Is UNISWAP the future of DEX?

[ice18]

https://app.uniswap.org/#/ -- I have seen lately that too many new defi projects initially launch trading on uniswap exchange even old one also launching on uniswap like Pillar project and Im thinking this could the be the future of dex, why? because of liquidity most people also earn interest from making liquidity pools in particular coins I did not seen this before in any popular dex only in uniswap with very high liquidity can and compete in large exchanges like Binance, like for this example trading in uniswap ampl/eth pair Im not endorsing this token in any way just an example its a million dollar in one trade in just a couple of seconds. What can you say?

More info: https://cryptomode.com/monthly-dex-trading-volume-surpasses-4bn-in-july-new-record-in-august/

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[anu1908]

yeah their liquidity pool model is good, and will probably get copied here and there. i can see them take over the top dapp in eth for a few years at least. would be better if they support atomic swap too, so it won't be limited to eth tokens.

[bgaf]

For now this is the fastest and highest volume dex Ive ever since used. I am using this platform now and avoid using dex exchange type. What I like about this platform is the easy access to another wallet and can buy and sell crypto without much hassle. No need to bid for sell and buy. If you are rushing to buy a token then its the platform for you cause the tokens can be bought as fast you execute your order.

[Bitstar_coin]

You are right about uniswap, it seem to be a very popular dex especially among Defi and some none Defi project, although I haven't had the opportunity to use it myself so I can't give verdict to the user experience but in the Telegram group of some of the project I follow they are already on uniswap e.g PayAccet already on uniswap,
I think this will be a great dex in near future, it is already gaining popularity very fast and many new projects will start to use them.

[elda34b]

What I like about this platform is the easy access to another wallet and can buy and sell crypto without much hassle. No need to bid for sell and buy. If you are rushing to buy a token then its the platform for you cause the tokens can be bought as fast you execute your order.

AFAIK most ETH dexes other than IDEX or Forkdelta do the same thing, especially those marketed as an instant swap platform. It's not that groundbreaking, and as others mentioned, the liquidity pool is where the game play on. Unlike the usual "hold our token to get profit share", you can just use your existing tokens to provide liquidity pool, which decrease the risk of dex-specific token price decrease.

[ice18]

You are right about uniswap, it seem to be a very popular dex especially among Defi and some none Defi project, although I haven't had the opportunity to use it myself so I can't give verdict to the user experience but in the Telegram group of some of the project I follow they are already on uniswap e.g PayAccet already on uniswap,
I think this will be a great dex in near future, it is already gaining popularity very fast and many new projects will start to use them.

Yeah the only problem I can see is the transaction fees on eth network are sometimes  too high like 2-3 usd on gas this is quite high compare to cex and I hope the implementation of eth 2.0 will totally ease this problem.

[joshua123]

Yeah the only problem I can see is the transaction fees on eth network are sometimes  too high like 2-3 usd on gas this is quite high compare to cex and I hope the implementation of eth 2.0 will totally ease this problem.

I agree with this. Sometime the transaction fee charges even at $5 and that is not acceptable. Too much fund to spare on doing some trades, but aside from this everything is very smooth. I always used idex and forkdelta, but once the uniswap becomes popular, I curious what it is, then tried it out and Im very satisfied on how it works. Now many platform are copying their style and probably uniswap could be a top dex surpassimg top projects.

[anu1908]

Yeah the only problem I can see is the transaction fees on eth network are sometimes  too high like 2-3 usd on gas this is quite high compare to cex and I hope the implementation of eth 2.0 will totally ease this problem.

no mate, cex does not really make your gas fee cheaper. centralized exchanges usually send out with the lowest possible fee, and then deduce a fixed $1/$2 equivalent fee per withdrawal. this will obviously slow down your funds movement when the network is full with tx. which is why most people use xlm or xrp to withdraw money, as the fee is really low and is almost guaranteed to be confirmed within seconds.

[mexite]

To an extent, I will give it to Uniswap for powering user adoption of decentralized exchange with its innovative use of liquidity pools rather than order books. However, it has become a den of quick money grabbers, fake tokens and many more. Not to mention the high gas consumed to transact on the platform. New DeFi solutions are emerging that will redefine the future of decentralized exchange, and one of such is Injective Protocol.

[Leo]

The rate at which uniswap is growing is mind blowing, they have an insane huge volume, but I think that they have to make it possible for one to place either a buy or sell order in the exchange, this is one feature forkdelta is using to lead them

[marilynmanson21]

Yes Uniswap has become exceptional and popular lately, especially for DeFi project, not only for new project but old project also become an outstanding one. Their liquidity pool mechanism are just bring something brand new that has been the keys of become so popular. Uniswap has been way more better if compared to Forkdelta and IDEX.

[_IRMAN]

Uniswap has been way more better if compared to Forkdelta and IDEX.

When compared to IDEX and Forkdelta, of course Uniswap is the best because in terms of smoothness, Uniswap is very easy to access unlike IDEX and Forkdelta which often lag

[Anonylz]

Uniswap has been way more better if compared to Forkdelta and IDEX.

When compared to IDEX and Forkdelta, of course Uniswap is the best because in terms of smoothness, Uniswap is very easy to access unlike IDEX and Forkdelta which often lag

Those two none user friendly dex made lots of people including never want to use a dex, but am glad their days of being the most use dex are behind us and now we have more user friendly and easy to use dex, uniswap is one of them and I believe it will gain more popularity as crypto progress, most new project are listing on uniswap, o think even newbies are able to use it smoothly which is good.

[AthenaBanana]

I have used this exchange it's so easy to use (user friendly) and it makes the job done without any lag I guess the concept of this exchange make a differents in other exchanges

[anu1908]

most new project are listing on uniswap, o think even newbies are able to use it smoothly which is good.

this is only true if those projects use the ETH network. i guess there are two scenario in the future. either projects use multiple chains tokens where they release ETH tokens for the sake of liquidity, or uniswap start supporting cross-chain swaps from any chain. both options has its pros and cons, but atomic swap is probably not going to happen very soon.

[TGD]

It's more appropriate to say that Uniswap is the start of Future DEX. Only there liquidity model is the main reason why they are become famous but there already many DEX with same feature and already implemented additional feature like 1inch exchange which you can buy tokens in the lowest possible price offer in all exchange by just using there exchange. This very convenient because you don't need to create accounts on various exchange just to buy token that not listed on the exchange that you are currently using. This is just like a one-stop-shop for all exchange. it's good to give credits to Uniswap for creating liquidity pool model but 1 inch is better than them in termso f exchange feature alone.

[carlfebz2]

It's more appropriate to say that Uniswap is the start of Future DEX. Only there liquidity model is the main reason why they are become famous but there already many DEX with same feature and already implemented additional feature like 1inch exchange which you can buy tokens in the lowest possible price offer in all exchange by just using there exchange. This very convenient because you don't need to create accounts on various exchange just to buy token that not listed on the exchange that you are currently using. This is just like a one-stop-shop for all exchange. it's good to give credits to Uniswap for creating liquidity pool model but 1 inch is better than them in termso f exchange feature alone.

Im pretty aware with that feature and you are definitely right on this one and i cant really see some revolutionary stuff in UNISWAP but rather this had just been hyped up.

This is why its currently making out some buzz but not totally that interesting and its no surprise that there are really such claims that would just pop out that this would be the future of DEX blah blah blah
but to think up that this isnt something that can really make you think to be on that way.

But lets see on how they do perform out in upcoming months or years to come.

[ololajulo]

The volume on Uniswap is massive even with the single chain, this shows how DEX is still acceptable and attractive. IDEX would have been a competitor if not the removal of anonymity, I just hope the exchange could theirs as well. I also think the exchange should be aware of security, the single hack on Etherdelta is responsible for decline state of the exchange till today. DEFI is enjoying the high volume trade as project mostly built on ethereum blockchain

[ice18]

The volume on Uniswap is massive even with the single chain, this shows how DEX is still acceptable and attractive. IDEX would have been a competitor if not the removal of anonymity, I just hope the exchange could theirs as well. I also think the exchange should be aware of security, the single hack on Etherdelta is responsible for decline state of the exchange till today. DEFI is enjoying the high volume trade as project mostly built on ethereum blockchain

Yeah and you know the best thing in Uniswap is you cannot fake volume in here like most exchanges are doing using a lot of bots to make volume huge but the fact is its totally fake this dex can actually surpass Binance volume look at ampl token Kucoin has nothing compared to Uniswap.  

[elda34b]

Their volume will take a bit hit if Ethereum congestion keep going on. Just approval requires you to spend $2 when the swap itself cost $4. Sometimes it cost you $15 just to trade there. Hopefully ETH 2.0 will reduce the fees by a huge margin so you don't have to spend nearly $20 for a simple swap.

[lobo13hf]

The volume on Uniswap is massive even with the single chain, this shows how DEX is still acceptable and attractive. IDEX would have been a competitor if not the removal of anonymity, I just hope the exchange could theirs as well. I also think the exchange should be aware of security, the single hack on Etherdelta is responsible for decline state of the exchange till today. DEFI is enjoying the high volume trade as project mostly built on ethereum blockchain

Yeah and you know the best thing in Uniswap is you cannot fake volume in here like most exchanges are doing using a lot of bots to make volume huge but the fact is its totally fake this dex can actually surpass Binance volume look at ampl token Kucoin has nothing compared to Uniswap.  

Uniswap is a new evolution from the old dex that has already gone (ED and FD) but this swap service has already bought something new us.
This swap service totally pegged with the blockchain and it can't be manipulated but the only problem is this swap service is not doing any verification for the token listing.

[ice18]

The volume on Uniswap is massive even with the single chain, this shows how DEX is still acceptable and attractive. IDEX would have been a competitor if not the removal of anonymity, I just hope the exchange could theirs as well. I also think the exchange should be aware of security, the single hack on Etherdelta is responsible for decline state of the exchange till today. DEFI is enjoying the high volume trade as project mostly built on ethereum blockchain

Yeah and you know the best thing in Uniswap is you cannot fake volume in here like most exchanges are doing using a lot of bots to make volume huge but the fact is its totally fake this dex can actually surpass Binance volume look at ampl token Kucoin has nothing compared to Uniswap. 

Uniswap is a new evolution from the old dex that has already gone (ED and FD) but this swap service has already bought something new us.
This swap service totally pegged with the blockchain and it can't be manipulated but the only problem is this swap service is not doing any verification for the token listing.

Agree you have to DYOR first before entering a new token for now the only problem I can see in uniswap is the transaction fees in eth network the only solution is eth 2.0 once live many CEX exchanges will out of the business lol expect a massive shifting from CEX to DEX in the next few years, why I said so? Because of liquidity problems in most CEX even Binance has this problem in some old coins that lead to delisting which is really unfortunate.

[minairia3]

This swap service totally pegged with the blockchain and it can't be manipulated but the only problem is this swap service is not doing any verification for the token listing.

Thats how dex works. But I agree uniswap should at least have some verification or screening method of projects being listed cause running away by the fake projects are so easy with no ties up. They can even remove liquidity if they want. Im sort of a trader who loves a trading chart and stop loss functions. But when I experienced uniswap its good and very easy to use. Im trying it to buy sometime using trustwallet app dApp and very convenient for me.

[shoreno]

This swap service totally pegged with the blockchain and it can't be manipulated but the only problem is this swap service is not doing any verification for the token listing.

Thats how dex works. But I agree uniswap should at least have some verification or screening method of projects being listed cause running away by the fake projects are so easy with no ties up.

you already said it or should i say it again ?  this is how decentralize roll  .

 thats one of their disadvantage which got people turned off . cant you guys see that most weak projects are often get listed on dex'es  .  uniswap is popular and this exchange can really be the future of dex'es if it keeps its momentum  but its also early , as the trend for decentralization is only starting and for sure there are going to be new dex realeses soon .

[ice18]

Congrats to all traders who are using uniswap before September 1 and has trade history on v1/v2 you can now claim your free 400 UNI tokens approximately more or less 1000 usd wow..got mine haha. 

[Aqcizromencez]

I never trade on Uniswap but now it seems more popular and I tried in the last few days, I think it is easier to use than forkdelta or idex, now uniswap users get free uni tokens, and uniswap will become even more popular.

[ice18]

I never trade on Uniswap but now it seems more popular and I tried in the last few days, I think it is easier to use than forkdelta or idex, now uniswap users get free uni tokens, and uniswap will become even more popular.

Yes you can see compare to other dex or even cex uniswap has really huge liquidity meaning you can exchange your token in an instant even in large volume even in million dollar like the example in OP.

[Oilacris]

Congrats to all traders who are using uniswap before September 1 and has trade history on v1/v2 you can now claim your free 400 UNI tokens approximately more or less 1000 usd wow..got mine haha. 

Lucky for those people who do make trades on uniswap before September 1.I had missed out this opportunity yet we know that fees into those days wayback are horrible thats why i havent consider
on touching this one that time.Well its too late to regret and good for those who trust up on using them into those early days.

I didnt expect for them to be this big and getting much attention due to this airdropped thing.To think on who the hell would give you out $1400?

I never trade on Uniswap but now it seems more popular and I tried in the last few days, I think it is easier to use than forkdelta or idex, now uniswap users get free uni tokens, and uniswap will become even more popular.

Its just easy but the fees do really put me away but we know that it cant really took the blame considering on the current network condition which is congested.
For uniswap possible consideration or popularity then i can say that this one would really have the chance.

[Teraboy]

I never trade on Uniswap but now it seems more popular and I tried in the last few days, I think it is easier to use than forkdelta or idex, now uniswap users get free uni tokens, and uniswap will become even more popular.

UNI tokens have already listed in almost all of the major exchange sites ad that shows us about how popular the uniswap right now. There are bunch of the swap services but the only uniswap that can atract billion volume to go back to the dex called uniswap service again.
that needs a few steps to trade on the uniswap but the problem is you can't see the detail of the market on the uniswap.

I know that there's an information site for uniswap too but it's not so complete as cex.

[southerngentuk]

I would like to say yes , but with this ethereum gas fee and this delay in transaction, no , unless they make a newer blockchain, faster with lower fee , It's been a while I haven't used uniswap though since the gas fee is too much and it doesn't really worth it!

[Renampun]

I would like to say yes , but with this ethereum gas fee and this delay in transaction, no , unless they make a newer blockchain, faster with lower fee , It's been a while I haven't used uniswap though since the gas fee is too much and it doesn't really worth it!

agree with you, with the current high fees it looks like it would be better to use another blockchain...
in terms of cost and speed, trc-20 is better than erc-20. fee is an obstacle for all traders.

[Bitstar_coin]

What makes people happy is doing a transaction with a considerable less fees, lately eth has made it impossible to experience less fees, i think many people won't find uniswap as great as many would want it to be because of the high fees, the reason why many people miss out on their airdrop, honestly,  I can't imagine paying such high fees to do any transaction, it is not fair, blockchain and crypto is suppose to be cheaper than traditional transaction but eth has manage to change that.

[Shallow]

When a project offers unique features it will attract a whole lot of users, this is just the truth behind most of these projects be it an exchange or others. Uniswap in this case, offers liquidity pool which I do not think has been done by other Dex. And with its Liquidity which looks good most Defi projects now list there because it offers what they want. Yes I will agree with you, Uniswap have taken over from other Dex and gradually it will challenge most centralized exchanges, it is just a matter of time. Nevertheless, the issue of Ethereum network fee being high is another turnoff for some people which needs to be looked into; but from all indications Ethereum is still the best blockchain which makes Uniswap still sticking with it.

[dunfida]

When a project offers unique features it will attract a whole lot of users, this is just the truth behind most of these projects be it an exchange or others. Uniswap in this case, offers liquidity pool which I do not think has been done by other Dex. And with its Liquidity which looks good most Defi projects now list there because it offers what they want. Yes I will agree with you, Uniswap have taken over from other Dex and gradually it will challenge most centralized exchanges, it is just a matter of time. Nevertheless, the issue of Ethereum network fee being high is another turnoff for some people which needs to be looked into; but from all indications Ethereum is still the best blockchain which makes Uniswap still sticking with it.

I agree on this one and that what makes them unique which did really spark out people here on crypto had some interest on it.Some might say that it isnt something new but basing off on features then you can really say that its quite relevant and useful.When we do talk about future then theres no assurance for it to replace
the old but it does really have the chance to become the new trend or system at the moment when it comes to DEX.So far its been doing pretty well
as day goes by and it do gain up trust compared to those projects that arent really making or offering something new.

[X-ray]

unless they make a newer blockchain, faster with lower fee , It's been a while I haven't used uniswap though since the gas fee is too much and it doesn't really worth it!

The popularity that has already achieved by UNISWAP has come from the ethereum. That's why UNI will never leave from ethereum's ecosystem but i think that if UNI will be supported the more chains to be added on its ecosystem as we know that if there are so many new blockchains right now.

Just try to bring more chains to the UNI will be enough to give more alternative for people to use another chain when ether chain was getting clogged.

[ichi]

I concur with this. In some cases, the exchange expense charges even at $5, and that is not worthy. A lot of reserves to save on doing a few exchanges, yet besides this everything is smooth. I generally utilized idex and forkdelta, yet once the uniswap gets well known, I inquisitive what it is, at that point gave it a shot and I'm happy with how it functions. Presently numerous stages are replicating their style and presumably, uniswap could be a top dex outperforming top tasks.

[Enzo05]

I believe there is more dex that is making a fork of uniswap but adding more useful tools. no wonder it is one of the most popular Dex but for transaction cost right now it's too high and traders are going for pancakeswap that is based in BSC blockchain the cost of the transaction of the swap is cheaper I believe more project is migrating to BSC due to the cheap gas price

[Daltonik]

Members of the Uniswap community supported the launch of the third version of the decentralized exchange on the Ethereum network-the second level solution Arbitrum,, the owners of 41.35 million UNI were in favor of approval.

[jocker-poker1]

Regardless of all the promises that would come through halvening of ethereum, Gas prices, transaction speed continues to trail and discourage mass usage of ethereum network and DEXs.

[dark1234]

Swap trading is a very popular thing in the present which may be an alternative way of trading in the future, which may also; it will swipe some markets where the gas cost is too large, will be displaced by swap trading which of course with the support of very low fees.
Or will this be temporary fame due to the intense competition

[Gunday_07]

Eth high gas fee is affecting uniswap, why is no one talking about this already? This is why pancake swap and others that relies on BSC are presently better, I hope ETH gas fee will be fixed by July maybe we will be better difference between BSC and ETH finally