uniswap small research
- Uniswap is a decentralized trading protocol that allows users to exchange decentralized finance (DeFi) tokens automatically and openly. Uniswap uses an Automated Market Maker (AMM) model that connects liquidity pools provided by users.
- Uniswap also has its own governance token, namely UNI, which was launched in September 2020. UNI is used to give voting rights and influence to its holders in governing the Uniswap protocol. UNI can also be exchanged for other tokens on the Uniswap platform or other exchanges.
- UNI price predictions for 2024 vary according to different sources. One source, Invesnesia, estimates that the price of UNI will reach IDR 1.2 million by the end of 2024, with the assumption that the Uniswap protocol will continue to develop and dominate the DeFi market. However, these predictions also depend on other factors such as demand, competition, regulations and market sentiment.
