Bedrock's native tokenized version of staked Ether is known as uniETH.
uniETH represents the staked ETH in Bedrock plus all future staking rewards. uniETH is non-rebasing, i.e. does not grow in quantity over time but grows in value instead. In other words, 1 uniETH will be worth more than 1 ETH as time goes on, and its value will continue to increase as more time passes.
Launched by RockX, Bedrock is a non-custodial solution that satisfies the requirements of institutions seeking a basis for large-scale liquid staking. By bringing new levels of transparency and security to liquid staking, Bedrock allows institutions to unlock liquidity safely by adhering to regulations while leveraging a true crypto-native solution.
Universal ETH Price Analysis
As of December 25 2024 Universal ETH has a marketcap of $101M.
This is {{percentagefromath}} from its all time high of $4.68256K.
In terms of its tokenomics, there's a total supply of 27K with 100% currently outstanding.
Keep in mind Universal ETH has a fully diluted value of $101M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
