According to The Block Research statistics, Uniswap added 57,976 new users in July, an increase of 132% from the previous month. At the same time, Uniswap's liquidity transaction volume reached a new high. As of August 11, Uniswap V1 and V2 total liquidity exceeded 2 billion The US dollar accounts for half of the total liquidity of DEX. In the past month, Uniswap website traffic has increased by 15 times and transaction volume has increased by 7 times. According to this development speed, Uniswap's transaction volume will soon exceed 10 billion, which may push Ethereum to 1,000 US dollars. .
Uniswap is a decentralized trading protocol developed based on Ethereum. It uses established algorithms to replace manual quotations, which not only removes centralized matching and clearing, but also eliminates market makers in transactions. The biggest feature is that users can directly exchange tokens in the exchange pool, and the income depends on the amount of funds entering the exchange pool.
In 2017, V God, the founder of Ethereum, published a post "Let's run on-chain decentralized exchanges the way we run prediction markets" on reddit, which mentioned a new DEX mechanism concept. After reading this post At the time of unemployment, Hayden Adams decided to follow this line of thought to create an Automated Market Maker under the suggestion of a friend. By the end of 2017, the initial proof of concept, smart contract code, and website design were completed. This is the birth process of Uniswap.
From the launch in 2018 to 2019, Hayden Adams gave all the transaction fees on Uniswap to users. Although this move strengthened the stickiness of users, it limited the development of Uniswap. It wasn't until Uniswap v1 went online in early 2019 that the ETH Foundation won the VC bonus. In April, DEX detonated the market, and Uniswap began to receive high attention from players. Coupled with the great news of the launch of Uniswapv2, the transaction volume once exceeded 100 million US dollars, becoming the leader in DEX.
In June of this year, the total trading volume of DEX exceeded the US$1 billion mark for the first time, and reached US$4.5 billion in July. Uniswap's trading volume reached US$250 million on August 11, which is the third of Coinbase's trading volume. Two-thirds, more than the sum of the transaction volume of the two trading platforms Gemini and Polo.
On August 11, the total transaction fees on Uniswap exceeded the sum of Bitcoin's miner fees. According to The Block Research data, the income of Ethereum miners in July was 143.8 million U.S. dollars, a 23-month high, among which transaction fees It accounts for 23% of the income of Ethereum miners that month, which means that a large part of the income of Ethereum miners comes from Uniswap.
Lucion, the chief analyst of BitOffer Exchange, believes that according to the development speed of Uniswap, the transaction volume will exceed 10 billion US dollars in a short period of time. This will not only increase the income of Ethereum miners, but also attract more investment for Ethereum Institutions and players may push Ethereum to rise to $1,000, so now is the best time to invest in Ethereum.
However, Lucion believes that buying Ethereum spot is not as good as buying the Ethereum ETF fund (ETH3X) launched by BitOffer, starting with a minimum return of 3 times, and also adding an intelligent dynamic position adjustment mechanism and fund compound interest calculation, with a return of up to 17 times. Since the rise of Ethereum on July 19, the Ethereum ETF (ETH3X) has risen from US$6 to US$28, an increase of nearly 500%. With the support of DEX, DeFi and version 2.0, if Ethereum rises to $1,000 in the next few months, an increase of more than 2.5 times, the increase of the Ethereum ETF fund (ETH3X) will be as high as 42 times.
At this time, if you spend 10,000 US dollars to buy the Ethereum spot, then the Ethereum skyrocketed 2.5 times, and you can earn 2.5 times at most, and the 10,000 US dollars will become 25,000 US dollars. But buying an Ethereum ETF fund (ETF3X) is different. If Ethereum really skyrocketed by 2.5 times, you can earn up to 42 times the income. The 10,000 USD instantly becomes 420,000 USD, and the income is 17 times that of the spot purchase. There is a total difference of nearly 400,000 U.S. dollars. Obviously, buying Ethereum ETF (ETH3X) is the best investment choice.