Review on Uniswap by jesus ruiz
Uniswap, among the best DeFi's today
Decentralized DeFi finance has become one of the most popular trends in the cryptocurrency world,
This is because DeFi's have the decentralized ability to exchange, invest and lend, without major drawbacks. In them you can, easily, have full control of finances, which are not entrusted to specific people, but to smart contracts and algorithms. One of the most interesting and constantly developing DeFi is Uniswap.
Uniswap is a decentralized exchange platform that performs automated transactions between cryptocurrency tokens on the Ethereum Blockchain by using smart contracts in an easy and secure way for its users.
In my opinion, Uniswap has become one of the major references in the cryptocurrency universe, because of its good performance. This is why it has achieved an extraordinary steady growth and has become one of the great DEX in the world of cryptocurrencies.
It is worth noting that Uniswap has its governance token called UNI with which it seeks to drive growth and interest in the platform. For this reason, Uniswap has become one of the most used platforms in this ecosystem.
At the time of this Review UNI has a price of $31.11 USD with a 24 hour trading volume of $512,492,004 USD. with a market cap of $16,282,366,190 USD.
For me, according to my experience in the world of cryptocurrencies, Uniswap is the most famous and forward-looking decentralized exchange protocol, constantly evolving and developing, operating on the Ethereum blockchain right now.
A very important feature of Uniswap, is that the control of funds is always in the hands of the user (similar to the 0x protocol), and that due to the large user base and liquidity providers (LP) of the platform, there is always a quick response for exchanges.
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Pros
- Access to the protocol can be done using any web3 wallet such as MetaMask.
- It has a low transaction cost.
- It is a decentralized system.
- You can make an exchange with any ERC-20 token.
Cons
- Uniswap, like most of the current DeFi technology, is highly experimental. Therefore, you should be very attentive to the fact that any bad operation or carelessness in the operations can bring many risks and could cause the loss of your money.
