Uniswap (UNI) Uniswap is the largest decentralized exchange ( | Crypto Great | Bitcoin | DeFi

Uniswap (UNI)

Uniswap is the largest decentralized exchange (DEX) on Ethereum. It allows anyone in the world with an internet connection to swap assets in a permission-less and trustless manner.

Uniswap is coming off a big year, passing $58 billion in annual trading. That’s up 15,000%from $390 million in 2019. Today, it’s the fifth-largest crypto exchange in the world for spottrading and the largest DEX, averaging over 54% of trading volumes among other DEXs in2020.

In 2021, Uniswap will improve its automated market making (AMM) technology. This will lead to a better user experience with faster settlements and cheaper transactions.

One scaling solution Uniswap is looking to implement is Optimistic Rollups. It’s a layer 2solution that can increase transaction speeds by 75 times and cut transaction fees by 99%.The public mainnet release of Optimistic Rollups is scheduled to be released around March15.

Uniswap stands to benefit from the growth in DeFi as the go-to DEX on Ethereum with the lowest transaction fees and greatest liquidity. As Uniswap continues to gain adoption, users will look to own a piece of the exchange’s future profits by owning the UNI token.

Over the past month, Uniswap has generated roughly $630 million per day in trading volume.That’s nearly double the previous month’s average. Uniswap’s growth has exceeded our expectations already. And when it implements its layer 2 scaling, we believe usage will only accelerate from there. For these reasons, we’re raising our buy-up-to price to $11.