Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,070 trillion. Bitcoin is down by nearly 2% after intense seesawing this week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector decreased the total value of protocols (TVL)…
UniSwap
What is UniSwap (UNI) and How Does it Work?
Uniswap (UNI) is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens without needing a centralized intermediary. Uniswap uses a special liquidity provision, and a trading mechanism called an "automated market maker" (AMM). Instead of using order books to match buyers and sellers, as centralized exchanges do, Uniswap uses a mathematical algorithm to set the prices of tokens based on supply and demand. When a user wants to trade a token, they provide…
Block Education
@BlockEducation
3 weeks ago 136 views