Uniswap is a decentralized exchange or DEX; this decentralized exchange is indirectly run by the second largest crypto currency Vitalik Butrin. In recent years, this decentralized exchange has dreamed of becoming the best, largest and most exchanged crypto currency exchange.
The purpose of Uniswap exchange is to get rid of today’s classic and old exchanges, namely exchanges such as Binance, Coinbase and Bitmex. In a decentralized Uniswap exchange, no one can control or access your assets, but in a centralized exchange, your assets are actually in the management of the exchange where you keep your token in your wallet.
What is Uniswap?
As we said, Uniswap is a decentralized exchange in 2020; the exchange has donated 400 UNI tokens to each wallet that traded in this exchange in September 2020. The tokens were worth about $ 800 and made a lot of noise. It is interesting to know that these 400 tokens are currently worth more than $ 7,000.
This exchange has had an explosive growth until early 2021. This exchange is related to Decentralized Finance (DEFI) and is a leader in this field. Uniswap uses Atrium Blockchain, and investors have invested more than $ 1 billion in crypto currency in the exchange. It is interesting to know that many NFTs also use Ethereum Blockchain.
This exchange swaps your crypto currency exchange without having to create an account and exchanges it with other currencies and receives a lower fee compared to other decentralized exchange offices.
Is Uniswap a good investment?
With the explanations we gave in the previous section about Uniswap, you must have realized that this is a new phenomenon that has occurred in the world of crypto currency. Decentralized exchanges that do not need to be managed and controlled by other governments and are free from government censorship and control was the idea and dream of many fans of crypto currencies, including Vitalik Butrin, who has made many efforts in recent years to strengthen exchanges. Decentralized and Uniswap is one of them.
If you know some information about the crypto market, you must know that many exchanges, including Binance or Houbi, know their special and native tokens that they use in exchanges and financial transactions and reduce the cost of transfer fees. Many of these tokens are very expensive today and mostly cost more than $ 50.
But in recent months, with the coming of new decentralized exchanges, the DEX world has seen new days, and the price of many official tokens of decentralized exchanges, such as Sushiswap Cake and Uni tokens, has risen well.
The Uni token was around $ 5 at the time of its introduction and Airdrop, while it has now risen in price by 350% to $ 22.85, and many crypto currency analytics sites such as CryptoPedia say the price is expected to rise by the end of the year. Reach $ 100 by 2022 or early 2023!
So we suggest you consider these and then buy UNI tokens for investment. Be aware that investing in crypto currencies is generally very risky, and pay attention to the consequences of unscientific and uninformed purchases.
