There’s no shortage of popular projects in the cryptocurrency market. These promising initiatives are being widely adopted today. Ethereum 
$3,439 immediately comes to mind when talking about smart contract platforms, or Bitcoin 
$98,307 when we refer to a store of value.
UniSwap (UNI)
UniSwap is one of the first names that pop up when DeFi is mentioned. With its high trading volume and advanced support, it’s among the most popular decentralized exchanges. UniSwap recently achieved a significant milestone: the total number of swaps on the platform exceeded 250 million. The graph below shows the increase in the number of swaps. Despite the harsh conditions of the bear markets, the DeFi king has seen stable growth.
We should not forget that in recent months, even as growth has slowed, the cumulative volume of cryptocurrencies has dropped to daily levels of around 17 billion dollars.
Should We Buy UNI Coin?
Chainlink 
$24 is the best in the Oracle field, but its native token LINK is not as successful as the project. The situation is different for UniSwap, however. Further growth of the DeFi protocol expands the use case for UNI Token. Naturally, this increases the demand for the token as well. Of its maximum supply of 1 billion, 57.75% is in circulation, and it has a total value locked (TVL) of 4 billion dollars. This figure is 16 times the total locked value in the Solana 
$195 network. The supply has been growing at a reasonable pace since 2020 and will reach its maximum level on September 10 of the coming year.
Although the market value reached over 22 billion dollars at its all-time high (ATH), it currently stands just below 3 billion dollars. Even with the new supply, if it reaches its previous market value, the price could rise to 22 dollars, which signifies an increase of approximately 400% from the current price.
Of course, better alternatives may decrease its market share in the future, but as of today, UniSwap is one of the few favorites in this field. The TVL well above its market value and its active growth support optimism about its future.
At the time of writing, UNI is trading at 4.6 dollars, while Bitcoin is battling sellers around the 26,500 dollar mark.
