Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 04, 2021, 11:15:06 PM
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Just slightly ahead of Curve Finance, Uniswap holds the number one position as the most popular decentralized exchange. Uniswap V3 upgrade should boost this precarious lead even further.
By pioneering automated market makers (AMMs) in November 2018, Uniswap cleared the way for the decentralized future of finance. One without the influence of hedge funds as market makers, exchanges, and clearing houses, all in one corruptive package.
https://s32659.pcdn.co/wp-content/uploads/2021/05/Teaser.mp4
Uniswap V3 teaser: Official Twitter handle
When JP Morgan talks of ethereum eventually outperforming bitcoin, DeFi protocols like Uniswap will drive its value. The Uniswap team teased us with a V3 upgrade just a month ago, promising the long-anticipated layer 2 scaling. Such an upgrade couldn’t come sooner, given the breakneck pace at which DeFi traffic flows into Binance Smart Chain (BSC).
BSC’s equivalent to Uniswap — PancakeSwap — reached over 2 million transactions this month, outpacing the entire Ethereum space. This is completely understandable as people flee enormous transaction fees, unbefitting of the vision of decentralized finance. As of press time, the average Uniswap Swap fee is at $50.81, according to the Etherscan gas tracker.
Let’s take a look at key Uniswap V3 features that will alleviate Ethereum’s gas crisis. Source (https://cryptonews.net/610598/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)