DeFi Boom Makes Uniswap Most Sought-After Crypto Exchange
- Ethereum-based trading platform doesn’t check user identities
- Firm forms liquidity pools rather than serving as market maker
Servers
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Uniswap may seem like just another cryptocurrency buzzword, but for those in the know, it’s the latest gateway to quick riches.
The so-called decentralized exchange, or dex, has become the hottest trading platform in the niche sector of digital assets known as decentralized finance, or DeFi. In less than two years since its launch, Uniswap’s average daily trading volume has jumped to about $220 million, according to data tracker CoinMarketCap.com. Researcher Messari estimates that makes it the largest DeFi exchange and the fourth-biggest overall in the crypto world, behind industry behemoths Binance, OKEx and Huobi.