Is UniSwap the most powerful in the Defi market?

[Gvent]

yes for now Uniswap is the most popular DEX exchange for Defi, because many projects using Ethreum launched Defi,
this indicates that DEX can also become hype like Defi, just a matter of time,
but what I really regret is the very high trading fees at Uniswap.

these trading fees are not set by the exchange itself
fees depend on the cost of gas on the Ethereum network
in addition, some coins use complex smart contracts
 due to which the final transaction fee can be very high

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[fortebettor]

these trading fees are not set by the exchange itself

Why are they so different? Sometimes it is 1.5$ and sometimes it is 8?  Why is ethereum network not handling the payment channels and the load in 2020?

[Gvent]

these trading fees are not set by the exchange itself

Why are they so different? Sometimes it is 1.5$ and sometimes it is 8?  Why is ethereum network not handling the payment channels and the load in 2020?

fees depend primarily on the congestion of the network
 the more transactions are sent at the moment
 the more expensive the price of gas
the price also depends on smart contracts
 if they are used (for example, you connect your wallet to the exchange or stake any tokens)

[Rohtox]

UniSwap is still the biggest DeFi market until now, I see many projects using Ethereum launched Defi everyday. Even so, I prefer to use BSCswap or PancakeSwap which use Binance Smart Chain as their blockchain, they have a lower cost.

[fortebettor]

these trading fees are not set by the exchange itself

Why are they so different? Sometimes it is 1.5$ and sometimes it is 8?  Why is ethereum network not handling the payment channels and the load in 2020?

fees depend primarily on the congestion of the network
 the more transactions are sent at the moment
 the more expensive the price of gas
the price also depends on smart contracts
 if they are used (for example, you connect your wallet to the exchange or stake any tokens)

Then why should I use it if it is always more expensive?

[olabiyijummy02]

Uniswap as of late turned into the biggest DeFi convention regarding all out worth bolted (TVL), taking up $1.4 billion in digital forms of money. The UNI token likewise turned into the main 45 positioned crypto by market cap, as indicated by CoinGecko. The UNI token has additionally been positioned in the best 10 DeFi tokens.

[asrafkhairulazzam22]

Yes.
In my opinion Uniswap is currently the strongest in the DeFi market, because Uniswap provides automatic liquidity provision. Thus, they no longer depend on the mechanism of buyers and sellers that usually have to be in place to create liquidity itself. And uniswap also has advantages that include aspects that can directly access liquidity. Uniswap is also considered a low-cost trade which is also decentralized.

[Gvent]

Then why should I use it if it is always more expensive?

nobody forces you to use Uniswap
if you do not understand why this exchange is needed and what is the benefit from it
 then it is definitely not for you

[abdulodoi]

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Then why should I use it if it is always more expensive?
[/quote]

It is not always more expensive actually, i have used uniswap for few years now and you can always edit the transaction fee and the limit to reduce the overall fee charged. I actually prefer this as you receive your traded coin directly to your wallet without having to withdraw separately.

[tyz]

I can't describe Uniswap as powerful because the exchange get to where it is today because of DeFi success, it's too early to start praising the exchange now and remember that once upon a time binance was no where to be found, it was bitfinex and others at the time and binance beat them all now, I hope uniswap will become better once DeFi hype fades away

We should not pretend that Uniswap is comparable to Bitinex and other large centralized exchanges. Uniswap is still a dwarf and its high market capitalization is pure belief that it can become something big like Binance. I stick to my opinion that as long as Uniswap only supports the ETH chain it will never become really big because the fees are just too expensive for Ethereum transaction.

[Gvent]

I can't describe Uniswap as powerful because the exchange get to where it is today because of DeFi success, it's too early to start praising the exchange now and remember that once upon a time binance was no where to be found, it was bitfinex and others at the time and binance beat them all now, I hope uniswap will become better once DeFi hype fades away

We should not pretend that Uniswap is comparable to Bitinex and other large centralized exchanges. Uniswap is still a dwarf and its high market capitalization is pure belief that it can become something big like Binance. I stick to my opinion that as long as Uniswap only supports the ETH chain it will never become really big because the fees are just too expensive for Ethereum transaction.

now fees on the Ethereum network have dropped significantly
in addition, Ethereum 2.0 is waiting for us soon
 which will have even lower commissions on the network
Uniswap does not require KYC and this is the only reason why it is better than other exchanges
in addition, new coins do not pay anything for listing on this exchange

[pyotrsozblo]

UNI has huge liquidity and the fact that it gave huge airdrop to its users made its value really competitive. I must say it's the first of its kind but when it come to being powerful, i think chainlink still takes the lead. I would have mentioned bzrx but it's a shame they are not living up to my expectation currently.

They only made it worse by giving people free coins. Not everyone has panicked yet. Those who received tokens for free will start selling after a significant drop

They distributed 2 million USD UNI as an airdrop. That doesn't mean that I didn't get it, that's why I'm angry. This team could help more UNI tokens with this airdrop. As far as I know, only a few users got this huge amount of airdrop. I think 400 UNI is also a big airdrop, whatever I think UNI will remain in the top position until a new decentralize exchange.

Not top anymore. I bet the price will drop to ~ $ 2 soon. Yes, some guys got a lot. This is especially true of account farmers who actively used the exchanger from different accounts.

[Shallow]

Yes it's true Uniswap reached that huge market cap and it is also right to say hype also contributed to that effect, how?, taking into account the exchange has been around for a while now as well as playing a huge role in the crypto space, thus when the token was released hype contributed in pushing it up. But can it continue to maintain that growth or will it drop? It's left for us to find out in the near future.
About its position as a top Decentralized exchange; I would say that, there is every possiblity that it will continue to maintain that position for a while this is because, in crypto exchanges, traders values liquidity a lot and since Uniswap has that, it will most likely continue beating others, until a new or old Dex comes up with another unique feature.

[pyotrsozblo]

Yes it's true Uniswap reached that huge market cap and it is also right to say hype also contributed to that effect, how?, taking into account the exchange has been around for a while now as well as playing a huge role in the crypto space, thus when the token was released hype contributed in pushing it up. But can it continue to maintain that growth or will it drop? It's left for us to find out in the near future.
About its position as a top Decentralized exchange; I would say that, there is every possiblity that it will continue to maintain that position for a while this is because, in crypto exchanges, traders values liquidity a lot and since Uniswap has that, it will most likely continue beating others, until a new or old Dex comes up with another unique feature.

Undoubtedly, uni will remain in the first place for a long time or forever. Uni did not reach such a capitalization, immediately lists overvalued

[Gvent]

Yes it's true Uniswap reached that huge market cap and it is also right to say hype also contributed to that effect, how?, taking into account the exchange has been around for a while now as well as playing a huge role in the crypto space, thus when the token was released hype contributed in pushing it up. But can it continue to maintain that growth or will it drop? It's left for us to find out in the near future.
About its position as a top Decentralized exchange; I would say that, there is every possiblity that it will continue to maintain that position for a while this is because, in crypto exchanges, traders values liquidity a lot and since Uniswap has that, it will most likely continue beating others, until a new or old Dex comes up with another unique feature.

Uniswap gained such popularity due to the fact that its developers managed to create an exchange that has long been in demand by the market
On this exchange
 ordinary people can earn both by trading and by placing their assets in liquidity pools
I think that this is the secret of success.

[fortebettor]

What is this vote about recently? Who would it pay off to?

[xenon131]

Yes it's true Uniswap reached that huge market cap and it is also right to say hype also contributed to that effect, how?, taking into account the exchange has been around for a while now as well as playing a huge role in the crypto space, thus when the token was released hype contributed in pushing it up. But can it continue to maintain that growth or will it drop? It's left for us to find out in the near future.
About its position as a top Decentralized exchange; I would say that, there is every possiblity that it will continue to maintain that position for a while this is because, in crypto exchanges, traders values liquidity a lot and since Uniswap has that, it will most likely continue beating others, until a new or old Dex comes up with another unique feature.

Uniswap gained such popularity due to the fact that its developers managed to create an exchange that has long been in demand by the market
On this exchange
 ordinary people can earn both by trading and by placing their assets in liquidity pools
I think that this is the secret of success.

One part of their popularity is their generosity for airdrops. It seems we'll witness the second one in the coming days as holders of governance tokens voted in favor for it. As at 31 October "25,942,970 tokens have been staked in favor of the airdrop, while 1,269,062 have been staked against it".. Will UNI drop after this remains questionable. The first airdrop against all expectations stimulated its growth.

[plr]

One part of their popularity is their generosity for airdrops. It seems we'll witness the second one in the coming days as holders of governance tokens voted in favor for it. As at 31 October "25,942,970 tokens have been staked in favor of the airdrop, while 1,269,062 have been staked against it".. Will UNI drop after this remains questionable. The first airdrop against all expectations stimulated its growth.

Although the price is down I believe the momentum is still there the fact that they have crossed the $1 billion mark is a huge achievement for any project, the current price is not reflective of it's potential, so this is the best time to buy its all time high was $8 and it will surpass that one definitely the first quarter of the year.

[Gvent]

One part of their popularity is their generosity for airdrops. It seems we'll witness the second one in the coming days as holders of governance tokens voted in favor for it. As at 31 October "25,942,970 tokens have been staked in favor of the airdrop, while 1,269,062 have been staked against it".. Will UNI drop after this remains questionable. The first airdrop against all expectations stimulated its growth.

this exchange caught up with the major centralized exchanges in terms of trading volumes even before it carried out such a large-scale airdrop
of course, the airdrop attracted new users to the exchange, but it became popular much earlier

[leea-1334]

this exchange caught up with the major centralized exchanges in terms of trading volumes even before it carried out such a large-scale airdrop
of course, the airdrop attracted new users to the exchange, but it became popular much earlier

Yes,,, it was already the talk of Defi town even before that airdrop (which anyway was given to existing users so they would have needed to have a lot of users for them to drop that much and cause it to go so high in value). Do not think they can pull price up for much longer though,,, a lot of sellers already waiting at every resistance.