- Uniswap is the world’s leading decentralized platform, having launched its first iteration just under four years ago. That is a significant feat in and of itself, but the platform believes it has earned even greater bragging rights. Uniswap believes it has what it takes to beat off Binance and Coinbase, its main competitors.
- The exchange has successfully provided a platform for millions of people to enter the world of DeFi in just three years. There’s also the benefit of an open system, where users have complete control over their private keys. The technology has also reduced the cost of providing liquidity. Last May, Uniswap (UNI) hit an all-time high of $44.97, but the stock has since dropped substantially to roughly $5.68 at press time.
- Uniswap is also a less expensive option because it does not require private keys, which would raise the cost of user transactions in centralized systems. Furthermore, the decentralized platform enables users to conduct large-scale trade at a lesser cost.
Uniswap has become the first decentralized cryptocurrency exchange to surpass $1 trillion in total trading volume. Hayden Adams, the founder of Uniswap, formally launched the platform on November 2, 2018. The platform is an ever-growing project that is currently on its third version, which was released last May, and will be followed by a second version in May 2020.
Uniswap (UNI) Increases Its Bullish Position
The exchange has successfully provided a platform for millions of people to enter the world of DeFi in just three years. There’s also the benefit of an open system, where users have complete control over their private keys. The technology has also reduced the cost of providing liquidity. Last May, Uniswap (UNI) hit an all-time high of $44.97, but the stock has since dropped substantially to roughly $5.68 at press time.
Coin Shares, a digital asset marketing organization, has launched two exchange-traded funds in Germany: the Physical Chainlink and the Physical Uniswap. The aggregate value of both assets exceeds $8 billion. The market capitalization of Uniswap is believed to be over $4 billion.
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The Economic Advantages Of Uniswap
Uniswap is the world’s leading decentralized platform, having launched its first iteration just under four years ago. That is a significant feat in and of itself, but the platform believes it has earned even greater bragging rights. Uniswap believes it has what it takes to beat off Binance and Coinbase, its main competitors. Uniswap relies on decentralized protocols, which gives it more flexibility and freedom than the other two platforms, which are both centralized.
Uniswap is also a less expensive option because it does not require private keys, which would raise the cost of user transactions in centralized systems. Furthermore, the decentralized platform enables users to conduct large-scale trade at a lesser cost. The risk of asset loss due to a centralized system is likewise non-existent. Uniswap also has more liquidity than both centralized marketplaces combined.
Source: https://www.thecoinrepublic.com/2022/06/02/the-uniswap-protocols-cumulative-trading-volume-has-surpassed-1-trillion-heres-what-to-watch-for/