Uniswap versus GMX token? Two DEX contenders, but which one is better?

2022-12-23 12:45

Uniswap and GMX are DEX cryptocurrencies

DEX tokens were boosted by the FTX collapse

UNI could be preferable in the long term

Decentralised exchanges, or simply DEX, were the talk of the town after the collapse of FTX. As investors’ concerns grew, centralised exchanges such as Binance saw increased fund outflows, benefiting DEX platforms. Uniswap and GMX were among those to benefit from the investor exodus, boosting the native tokens. But which of the two tokens should you scoop?

Uniswap

Uniswap is the largest DEX and is based on the Ethereum network. The blockchain is fully decentralised, implying that no single entity owns or operates it. Being decentralised also means that users have control over their funds. This is opposed to centralised exchanges where users have to share their private keys. Uniswap uses an automated liquidity protocol trading model.

The Uniswap platform is also open source – developers can copy the code to build their own decentralised exchanges. Users can also list tokens on Uniswap for free. The platform is compatible with the ERC20 tokens. 

The price of the Uniswap token is $5.31, compared to an all-time high of $45. Any dip buyer investor would find it attractive. However, UNI is largely bearish despite the recent recoveries.

Where to buy UNI

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy UNI with eToro today Disclaimer

Bitpanda

Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

Buy UNI with Bitpanda today

GMX

GMX is another DEX token that has been popular recently after getting listed on Binance. The platform has also been attracting investors exiting from centralised exchanges. So what is GMX?

GMX is a decentralised exchange that supports spot swaps and perpetual futures. The platform first launched via the Arbitrum One network when it went live in September 2021. Users enjoy up to 50 times leverage on the exchange. Unlike the centralised exchanges, users keep custody of their assets through a crypto wallet.

The DEX is known for zero-price impact trades and low swap charges. Analysts have lauded the platform for giving investors unmatched trading fees of up to 30%.

GMX trades at $46 in a market correction after tapping $60 in a bullish market. The latest high was near GMX’s ATH of $66.

Where to buy GMX

Final verdict

Uniswap is a more established network. UNI suits investors looking for a token of a platform that has outlived several crypto seasons. Dip buyers may also consider UNI a more suitable token as the price is deeply low. On the other hand, GMX ranks ahead in investor earnings through trading fees. The token could be a better option for short-term investors but not dip buyers.

The post Uniswap versus GMX token? Two DEX contenders, but which one is better? appeared first on CoinJournal.

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dex uniswap gmx ftx collapse preferable long

dex uniswap → Результатов: 126


Messari: Всего три DeFi-проекта захватили 90% рынка DEX

На работающие по модели автоматизированного маркетмейкера (AMM) проекты Uniswap, Curve и Balancer приходится более 90% рынка децентрализованных бирж, поделились наблюдениями аналитики Messari. AMMs like Uniswap, Curve, and Balancer currently account for over 90% of total DEX volume.

2020-9-15 11:37


Фото:

Messari: DeFi-проекты Uniswap, Curve и Balancer захватили 90% рынка DEX

На работающие по модели автоматизированного маркетмейкера (AMM) проекты Uniswap, Curve и Balancer приходится более 90% рынка децентрализованных бирж, поделились наблюдениями аналитики Messari.

2020-9-15 10:09


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2020-9-7 16:19


Popular DEX Uniswap Beats Coinbase for the Second Time in a Row, Overthrows Other Top CEXs

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2020-8-31 18:03


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Uniswap Becomes First DEX to Beat Coinbase Pro and Kraken in Daily Trading Volume

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2020-8-31 15:58


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Ethereum-Based DEX Uniswap Generates Half of Bitcoin’s Total Transaction Fees

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2020-8-19 17:07


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Uniswap Surpasses July Trading Volume in Under Two Weeks in August While ETH Fees Soars

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2020-8-14 21:07


Uniswap Listed NUGS and NEXE Token Projects Exit Scammed Soon After Listing

Two token projects, namely Nugs.space (NUGS) and Nexeum Protocol (NEXE), which were recently listed on popular DEX platform Uniswap, seem to have exit scammed soon after their listings. After the news broke out about a possible exit scam, NUGS token project in their official Telegram group, claimed that their smart contract system encountered a bug […]

2020-8-13 21:07


Uniswap укрепила лидерство среди децентрализованных бирж

На биржу Uniswap приходится 37,20% недельных объемов торгов некастодиальных бирж (DEX), указывают последние данные Dune Analytics. По информации The Block, площадка выступает лидером и по числу получивших листинг криптоактивов (2810), тогда как у ближайшего преследователя, IDEX, их только 1184.

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Uniswap Liquidity Grows Following Additional Token Listings

Uniswap, a leading decentralized exchange (DEX), has seen tremendous growth in the last week, having cleared all-time highs in terms of platform liquidity and ETH locked in reserves.  DeFi Needs Liquid DEXes to Thrive Achieving widespread adoption of DeFi requires users to be able to access the entire financial stack in a permissionless and decentralized […] The post Uniswap Liquidity Grows Following Additional Token Listings appeared first on Crypto Briefing.

2020-1-26 11:36


Объем торгов на некастодиальных Ethereum-биржах вырос на 50% за неделю

По данным Dune Analytics, объем торгов на некастодиальных биржах (DEX) за неделю увеличился на 50%. Оборот на DEX за последние сутки составил $6,85 млн, а за семь дней — $52 млн. Стремительно набирает популярность торговая площадка Uniswap, которая уже существенно опережает по объему торгов некогда лидирующую Kyber.

2020-1-22 19:12