Decentralized exchanges, or DEXes, are cornerstones of the crypto industry. They eliminate intermediaries that are commonplace at centralized exchanges like Coinbase and Binance.
Today, several governance tokens behind the top DEXes are enjoying massive price increases.
Uniswap’s native token UNI is up 10.4% at press time and is currently trading hands at $29.22.
Built in 2017, Uniswap lets users trade any ERC-20 token for a small fee. It also allows users to earn passive interest on their idle assets by adding them to the protocol and improving a trading pair’s liquidity. At press time, it is the most dominant DEX on the market, commanding nearly 70% market share.
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