Uniswap Makes New Features To Make It Easier For Users, UNI Prices Rise Sharply

UNI tokens are utility tokens in the Uniswap ecosystem. (Photo; Doc. Becoinar)

JAKARTA - Uniswap, one of the most popular decentralized exchange platforms (DEX) in the crypto world, continues to innovate to provide the best experience for its users. Uniswap Labs, the development team behind this project, recently announced several new features aimed at improving efficiency, security, and information in transactions at DEX.

New features launched by Uniswap Labs include extensions of Uniswap browsers, more detailed limit orders, and token and pool pages. Uniswap browser extensions are a tool that allows users to access their crypto wallets directly from the browser, without the need to open the Uniswap web app. Thus, users can make exchanges, sign transactions, and manage their crypto assets more easily and quickly.

For additional information, the book limit is a feature that allows users to set the desired purchase or sale price for a token, and transactions will be executed automatically when market prices reach a specified price. This feature is useful for users who want to carry out a more precise trading strategy, without the need to continue to monitor price movements.

Token and pool pages are a feature that provides more complete and in-depth information about tokens and pools in Uniswap. Users can view price, volume, and liquidity graphs, transaction history, and pool data in real-time. This feature is useful for users who want to gain more informed insight into the tokens and pools they are interested in.

These feature updates show Uniswap Labs' commitment to continuously improve the quality of their services, while maintaining their position as one of the leaders in the dex industry. Uniswap is the world's largest dex platform, with daily trading volumes reaching more than $1 billion and total locked value (TVL) reaching more than 6 billion US dollars (Rp93.6 trillion).

These features also have a positive impact on the price of UNI Uniswap governance tokens, which is one of the largest defi tokens in the market. In the past month, the UNI price has increased by 83.1% against the US dollar, from 5.98 US dollars (Rp93,000) on 27 January 2024 to 10.96 US dollars (Rp171,000) on 27 February 2024. However, the UNI price is still far from its highest record at 3 May 2021, which is 44.92 US dollars (Rp700,000.) per token.

UNI is a token used to manage and manage the Uniswap platform, as well as grant voting rights to its holders. UNI is also one of the most widely exchanged tokens in Uniswap, with daily volumes reaching more than 200 million US dollars (Rp 3.1 trillion). UNI has a maximum supply of 1 billion tokens, and currently around 611 million tokens are circulating.