The post Utility Crypto Tokens Like HedgeUp, Uniswap, and Solana Take the Market to New Heights appeared first on Coinpedia Fintech News
The loudest of crypto critics often criticize cryptocurrencies for having no intrinsic value. However, that’s not entirely true. Decentralized finance (DeFi) is built on the back of utility tokens like Uniswap (UNI) and Solana (SOL). And now, a new token has entered the conversation. This is the presale token HedgeUp (HDUP).
Uniswap (UNI): supporting decentralized trading
UNI is the utility token of the decentralized exchange (DEX), Uniswap. This is a revolutionary DEX that introduced the idea of Automated Market Makers (AMMs), which now powers most DEXs in the Web3 ecosystem.
UNI plays a crucial role in the protocol’s own ecosystem. For one, Uniswap (UNI) holders participate in the governance of the protocol. They propose upgrades and vote on any changes and improvements before they are made.
The token is also central to all incentives an
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