What you need to know about Uniswap?? 🤔🤔🤔
For those who are not yet aware
Uniswap was launched in 2018 and has since become one of the leaders in the Automated Market Maker (AMM) industry. The project introduced a new mechanism for trading with the help of liquidity pools, which simplifies trading and makes it more accessible to users around the world.
The protocol was updated to version 3 in May 2021. In this iteration, the protocol introduced the concept of "concentrated liquidity", which allowed liquidity providers to concentrate capital in certain price ranges and optimize earnings on fees.
What happens to the UNI token
The Uniswap project token is up 12% for the week. It can now be bought for about $7.50, which is still 83% cheaper than in May 2021, when UNI reached an all-time high of $44.92.
