Launched in May, Telegram-based cryptocurrency exchange Unibot rose 200 times in a short time.
The platform, which mediates the buying and selling of cryptocurrencies through the popular messaging application, stands out with its easy use. The platform, which connects user wallets to Uniswap, allows cryptocurrency trading with the ease of sending a message.
According to data provided by Dune Analytics, the platform has collected 3600 Ethereum since its launch in May and distributed some of it directly to token holders. While the number of users of the platform was over 2000 in June, it has increased to 6500 today.
Unibot's popularity grew, with daily trading volumes exceeding $5 million. Although this shows that it is still far behind its competitors, there has been a serious increase in the price of the token.
UNI bot, which has a market value of 180 million dollars as of today, has increased 10 times since June, exceeding $180.
While Unibot-style exchanges stand out with their ease of use and wallet transactions, the fact that they offer passive income to their users is among the factors that increase their popularity.
It is extremely risky to enter such products later. The fact that the price has been rising for a while does not mean that this move will continue. Experts state that investors should be careful before investing in such risky products.
*Not Investment Advice.
