July 24, 2021

Here are 6 DEX tokens that have seen exponential growth in 2021

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DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects. 

While there have been previous iterations of DEX user interfaces, such as IDEX or Etherdelta, it wasn’t until Uniswap launched that trading in the DeFi network really took off and facilitated the launch of the finance tokens.

Here are six of the top-performing tokens in the decentralized finance sector.

UNI/USDT

Uniswap has risen from the humble beginnings of a simple user interface that allowed for a token swap between two ERC-20 tokens, to a rapidly evolving DeFi centerpiece that now sees an average daily trading volume of $1 billion and $3.95 billion worth of liquidity locked on the protocol.

Uniswap liquidity and 24-hour volume. Source: Uniswap

Originally the Uniswap platform operated without a native token and fees that were collected went into a liquidity reserve, but the project performed a surprise airdrop to platform users andTitle: Here are 6 DEX tokens that have seen exponential growth in 2021
Sourced From: cointelegraph.com/news/here-are-6-dex-tokens-that-have-seen-exponential-growth-in-2021
Published Date: Sat, 27 Feb 2021 18:19:19 +0000