Home Blockchain 3 Blockchain Projects with DEX Features

3 Blockchain Projects with DEX Features

0
3 Blockchain Projects with DEX Features

HUH Token, Shiba Inu and ApeCoin - Three Meme Coins That Are No Joke

Advertising

&nbsp&nbsp

Decentralized exchange (DEX) platforms such as HUH Network (HUH Token) are among the fundamental building blocks of the DeFi ecosystem and are becoming increasingly popular in the cryptocurrency space.

The availability of user anonymity and the speed of transaction execution make them very attractive. Additionally, several DEX platforms offer native tokens that power the activities of their ecosystems. As the need for decentralized financial solutions increases, more and more users want to diversify their holdings in the DEX space for the foreseeable future.

In this article, we will explore Solana (SOL), Uniswap (UNI), and HUH Network (HUH Token) – three blockchain projects with decentralized exchanges (DEX) functionality.

Buy HUH here

Uniswap (UNI)

Uniswap (UNI) is an Ethereum-based DEX automated liquidity platform and one of the most popular DEX protocols in the cryptocurrency market.

Advertising

&nbsp&nbsp

Launched in late 2019, UniSwap (UNI) heralded the meteoric rise of the DEX movement by allowing users to swap tokens without exchanging their personal data/details.

Additionally, Uniswap (UNI) is open-source, allowing anyone to build and operate the decentralized exchange using source code.

By function, UniSwap (UNI) allows users to swap, exchange and trade all standard ERC-20 tokens and also provides liquidity on user preferred pools.

By function, UniSwap (UNI) allows users to swap, exchange and trade all standard ERC-20 tokens and also provides liquidity on user preferred pools.

Tokens of the underlying assets are allocated to liquidity providers (LPs) as compensation. These tokens can then be traded at 1:1 when users wish to withdraw their winnings. Additionally, as long as users can contribute tokens to the liquidity pool, they are free to launch and list any ERC-20 standard token on Uniswap (UNI).

The platform is powered by UNI, the native cryptocurrencies of the Uniswap protocol, which has several utilities including governance functions on the Uniswap (UNI) ecosystem. At the time of writing, Uniswap (UNI) has a market capitalization of over $5 billion, according to Coinmarketcap, making it the 18th largest crypto in the cryptocurrency market.

Solana (SOL)

Solana (SOL) is an efficient blockchain designed with a particular focus on scalability. This scalability is achieved through Solana’s fast transactions and low fees.

Like Ethereum (ETH), Solana (SOL) supports smart contracts, which are essential for launching cutting-edge applications like non-fungible tokens (NFTs) and decentralized applications (DApps).

Solana (SOL) is not a decentralized exchange (DEX) but provides a launching pad for different DEXs, thanks to its robust developer tools and ecosystem. Some of the DEXs on Solana (SOL) include Soldex (SOLX), Raydium (RAY), Orca (ORCA), Saber (SBR), and Bonfida (FIDA).

Speed ​​and affordability set Solana DEX apart from other blockchains. Solana discovered a solution to speed up transaction verification. Solana performs at least 50,000 transactions per second, compared to Ethereum’s 15 transactions.

The technology behind the speed and affordability of Solana (SOL) is history proof. Several independent but interconnected computers must agree on transaction details to verify cryptographic transactions. On most blockchains, this verification happens one computer at a time. On Solana, however, proof of history allows all computers to agree on transaction details simultaneously. This speeds up transactions for Solana and reduces costs.

The Solana (SOL) platform is powered by its native token, SOL, which has several utilities on the ecosystem. Solana’s scalability, high speed, and low-cost features have consistently enabled the growth of its DEX ecosystem and increased SOL value.

According to Yahoo Finance, SOL has gained 9500% in 2021 and currently has a market capitalization of over $14 billion. It is ranked 9th among cryptos by market capitalization on Coinmarketcap.

HUH network (HUH token)

The HUH network (HUH token) is a new platform that developers call a social network. It consists of a blockchain, a decentralized exchange, and a wallet.

The HUH exchange (HUH Token) will be a leading exchange backed by state-of-the-art technology.

Most major exchanges are too complex to use or understand. The UI is clunky and packs too much data into one small screen. It’s fantastic for tech-savvy consumers or seasoned marketers, but it needs to be simplified for widespread acceptance.

By streamlining the user interface and making it as easy as clicking a button, the HUH (HUH Token) exchange aims to overcome this obstacle.

The HUH token will be the native token pair for most other tokens on the exchange. Trading it and using it in the exchange will give additional bonuses. The presale is coming soon and the platform is offering rewards when you purchase the HUH token using specific digital assets. Users can earn an 18% or 15% bonus when buying with Solana (SOL) or Binance Coin (BNB).

Buy HUH here

Conclusion

Decentralized exchanges play a vital role in the rise and development of the DeFi space. As DEX platforms such as Solana (SOL), Uniswap (UNI), and HUH Network (HUH) continue to evolve, we will most likely continue to see decentralized exchanges innovate and grow in the industry.


Disclaimer: This is a sponsored article, and its views do not represent those of ZyCrypto nor should they be attributed to it. Readers should conduct independent research before taking any action related to the company, product or project mentioned in this article.

LEAVE A REPLY

Please enter your comment!
Please enter your name here