DeFi Domination #2: Uniswap

DeFi Domination #2: Uniswap

By Walooploop | AltCoin Alley | 7 Feb 2021


93344ea7cd7185368a69e1581bab15f25e9b316a4b15499038a7bdddf96b3f39.jpgAmongst a beautiful and mystical land of unicorns lies another hidden gem; Uniswap.

In the last 24 hours Uniswap has experienced nearly a 10% correction and appears to be hitting a bottom near $180c9199cc6e98af53e03c392ccd83b8178afd2f466afd53a6c98c21c75aa5135c.png

Uniswap is a decentralized exchange; an automated liquidity pool built upon Ethereum. There is no middleman involved and allows users to trade assets with no middle party, no order book. 

Given recent news, Uniswap has particular appeal and value as it allows individuals to change assets freely, with no potential for limitation or freezing of trades as we witnessed with GameStop, AMC and other notable short squeezes.

As the world inevitably wakes up to the corruption and manipulation in Wall Street that runs to the core of our governance, we will witness an awakening to the power and capacity that assets like Uniswap bring to the table.

Uniswap is secure, decentralized, permission-less and censorship proof. 

Uniswap aims to solve traditional liquidity problems on decentralized exchanges utilizing an automated market maker. 

Uniswap presently has a market cap of 5.5 Billion and a circulating supply of 300.9 million coins. Uniswap has a max capacity of 1 Billion tokens. 
Uniswap has a daily volume of 1 billion. Given these numbers, Uniswap definitely deserves our recognition as a sleeping giant. 
 
Uniswap continues to see higher lowers and high volume that offers promise of pulling the price higher. 

I am not a financial advisor, just an average dummy. I do believe Uniswap has the potential to UniPop to the moon- best of luck. Buckle up. 🚀 

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