You swapping ERC20 tokens eh? We are investing 1 ETH in Uniswap $UNI

Apetroduction - If you’re a real ape, you skip this shit

Uniswap is a leading crypto exchange that runs on the Ethereum blockchain. It is a completely different type of exchange that‘s fully decentralized – meaning it isn’t owned and operated by a single entity – and uses a relatively new type of trading model called an automated liquidity protocol. Since the vast majority of crypto trading takes place on centralized exchanges such as Coinbase and Binance.

These platforms are governed by a single authority (the company that operates the exchange), require users to place funds under their control and use a traditional order book system to facilitate trading.

The way Uniswap solves the liquidity problem of centralized exchanges is through an automated liquidity protocol. This works by incentivizing people trading on the exchange to become liquidity providers (LPs): Uniswap users pool their money together to create a fund that’s used to execute all trades that take place on the platform.

Each token listed has its own pool that users can contribute to, and the prices for each token are worked out using an algorithm. With this system, a buyer or seller does not have to wait for an opposite party to appear to complete a trade. Instead, they can execute any trade instantly at a known price provided there’s enough liquidity in the particular pool to facilitate it.

Ape-alysis - If you area true fucking ape, you also skip this shit

It’s just a matter of time and in my opinion inevitable that we are soon to be in a bear market due to all the uncertainties around the world.

Since November 2021, the daily and weekly traded volume on decentralized exchanges took a significant hit. Uniswap, the leading DEX, witnessed a 53% drop in weekly volumes from $26 billion to $12 billion [1]. However, other DEXs also lost trading volume. SushiSwap and Curve, the second and third largest decentralized exchanges, lost over 74% and 42%, respectively. Amongst all the DEXes in the market, currently, Uniswap dominates 78% of the weekly volumes, followed by SushiSwap and Curve at 6.3% and 4.8%, respectively.

I think we will continue to see a lower trading volume in the coming months due to the uncertainty in the world. However, its inevitable that people will look at cryptocurrencies as a protection against terror actions as Russia is doing with ther peoples accounts and EUs sanctions, freezeing the assets of the people. As we walk towards a brighter future and trading volume increases and people WILL invest more into cryptocurrencies, UNI will be one of the winners.

Only a true ape can predict the future price - If you are a fucking ape, you only care about the 5X part

We buy 2ETH of Uniswap (UNI) tokens at a price between $7-$9. The ATH was at $43 and at writing the price is down to $8.5. When the bull run hits the fan, a price above $43 is in the near future, yielding a stunning return of minimum 5X. We hold for at least 2022.

1. https://ambcrypto.com/the-evidence-in-favor-of-uniswaps-domination-of-78-5-of-dex-market/