$ 97,224.2
$ 1,865.03
$ 0.7085
$ 604.38
$ 153.30
Jul 23, 2022
by Usha Yadav
Uniswap Includes Sudoswap to Have Access to Deeper NFT Liquidity
Table of contents
The NFT rabbit hole is being explored in depth by Uniswap. To facilitate effective NFT swaps when it releases its NFT platform, the automated market maker integrates the decentralized NFT marketplace Sudoswap.
Uniswap is Doubling Down on NFTs
SudoAMM alters that because it is entirely on-chain. Anyone can use Ethereum to source the same liquidity the Sudoswap marketplace uses in their applications. Uniswap is doubling down on NFTs with the incorporation of sudoAMM. It bought NFT aggregator Genie last month. The most active decentralized exchange is Uniswap, which has seen $1.09B in trade volume in the last 24 hours. In terms of fees produced, it recently passed Ethereum. In the future, Sudoswap intends to support ERC-1155 tokens, ERC-20 token routing, and other unique bonding curves and AMM management technology.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.