The Uniswap effect is leading to 208% gains on average for certain tokens
Cointelegraph
Published Sep 17, 2020 04:08PM ET
Updated Sep 17, 2020 05:40PM ET
A report from crypto data provider, Cross Angle, claims that tokens which first gain traction on Uniswap have consistently provided 208% returns on average once listed by major centralized exchanges.
In the past, much had been said about the “Coinbase effect” and “Binance effect”, in which a token's price allegedly experiences fast appreciation once listed by either of the former exchanges. However, this time, it is purportedly a combination of listings that yields results. The report's authors examined a number of tokens that landed on a major centralized exchange after having already been listed by the Uniswap decentralized exchange. They concluded:
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Written By: Cointelegraph
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