Uniswap price today.
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How the value of Uniswap evolves
Uniswap aims to keep automated token trading completely open for anyone holding cryptocurrencies, and in parallel, seeks to improve the efficiency of trading operations compared to traditional exchanges. UNI has great growth prospects thanks to the rise of decentralized finance (DeFi), and the resulting increase in token trading. You can quote, buy and track the price of UNI on our Cryptomkt platform.
What is Uniswap?
Uniswap (UNI) is a decentralized exchange protocol that has gained prominence due to its particular system of operation, which allows different cryptocurrencies to be exchanged using smart contracts over the Ethereum network. The total supply of the UNI governance token is 1 billion units, which will be available over four years, after which Uniswap will introduce a perpetual inflation rate of 2% to maintain participation in the network.
3 reasons to choose Uniswap
Decentralized exchange protocol
Uniswap is a decentralized exchange protocol (DEX) running on the Ethereum blockchain. As such, it allows users to exchange tokens directly without the need for a centralized intermediary. The protocol works through the use of smart contracts, allowing for greater security and transparency in transactions.
Token pairs and automated liquidity
Uniswap works through the use of token pairs, where users can exchange one token for another. The protocol uses an automated liquidity system, which means that liquidity providers can deposit their tokens into the smart contract and receive a proportionate share of the exchange fees in the protocol.
Uniswap charges a 0.3% exchange fee on each transaction that takes place on its platform. These fees are paid in ETH and distributed to liquidity providers and UNI token holders as a reward for their participation in the protocol. If demand for Uniswap's platform remains high, this could increase transaction volume and exchange fees, which could increase the value and price of UNI.