• Uniswap Exchange launched its (UNI) coin

    In recent years, crypto trading has made its impact globally on centralized trading platforms. Investors used to buy cryptocurrencies like Bitcoin, Ethereum, or Uni through centralized exchanges. And these were the only currencies available on centralized platforms. But the technology changed and companies are introduced new Decentralized exchanges. These platforms are way better than centralized platforms because they are more flexible and provide more security and privacy to the currencies. That’s where Uniswáp Exchánge was introduced and it is still considered to be one of the biggest DeFi (decentralized) cryptocurrency exchanges in the world. It was launched as an AMM (Automated Market Maker) in 2018. Initially, users can exchange the coins directly with some protocols and even faster than on other platforms.

    According to the Uniswap Exchange website: “Uniswap is an automated market maker(AMM). In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets.”


    What makes Uniswap(UNI) unique? 

    Well, Uniswap Exchange created history with huge numbers of active users around the world. So they introduced the “Uniswap Coin(UNI)” for the users to buy, sell, and trade on this platform. In 2021, Uniswap Exchange attained growth and popularity in the mainstream. According to the data from DeFi pulse, the total growth shown in DeFi protocols was about $91.93bn on the day of 19 January and it was up by 165% with the amount of $34.69bn in just 2 days only. The growth was so good in the new year and many users swapped coins in Uniswáp Exchánge and made it to the top 10 in the list. According to the CoinMarketCap stats, on the 19th of January, Uniswap Exchange was ranked sixth among the top DeFI exchanges around the world. The market capitalization was $9.6bn on that day and lagging behind Terra (LUNA), Avalanche (AVAX), Wrapped Bitcoin (WBTC), Chainlink (LINK), and Dai (DAI).

    Uniswap’s currency (UNI) serves as the Uniswap network’s utility, and it is now legalized as a government token for the future development of cryptocurrency. Well, it totally depends on the traders or token holders because they have the power to vote on various proposals or even drop the token if it is not delivering the right amount of gain to the traders.


    Conclusion: 

    Uniswáp Exchánge is in the top 10 around the world just because it offers the best platform with advanced features for traders and investors. You can even buy, sell, and trade (UNI) crypto on this platform. However, gather full information about all the cryptocurrencies around the world and then trade in these exchanges.