Easy To Use Swapping Protocols See An Uptick In Demand
In a world where DEXs and hot wallets are the most common way to trade DeFi for new investors, this can be quite daunting. The complexity of many of these exchanges and protocols makes it difficult to discern how to trade, what’s being traded, and even how to import the tokens that you are trying to purchase.
As such, certain layer-3 and other swapping mechanisms are gaining traction in the ecosystem today as they offer new users an easier way to swap tokens with a simple UI and a pleasant UX. However, while this is certainly appealing for new users, an issue that arises with this is that it often becomes more expensive to do so due to the additional 3rd party layer attached.
This alters the competitiveness of the protocol and as users become more experienced they look to transition away to other alternatives such as hot wallets and DEXs. Nevertheless, one swapping protocol in Yuniverze (YUNI) is looking to change the narrative for these swapping mechanisms.
Yuniverze Looks To Be The Unicorn Swapping Mechanism
As such, Yuniverze will offer a service that combines an attractive, simple UI to create a user-friendly experience extremely cheaply. They will look to do this by searching the market across all the liquidity providers and finding the best exchange rate with the lowest slippage. Consequently, this will offer the best service possible to users.
Yuniverze will thus remain more competitive and retain the user base even as traders become more experienced in the world of crypto as they will always provide the best swapping rates across the market.
Moreover, those who invest in YUNI early, its native token, will be rewarded with an allocation of tokens themselves at a later date for helping the project fuel further developments.
Litecoin, The Bitcoin Alternative That Offers Payment Utility
While Bitcoin (BTC) is unquestionably the premier store of value and the coin that has the highest demand for merchant services and payments, Litecoin (LTC) offers a condensed service that can find a place in the market, particularly if the lightning network fails in its ventures.
The lightning network is a layer-2 add-on to Bitcoin that will help stop congestion on the network and specifically speed up the processing speeds for micro-transactions. Whilst the technology has the potential to revolutionise bitcoin payments once more, Litecoin rarely sees congestion on the network and offers lightning fast transaction speeds.
Furthermore, the network itself is very cheap and is already accepted as a payment method for hundreds of merchants across the globe. With Litecoin’s price currently sitting at around $60 down from its ATH of $386.45, the upside could be significant for investors.
Litecoin not only acts as a hedge against Bitcoin, but as the markets bounce back and merchants see an uptick in products and services again, Litecoin will see increased demand, particularly as the adoption of crypto for merchant services continually increases.
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