March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Uniswap (UNI)
Uniswap is one of the most prominent decentralized trading protocols, becoming a key pillar in the constantly growing De-Fi economy.
Price:
$6.81
Mkt Cap:
$5,294,355,019
View Coin Page
Project Fundamentals
- Uniswap is the pioneering decentralized exchange (DeX) running on the Ethereum Virtual machine, which allows users to swap, earn and build using their crypto trading platform.
- Uniswap uses their automated market maker protocol employing a collection of liquidity pools to provide a decentralized service for their users.
- Anyone can list a token on the decentralised protocol, and all smart contract capabilities are public.
Partnerships / Implementation
- Vitalik Buterin is a major supporter of applications like Uniswap: The next killer app is not the notes, it’s the links — Uniswap, Decentralized finance, etc. Every application is a component the future ecosystem can gain from.
- According to De-Fi Llama the total value locked on Uniswap amounts to $5.4 billion USD. Ranking 5th behind Maker DAO, Lido DAO, AAVE and Curve.
- According to a Goldman Sachs Research Letter “Uniswap could become a bigger exchange than the CME or the NYSE which will pull people in.”
Roadmap and Announcements
- In recent years Uniswap has comfortably led all Decentralised finance projects except Ethereum in TVL, which has driven significant investment into the protocol.
- In August 2022 Uniswap Labs spokesperson commented that, “Uniswap Labs is eagerly awaiting the merge. It’s an important step in scaling Web3 and immediately reduces the environmental impact of Ethereum.”
- In August 2022 Uniswap voted to support of “Open-Source Development. “
- In October 2022, Uniswap Labs raised $165 million to expand into other crypto-focused domains.
- In October 2022 Binance delegated 13.2 million UNI tokens becoming Uniswap DAO’s second largest vote-holder.
- In the Fallout of the FTX’s Insolvency Decentralised exchanges can potentially benefit from traders opting against the use of centralised exchanges.
- In a joint research paper in January, Uniswap Labs and Circle displayed how settlement on public blockchains can be an affordable and transparent alternative.
Technical Analysis
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Bitcoin (BTC)
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