- Decentralized exchange Uniswap has launched its own crypto wallet for iOS and it will soon be available on the Google Play marketplace as well.
A couple of decades ago, the cell phone had a single functionality, calling and being able to be located anywhere. That, over the years, was modified, first messages were added and then the Internet, among other outstanding features.
Today telephones have become a 360 tool that can function as an office, even as your own bank, thanks to various applications.
Given the advancement of smartphones in people’s lives, decentralized exchange Uniswap decided to launch its own iOS wallet, which will soon also be available on the Google Play marketplace. As explained in a press report, as reproduced CoinDeskfrom this portfolio they will “buy cryptocurrencies and exchange funds between various DeFi platforms.”
“The Uniswap mobile wallet is meant to allow users to buy cryptocurrencies, offering what the protocol says is a competitive rate of 2.55%. Users can also trade funds on popular DeFi platforms, including the Polygon, Arbitrum, and Optimism networks.”, published the aforementioned site.
Centralized exchanges continue to dominate the market
The creators of the application aim for more people to self-guard their money, which was the main idea of Satoshi Nakamoto. However, this is today more wishful thinking than reality as centralized exchanges dominate the scene. Just look at the numbers of these platforms such as Binance, Coinbase or Kraken compared to the decentralized ones.
Binance’s traded volume over the past 24 hours, a day that green candles across the entire market, was nearly $11 billion. The DEX with the highest flow in that same time period was dYdX, with just over $1.1 billion. That means that Changpeng Zhao’s company traded 10 times more.
uniswap, originally created in Ethereum and expanded to other networks, saw in its blockchain mother the largest trade with $915 million dollars. Arbitrum followed with 427M. Further behind are Polygon (63M), Uniswap v2 (59M), Optimism (30M) and BSC (8M).
“Too many people get stuck at the starting line. We receive thousands of support tickets from Uniswap Web App users confused by self-custody wallets. Therefore, we are proud to bring you a self-custody wallet that is simple, secure and easy. to use”they highlighted.
How has the UNI token responded to this novelty?
Following this announcement, the exchange’s token, UNI, has grown. At the time of writing this article, there had been 4.71% in the last 24 hours to scale up to $6.20. Its maximum during the past three months was 7.55, while the all-time high occurred on March 3, 2021 (44.97)
This first release can only be downloaded at the moment from the iOS App Store. As it became known, only a few countries were selected for the test and it seems that neither Mexico nor Latin America was chosen. There is still no release date for Google Play, although it is estimated that this will take place in the short term.
Uniswap, one of the most powerful decentralized exchanges in the world, embarked on a new mission with a great desire to continue educating. It is worth mentioning that self-custody is one of the key principles for the cryptocurrency ecosystem.
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