Uniswap has been dipping along with the rest of the crypto market and is currently down by 38% over the last 30 days.
Uniswap has been seeing higher search volumes on its trends thanks to the news.
The decentralised exchange (DEX) launched less than a year ago, has gone through a number of upgrades so far, and allows users to buy/swap their tokens with other users. This all achieved by connecting traders to one another, thereby reducing the need for a centralised exchange.
The latest announcement will mean there will be a boost to Uniswap’s liquidity, allowing for greater trading volumes.
For those lucky enough to have received some of the airdrop release of 400 tokens for Uniswap back in September 2020 would now have UNI worth $8,572.
Where to buy Uniswap
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Why could Uniswap be a good investment?
Uniswap has some strong backers. This includes Ethereum founder, Vitalik Buterin, who recently wrote about the project’s potential on its development forum.
In addition, the whitepaper and plan from the developers of Uniswap is very long term. Their tokenomics for example are already planned out for the next 10 years – so if the project is a success the 2030s could be a significant time period for Uniswap.