Decentralised exchange, Uniswap, has been one of the biggest names to come out of DeFi. It is currently ranking in the top 10 cryptocurrencies by market cap. Of course, Everyone likes the Unicorn logo, but what they really love is Uniswaps access to some of the best Defi swapping on the planet. On this Decentralised Exchange, also known as a DEX, traders can exchange crypto directly without a custodian or intermediary. Orders on the Uniswap exchange are executed on-chain, unlike a centralised exchange in which orders are executed off-chain and the exchange allocates balances to its users.
UNI is the in-house governance token of the Uniswap decentralised exchange. It is an ERC-20 token, meaning that it runs on the Ethereum blockchain. When the UNI token went live in September 2020, UNI doubled in value within its first week. You can buy Uniswap on the Swyftx cryptocurrency exchange.
One of the main benefits of Uniswap is that traders can exchange coins and tokens and not have to trust anyone with the funds they deposit. Uniswap also features a liquidity pool that allows for special reserves to be added by lenders who hope to earn interest on their cryptocurrency. Additionally, users of Uniswap can earn rewards from trading fees by participating as liquidity providers. With lightning-fast settlement speed, super-high trading volume, and ultra-high liquidity, UniSwap will continue to remain a strong force in the cryptocurrency industry for some time. Currently, Uniswap's circulating supply has not yet surpassed 65% of its maximum supply.