Uniswap has declined along with the rest of the crypto market and is currently down 38% in the past 30 days.
Uniswap is seeing a higher search volume in its trends thanks to the news.
The decentralized exchange (DEX), launched less than a year ago, has gone through a number of upgrades so far, allowing users to buy / exchange their tokens with other users. All of this is achieved by connecting dealers together, reducing the need for centralized exchanges.
The latest announcement means that Uniswap will increase its liquidity and enable larger trading volumes.
For those lucky enough to have received part of the Airdrop release of 400 tokens for Uniswap in September 2020, UNI would now be $ 8,572.
Where can I buy Uniswap?
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Why could Uniswap be a good investment?
Uniswap has some strong supporters. This includes the founder of Ethereum, Vitalik Buterin, who recently wrote about the potential of the project on his development forum.
In addition, the whitepaper and the plan by the Uniswap developers are very long-term. Their tokenomics, for example, are already planned for the next 10 years – so if the project is successful, the 2030s could be a significant period for Uniswap.