Uniswap Launches On Polkadot Via Moonbeam

Twitter icon  •  Published hace 10 meses  •  Hassan Maishera

The Polkadot team announced via Twitter on Friday that the decentralized exchange Uniswap has launched on the Polkadot blockchain via Moonbeam.

The Polkadot team announced via Twitter on Friday that the decentralized exchange Uniswap has launched on the Polkadot blockchain via Moonbeam. Uniswap provides users with a trustless, permissionless, and non-custodial way to access tokens. Its arrival in the Polkadot ecosystem adds visibility and momentum towards the development of a new world of decentralized financial products and services on Polkadot.

Moonbeam is a layer-1 Polkadot parachain that provides full EVM compatibility, native interoperability, and prioritizes secure cross-chain integration solutions.

Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network. DOT, the native token of Polkadot, is down by 1% so far today and is trading at $5.30 at press time. 

Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $5.102, down by more than 3% in the last 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.