Uniswap tags itself as the protocol for an automated token exchange on Ethereum. Simply put, it is a smart contract interface for trading ERC20 tokens. In addition, it is a standardized model that enables the pooling of liquidity reserves. It is powered by an open-source interface that connects traders and liquidity providers. Moreover, they pledge commitment to being free as well as a decentralized exchange for digital assets. Effectively it asserts specified roles for developers, liquidity providers, and users in the dynamic ecosystem. Ultimately, it guarantees endless liquidity for thousands of traders and tons of apps.
The interface is really simple to use, giving you a detailed overview straight away. You can set USD or ETH as the base currency in the platform. The search function helps find any of the popular tokens to trade. The trading volume for the last 24 hours is mentioned in the interface. In addition, you have the stats on the number of transactions and total liquidity. You also have a graph for the entire year. Crunching the numbers gets easier than ever. That is pretty much just the Uniswap overview you see once you log in. Additionally, there are plenty more features that add to the awesomeness of this exchange.
When you scroll down after the graph, you have all the token pairs listed. The tokens are listed as exchanges, which are recognizable by their symbols. The price of each token is specified in your base currency – USD or ETH. Following that, you have the liquidity and volume of each token in base currency. The price change in the last 24 hours is given in percentage. There are tens of pages, each displaying 10 different exchanges/tokens along with symbol, price, liquidity, trading volume and price change. By default, you can view the top 10 tokens in regard to liquidity. You can sort the tokens using other parameters, like price, symbol, volume etc.
Uniswap uses one of the most flexible of blockchains. It allows developing open tools and beta products that engages with the Uniswap protocol. Basically, the interface allows users to trade tokens add liquidity and build new pools. The Uniswap info page presents an in-depth Uniswap protocol market data at your fingertips. In addition, the experimental Unisocks project allows speculating on future pricing. There are several features which are being developed for Uniswap.
How Uniswap.info works?
Uniswap is a really simple to use instant swap decentralized exchange. You have all the liquidity and volume information right at the top. You can further explore the traded volume and completed transactions in the last 24 hours. Furthermore, you can analyze them with the help of weekly as well as yearly charts. With volume, you have the daily, weekly, and all-time charts. Select between pairs or tokens to trade with. If the liquidity is sufficient you can trade right away. Else, you need to add liquidity for the specified pair, prior to the trade. This is entirely a decentralized platform with no central authority to dictate the proceedings. Its popularity and volume is continuously on the rise that simply translates the fact that the platform is a success and the market has welcomed this solution with open arms.