In 2021, coinmarketcap launched a token swap feature. Today we will talk about how Ethereum tokens were swaps in Coinmarketcap powered by Uniswap. Let’s find out by reading the article below.
How Ethereum tokens were swaps in Coinmarketcap powered by Uniswap?
CoinMarketCap launched a token swap feature through an integration with Uniswap. CoinMarketCap (CMC) had launched a token swap feature on its website through an integration with decentralized exchange Uniswap.
CMC is one of the most well-known cryptocurrency market data aggregators in the industry and has been owned by Binance since April 2020. The site’s ethereum-based tokens page now includes a swap icon, enabling users to connect wallets and swap between ERC-20 tokens. The platform supports wallets from MetaMask, Coinbase, Fortmatic, Portis, and WalletConnect.
CMC hinted at the possibility of more integrations with other DEXs and networks in the future, with its June 29, 2021 announcement noting that it only supports Ethereum “at this time,” while Uniswap V1 and V2 will be “the first DEXs to support token swaps.” CMC's website traffic has risen significantly since the beginning of the year, with total visits increasing from 101 million in January, 2021 to 272.32 million in May, 2021. According to data from website analytics firm SimilarWeb, Binance is the site with the most referral traffic on the platform, accounting for 52.68% of referrals.
What is Coinmarketcap?
Founded in 2013, CMC has become one of the most cited encrypted data websites in the world. In 2019, the platform launched encrypted indexes on major financial platforms such as Nasdaq Global Index Data Service and Bloomberg Terminal.
I hope this article will help you to learn how Ethereum tokens were swaps in Coinmarketcap powered by Uniswap. CoinMarketCap is the world's most referenced crypto asset price tracker in the fast-growing cryptocurrency space.
