Buying Uniswap (UNI), it’s easy!

Why buy Uniswap (UNI)?

UNI is Uniswap’s governance token, capable of ranking eighth among the most influential cryptos on the market just a year after its launch in March 2020. It was the keystone with which Uniswap managed to foil Sushiswap’s Vampire Attack and retake the scene like a true champion. Could this strength of his be a good reason to buy Uniswap (UNI)?

What it is and how it came about

Before understanding whether to buy UNI, let’s look at its story. Uniswap was created in 2018 by Hayden Adams, a former Siemens programmer. An advocate of blockchain systems, he devised the project to allow everyone to exchange cryptocurrencies without going through centralised systems. His work has focused on implementing and improving so-called DEXs, decentralised exchanges.

And indeed, Uniswap is precisely the largest decentralised exchange in the crypto world. A DEX is a platform that allows cryptocurrencies to be exchanged without the direct supervision of a company, which usually owns the exchange itself. The functioning of a DEX depends solely on smart contracts and algorithms. Uniswap has been so successful that in October 2020 it exceeded Coinbase’s trading volume. It has popularised many DeFi tokens, enabling their rapid growth.