For a long time, the Apple App Store has been very strict in reviewing applications. Many cryptocurrency wallets cannot be officially reviewed by Apple. Therefore, most crypto players basically use Android, and even if some users use Apple’s wallet application , you may still face the problem of losing your signature. This is mainly due to Apple’s strict review mechanism for encrypted applications.
This situation seems to be gradually easing. Following the news that the Bitcoin white paper is built into Apple's notebook system, the uniswap wallet developed by uniswap recently announced that it has officially passed Apple's review and logged into the Apple ios app store, which means that users can pass The Apple Store has come to use uniswap, which also conveys an important message. Apple may start to consider being friendly to encrypted applications, and uniswap is just the beginning.
The source of DeFi market liquidity
Uniswap is a project that many crypto players are familiar with. It was born in the last bear market. It uses the simplest AMM market making strategy to obtain liquidity. It also gained market attention when DeFi Summer came. Of course, it is the most popular among everyone. What is well known is that uniswap’s airdrop strategy issues airdrop tokens to early users who participate in the project, and the way of giving back to users has been imitated and learned by the market. Later, 1inch, dydx, ENS, etc. all used similar methods to issue their own tokens. Token.
After Uniswap issued its tokens, its price briefly encountered selling pressure and then gained significantly in the bull market. Uniswap has always been a major gas consumer on the Ethereum chain. Most of the gas consumption on the chain is generated by the interaction with Uniswap. Even when the market entered a bear market, its popularity remained unabated. In terms of trading volume, Uniswap's trading volume even exceeded that of the centralized exchange Coinbase at one point, and it has become the leader of decentralized trading platforms.
In 2022, uniswap received US$165 million in financing, becoming one of the largest financings for crypto companies in 2022.
In addition to the above-mentioned halo, uniswap has launched V2 and V3 at the technical level to optimize trading scenarios and has also gained a lot of attention. At the same time, since last year, uniswap has begun to deploy on other chains. The currently supported chains are except Ethereum. In addition, it also includes polygon, optimization, arbitrum, celo and BNB Chain.
In order to introduce uniswap on BNB Chain, cz once tweeted to accuse a16z who voted against it. The voting on deploying to AVAX has just ended some time ago, which means that uniswap will be deployed to AVAX in the future. In addition, scroll has also launched uniswap on the test network, and it is estimated that scroll will also be launched later.
In addition, Uniswap has also launched application scenarios such as using fiat currency to purchase crypto assets, such as using Hong Kong dollars to purchase DAI.
Token Value Analysis
The total amount of UNI is 1 billion. Uniswap previously airdropped 400 UNI to all users of its application, accounting for 15% of the total. Currently, Uniswap's token, UNI, does not have many practical use cases. It is mainly used for community governance voting, such as voting on which chain to deploy on.
The current UNI price is 6.3u, the total market value is 6.3 billion US dollars, and the circulating market value is 3.6 billion US dollars, which has fallen 85% from the highest point. The current market value ranks 20th, higher than the circulation value of OKB of 2.8 billion. Overall, the total market value is high and the circulating market value is relatively reasonable. The high enough market value and imagination space also make UNI a standard for some top institutions.
So is uni worth allocating? Here we compare it with traditional centralized exchanges. Obviously, UNI’s advantages are not obvious, mainly due to the high valuation. Of course, this is due to technological innovation factors. On-chain transactions are A relatively big trend and demand. In this regard, centralized exchanges still have certain shortcomings. The higher the popularity of blockchain, the greater the value brought by UNI. In previous exchanges, in the bull market Most people are new users, and they prefer to use centralized trading platforms, while decentralized platforms are the only way to go later. With the emergence of problems such as the bankruptcy of FTX, the advantages of decentralized platforms such as uniswap It is also very obvious, so high valuations are also inevitable.
In addition, if we look at the medium and long term, trading is a rigid demand in the process of market advancement, which is also an inevitable factor for the existence of exchanges. At the same time, blockchain attracts the participation of a large number of investment users and the joining of venture capital institutions and project parties, which will further increase the demand for coin issuance in the future. After the demand for coin issuance, there will be trading demand, but most coins are not actually listed on mainstream trading platforms in the first place (exchanges also have review standards). Therefore, the emergence of Uniswap provides these projects with an early trading path, which is also one of the very few optional ways for projects to choose, which will also bring more opportunities for Uniswap.
Of course, the main problem of UNI at present is the single functionality of the token. Centralized exchanges have a complete set of token deflation mechanisms, such as fee destruction, etc., but UNI currently does not have such a mechanism. Therefore, the empowerment of UNI is one of the focuses of many players. It would be better if there is empowerment or further deflation mechanism.
View UNI from the perspective of encryption needs
Exchange platform currency is a very good layout direction, because the demand and benefits it brings are also quite obvious, and players do not have to worry about shorting out the bull market. The popular projects in the last bull market may not necessarily survive into the next bull market, and many of them will even disappear. Therefore, there are actually quite few categories or tokens that can be held for a long time. Many players often make profits in the bull market. The rate of return is far lower than the rate of return of most mainstream projects. Part of it is due to the losses caused by the departure of emerging projects and hacker attacks. The other part is due to the inaction of old project parties or excessive selling pressure on projects, resulting in funds choosing new projects. , which resulted in the inability to outperform the market, which created the tradition of speculating on the new but not on the old.
Platform currency can basically avoid this situation. Unless the platform goes bankrupt due to some factors, the general development of the platform will be very intuitively reflected in the platform currency, such as BNB, GT, OKB, etc., and even HT has exceeded the number in the bull market. Several times the increase, we can also regard UNI as a platform currency. The rigid demand for transactions will always exist in the bull market, which is why UNI may also show performance that is different from other projects.