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The most popular keyword in the blockchain industry in 2020 is undoubtedly DeFi. It brings the traditional financial planning concept to the blockchain, and at the same time evolves into many different patterns. The rise of DeFi is indispensable to the support of a project, that is, Uniswap. Uniswap is a DEX pioneer which created a brand-new trading mechanism AMM. Most of the DEX that emerged later were developed on the model of Uniswap. Before the emergence of SushiSwap, Uniswap had been dominating the field of DeFi. By utilizing the core mode of AMM (Automated Market Maker), it hit a record high of $2 billion in locked positions and surpassed the centralized top exchange Coinbase in terms of daily trading volume, thus establishing its position as the industry leader. The emergence of SushiSwap has challenged the dominance of Uniswap. On the day when SushiSwap successfully migrated its liquidity, the total liquidity of Uniswap, which was undermined, once dropped by more than 70%, and was overtaken by SushiSwap. However, Uniswap immediately launched the platform token uni and regained its market share. In the world of DeFi, speed of innovation is unprecedented, and each leading player would probably lose its front-runner position in weeks and even days. The reason why SushiSwap has become popular in a short time and attracted other market players to follow suit is that its innovation of "Uniswap LP Token staking mining and offering of platform tokens" can enable users to capture more benefits. DEX ICO has become a trend and has been proven by the market. After all, most liquidity providers participate in the projects for the purpose of pursuing high profits.
 
Statistics show that, in February 2021, the trading volume of DEX reached about USD 72.89 billion, hitting a record high with an increase of USD 12 billion compared with January. Uniswap still takes a leading position in the field of DEX, accounting for over 50% of the total trading volume, namely USD 36.6 billion. There is no doubt that E is still the leader of DEX. Currently, there are hundreds of DEXs on the market. However, most of them simply copied Uniswap and modified its UI. Lack of innovation means being eliminated. Most DEXs are just a flash in the pan. When users find that they cannot make profits any longer, they will withdraw the funds and participate in the next project. Recently, the search volume and popularity of a new DEX YouSwap are constantly increasing on overseas media and social channels.
 
According to media reports, YouSwap has a solid background. It is an All-Eco DEX project created by blockchain geek teams in San Francisco and Singapore. The founding team is comprised of many talented geeks who got together and created YouSwap in San Francisco in September 2020. Most members of F’s founding team once worked in investment banks or technology companies, with an average of 7 years of R&D experience. There are 53 core members who have cooperated for more than 5 years and boast rich skills in the fields of cloud computing, SAAS, blockchain technology and network security protection. YouSwap has successfully accessed to the strategic investment from many international VCs such as Founders Venture, Matrix Fund and CCV Capital. On the whole, it is worthy of attention in both development strategy and team strength.
 
YouSwap has made greater innovations based on Uniwap model. It realized multi-chain sharing of digital assets by constructing a deployment system of multi-chain ecology, and improved AMM (Automated Market Maker) model to provide liquidity effect with high security. In order to reduce the slippage of transaction exchange, YouSwap has developed the function of aggregate transaction to find the optimal exchange path; at the same time, in the aspect of liquidity pool subject to smart contract, it is added with the functions of customization and automatic execution, which potentially enhances the ROI. In terms of ecology improvement, YouSwap has developed lending service function, which can satisfy investors' lending demand and realize double benefits of investment and wealth management. YouSwap also provides derivative service, which is mainly suitable for digital asset managers to hedge risks. YouSwap provides stablecoin exchange and transfer service, which lowers the threshold for general public to enter blockchain. All these technical services can be applied on Ethereum Layer2. YouSwap provides the project owner with one-click IFO technical support, coin listing service by fund raising, and one-stop project incubation service. YouSwap will create the ultimate user experience, so that users can access DeFi industry and enter the decentralized world with zero learning cost, and have their own exclusive DEX.
 
Aside from the mode, let's compare Uniwap’s UNI with YouSwap’s YOU. UNI mode is pre-mining (allocated to users), of which 40% is given to the team, investors and other stakeholders, totaling 400 million UNI. The concentration of tokens in the hands of a few people means that once a major account dumps the tokens, the price is bound to collapse, and that’s the reason everyone chooses to sell immediately after airdrop. However,YouSwap’s founding team adopts a decentralized mode without pre-mining, and leaves all the platform governance tokens YOU to community participants. The rise and fall of the price are determined by the market, which is more fair to users. Besides, the total supply of YOU is 200 million without additional offering. With the deflation model of buy-back and burning, there will be fewer YOU in the future market. According to the news from official website, YouSwap will initiate the IDO subscription in the middle of this month, with a total subscription amount of 1 million YOU under a unit price of 0.1u. Therefore, the initial circulation market value of YOU is 100,000u, and the rest tokens will be produced through mining. The expected yield may be up to 1000% upon the launch of the project. Still, don’t missYouSwap if you have already missed Uniswap or SushiSwap.
 
At present, the daily trading volume of Uniswap is about 1 billion US dollars, and the amount of locked positions is 4 billion US dollars. There are two emerging exchanges ahead of Uniswap in terms of daily trading volume: mdex on Heco and pancakeswap BSC. They have surpassed Uniswap in just a few months with the help of the traffic Heco and BSC, which shows that Uniswap is not insurmountable, and the high trading fees and slippage has made Uniswap lose a large number of users. YouSwap has aggregated several public chains, such as Ethereum, TRON, BSC and Heco, and will absorb a large amount of traffic from these public chains. YouSwap will redefine the boundaries of DEX through innovative functions and excellent user experience. At a time when the traffic battle becomes increasingly fierce and the competition among the major DEXs is escalating, the imitators who rush to launch a project for taking advantages of popularity are bound to be short-lived. Only DEX like YouSwap that is truly innovative, plays safe and keeps giving back to the community and users can make a successful counter-attack.