It's one more record to this DEX protocol, after being the most used exchange which gathered more than 40% of the total transactions volumes on July, helping the Decentralized exchanges to secure more than $4 B in trading negotiations, the Uniswap automated maker Dex Exchange also added nearly 58,000 users in July registering a new record.
Uniswap is the leading decentralized Exchange in volume transactions, it's a protocol that offer the best user's option in trading in a secure environment and customers don't need to transfer assets to the exchange trading directly from their wallets, neither in web3 wallets or mobile who support dapps such as Trust wallet, Coinbase, myetherwallet, metamask and many others compatible.
The new userbase reached by Uniswap, just strengthen their position on DEX exchange protocols, and accordingly with the block crypto in July the protocol added 57,976 new users doubling the number of June, 24,963, registering a solid growth of more than 132%. The Exchange have added in August so far nearly 27,253 new traders that prove the taste of investors using DEX platforms.
This growth in Uniswap userbase isn't new but since the launch of the version 2 and DeFi Boom, the search and use for this service have been increasing. This protocol offer a variety of features such as trading of ERC-20 pairs, manipulation resilience in price oracles, the famous flash swaps (with instant exchange of tokens for ETH, USDC, DAI...) among many other ones.
The protocol is planning a new version 3 of their Exchange which already granted a funding of $11 million and will be implemented in the near future, with Uniswap the exchange of important tokens such BAT and Loopring for ETH and vuce-versa have been made easier.
This protocol have flash swaps that make anyone directly from wallets trade tokens for Ethereum as long have gas money to pay the fees, all that in the comfort of the wallet, with no need to deposit to the exchange, it all done by smart contract to smart contract.
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I am happy to see so much movement around Uniswap.