, complementing ongoing ETF inflows and decreasing exchange balances.

The key Ethereum price levels to watch

Ethereum’s recent correction from $4,800 to around $4,450 highlights that the market is still quite volatile.

The hourly chart indicates resistance near $4,600 and key support levels at $4,400–$4,420.

If ETH fails to hold the support at $4,400, further downside to $4,320 or even $4,150 could occur.

However, analysts maintain that these dips appear more like momentum resets than trend reversals, especially seeing that even Bitcoin (BTC) is witnessing a similar retest after hitting a new all-time high (ATH) above $126,000.

For Bitcoin, some economists have projected that it could hit $140,000 before the end of October, which, as is usually the case, could lift the entire crypto market sentiment, boosting Ethereum’s price outlook.

If the Ethereum price maintains above $4,400, it could allow bulls to reassert control and drive the token toward its next major targets near $4,950–$5,050.

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