The DEX sector has seen considerable expansion over the last two years. Today, there are dozens of reputable DEXs offering services to the market. Each of these platforms services a different niche and client base. As such, it can seem confusing to attempt to find the right match for your investment strategy. Both Uniswap and the META Exchange provide secure and responsive trading experiences. Here’s what makes these DEXs different.
What is Uniswap?
The Uniswap DEX can be credited with starting the DEX revolution. It wasn’t the first DEX but it is the most successful to date. The DEX was built specifically to service the booming ERC community. There are currently over 200,000 ERC-20 tokens in circulation. Additionally, the network services other unique Ethereum based assets such as the growing NFT token standards.
Uniswap was revolutionary for many reasons. Primarily, it introduced liquidity pools as a way for startups to access public funding. This maneuver was a stark contrast to the way CEXs made firms jump through a variety of hopes to achieve listing prior. Uniswap enables anyone to seed a pool by depositing a corresponding value of ETH and their native token.
This open approach to the market reduced the cost for startups to achieve their funding goals. As such, Uniswap quickly rose to become the top-performing DEX in the world. It’s also one of the top-performing exchanges in general across all categories. Notably, Uniswap’s value only increased as the DeFi sector expanded.
What is META Exchange
The META Exchange provides a secure peer-to-peer trading environment for META 1 Coin holders. The exchange operates as a non-custodial platform that leverages the META blockchain’s security and scalability. The META Exchange plays a vital role providing liquidity to the METANOMIC ecosystem.
META Exchange users can find a host of features to expand their holdings via rewards. There are high yield savings accounts that enable you to earn 10% APY with minimal risk. Additionally, you can stake your META1 coins to earn even more rewards from the network. Keenly, your staking rewards are based on the amount of tokens you stake and the time you leave your coins locked.
One of the main concerns of META Exchange developers was to create a completely separate ecosystem that was free from outside influence. As such, the META Exchange is located outside of US jurisdiction. This approach was necessary for the platform to fulfill its goal to empower investors to retake control of the financial sector.
What Problems was Uniswap Built to Alleviate?
One of the main issues that Uniswap was designed to remove was centralization. Prior to Uniswap’s market entrance, it was very difficult for new tokens to get listed on an exchange. The process was cumbersome and could take months. Worst of all, the CEXs acted as gatekeepers that could require nearly anything to include your project on the exchange. Uniswap removed these barriers and introduces a more democratic and open way for startups to succeed.
Uniswap’s unique technical design enables it to provide startups with instant access to funding. Any project can seed a liquidity pool and release their tokens directly to the market. This strategy enables firms to attract the attention of a wider audience and solves the problem of high spreads for illiquid assets on order-book exchanges.
Uniswap was built to remove all the technical barriers from DEX adoptions. The protocol simplifies features such as linking your ERC-20 compatible wallet and executing buys and sells. The easy-to-use interface provides simple one-click trading to users. This approach helps to lower investor anxiety due to the introduction of DEX terms and features.
Low Token Selection
Uniswap eliminates token selection issues. The open nature of the platform ensures that there’s always a variety of projects available for investors to consider. The network’s flexibility allows traders to swap any two Ethereum assets against an underlying liquidity pool. The flipside of this open nature is the need to DYOR. There is a lot of scam and fraudulent pools on the platform as well.
What Problems was META Exchange Built to Alleviate?
The MEAT Exchange was built to provide a secure way for META1 coin holders to trade their tokens for other popular assets. The protocol is part of a larger ecosystem that was designed to help save humanity from the grips of a corrupt financial system. The networks developer, Robert P. Dunlap, took inspiration from freedom fighters in the past when he designed and built the exchange,
As such, the network includes some cool features that make it unique in the market. It eliminates whales from the equation and provides privacy beyond that of CEXs. For example, there are no KYC or AML checks required to trade on the META Exchange. Additionally, the structure of the exchange was designed to keep your identity safe from prying eyes.
How Does Uniswap Work?
Uniswap functions as an automated market maker (AMM) protocol. This approach eliminates the traditional order book and instead, users trade their crypto directly with smart contracts. This strategy reduces slippage and helps to provide a more responsive trading experience for all.
The core aspect of Uniswap is its open access. Anyone, from around the globe, can use this DEX to trade their digital assets. Notably, Uniswap pools tokens into smart contracts and users trade against these liquidity pools. The exchange pairs every token against ETH as part of this approach. All exchanges convert ERC20a to ETH, and then to ERC20b in a single transaction.
Liquidity pools are one way in which Uniswap pioneered the market. These large open smart contracts offer any project the chance to gain liquidity. Notably, liquidity providers get profit by simply putting their funds into the liquidity pool. They receive rewards and LP tokens. LP tokens increase in value as the pool’s liquidity rises.
How Does META Exchange Work?
The META Exchange simplifies DEX trading. Users can swap any supported asset in near-real-time via the interactive interface. The META exchange provides a very low fee structure compared to Uniswap due to the fact that it operates on the META blockchain and not Ethereum.
The META blockchain provides enterprise-grade scalability and more. META Exchange users can earn passive rewards by staking their META 1 tokens or depositing these coins into the high yield savings account. Notably, the META 1 Coin is the world’s first self-appreciating stable coin. It represents a shift from single-pegged coins to more advanced digital assets that integrate both appreciating assets and value control mechanisms.
Uniswap vs META Exchange
Now that you have a better understanding of Uniswap vs META Exchange, it’s easy to see how the market has evolved. META incorporates a full DeFi ecosystem complete with savings accounts and a VISA debit card. Its network was built to free users from the chains of the current system. Uniswap was created to help service the growing Ethereum ecosystem. Consequently, there is plenty of room in the market for both of these projects to thrive.