Uniswap (UNI) is one of the most discussed cryptocurrencies of 2022. If you've been following the charts, you've probably noticed how fast this cryptocurrency is rising and its limitless growth potential. Uniswap (UNI) is currently in the top 25 cryptos by market cap with a market value of more than $4 billion. 

## How it all began

If you are unfamiliar with Uniswap, here's a quick rundown:

UniSwap is a decentralized exchange (DEX) on the Ethereum blockchain and It was founded in the fall of 2017 by Hayden Adams. He built Uniswap as a proof of concept for an on-chain automated market maker protocol detailed by Ethereum co-founder Vitalik Buterin, in a series of posts earlier that year. Adams brought the concept to life with some help from the ETH community. In particular, he received various grants, including a $100,000 grant from the Ethereum Foundation.

Instead of conducting an initial coin offering (ICO), UNI coins were distributed to existing Uniswap users through what became known as an ‘airdrop’. The airdrop was held in September 2020 and resulted in users receiving 400 UNI each, for a total of $1,200.🪂

## What is Uniswap (UNI)?

Uniswap (UNI) is a management token that acts as a voice and allows investors to influence the development of the system. Its creation ensured shared ownership of the community and the autonomous project. Thanks to such voting capabilities, a quorum was assembled and the grant system proposal was adopted.🙌

UNI token has proven extremely popular in a short period of time, with more than 94 million transactions since the developers launched the V1 protocol in November 2018. More than $70 billion (£52 billion) worth of cryptocurrencies is traded on Uniswap every month. 

**Ethereum's founding father, Vitalik Buterin, believes that UNI could become a minimalist alternative to Chainlink, a price oracle token, which is necessary for developing the field of decentralized finance.**

Initially designed to facilitate Uniswap's decision-making process, and not as a currency, this has not prevented UNI from climbing the ranks of cryptocurrencies. 📈

## How do you store Uniswap (UNI)?

UNI tokens are easy to store. You can store these universal digital assets in any ERC-20 compliant wallet. Speaking of ERC-20, it’s worth mentioning the NAGAX wallet which is probably the best application for ERC-20 tokens, as it allows you to store ALL of them in one place. Besides full privacy functionality, the NAGAX wallet provides a seamless, frictionless, and easy-to-use UI. 

To learn more about the NAGAX wallet, please visit [here](https://app.nagax.com/help-center/faq/nagax-wallet-28/what-is-nagax-wallet-15346144?lang=en).

## Is Uniswap (UNI) a good investment?

In 2021, the UNI token enjoyed great success with cryptocurrency traders, making significant profits in its short lifespan. 

As with any investment, be sure to consider your investment objectives and current financial situation before investing in cryptocurrency.🔎

## Uniswap (UNI) at NAGAX

Uniswap has been one of the shining stars of the cryptocurrency market and is available at NAGAX. Buy, sell, trade, and HODL digital assets on one of the fastest-growing crypto exchanges. Low fees, reliable service, and simple setup. 



*Important Notice: Any news, opinions, research, analyses, prices, or other information contained on this feed are provided as general market commentary and do not constitute investment advice or solicitation for a transaction in any financial instrument or unsolicited financial promotions. All material published on the website is intended for informational purposes only. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability, and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.*

*Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds.  Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.*

Uniswap (UNI) is one of the most discussed cryptocurrencies of 2022. If you've been following the charts, you've probably noticed how fast this cryptocurrency is rising and its limitless growth potential. Continue reading the NAGAX blog for more.

Uniswap (UNI) - The Ethereum Unicorn in the Making? | NAGAX Blog

Read the latest Crypto news & gain insights from analysis of what's currently happening in the markets around the world.

NAGAX Blog | Crypto

Crypto

Uniswap (UNI) is one of the most discussed cryptocurrencies of 2022. If you've been following the charts, you've probably noticed how fast this cryptocurrency is rising and its limitless growth potential. Continue reading for more.

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Uniswap (UNI) - The Ethereum Unicorn in the Making?

Check out the daily NAGAX Hot Assets. We will review top gainers, top losers, and the most trending cryptos on our platform. Continue for more.👇

## Top 3 Trending Cryptos

**Bitcoin (BTC) - $29,330.20 (-3.80%)**

The OG Coin is continuing to show a trend. Bitcoin is the world's first decentralized currency, with an anonymous founder, more and more countries are continually embracing the Bitcoin lifestyle with increased accessibility, framework, and light regulation.

**Ethereum (ETH) - $1,982.10 (-4.20%)**

Considered to be Bitcoins runnerup, Ethereum is breaking barriers as more talks continue in the [Proof of Stake (PoS)](https://www.youtube.com/watch?v=wxL2bA1PhJE&t=73s) mechanism.

**Tether (USDT) - $1.00 (-.08%)**

This stablecoin is meant to bridge the gap between fiat currency’s stability while providing the privacy and security of the cryptocurrencies we have all come to know. Are stablecoins in your trading strategy?

![Hot Assets_NAGAX_24.5.PNG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Hot_Assets_NAGAX_24_5_bcae699c47.PNG)

**Prices are indicative at the time of publication*

## Top 3 Gainers

**NAGA Coin (NGC) - $0.387 (5.99%)**

NAGA Coin is NAGA’s own decentralized currency alternative coin that is an immersive gateway to the benefits of NAGAX. With NAGA Coin, holders step into a connective world of decentralized currency connecting NAGA Trader and NAGAX, making it a holistic experience.

**TRON (TRX) - $0.078 (2.3%)**

Although it sounds like it is from a movie, TRON crypto was developed by the Tron Foundation in 2017. The aim of the project for this crypto is to help support content creators, a rather trending topic connecting NFTs and the metaverse. TRON is used as an award system for these creators.

**Ethereum Classic (ETC) - $21.679 (0.49%)**

Without getting too technical, Ethereum Classic was pounded after its counterpart, Ethereum (ETH). Ethereum Classic was built as a response to maintaining old ways of ETH from the DOA as it continues to transform.
Top 3 Losers

**Fantom (FTM) - $0.429 (-14%)**

Fantom is a scalable blockchain project popular among decentralized finance (DeFi) users, and widely used in enterprise applications. [Fantom Foundation](https://twitter.com/FantomFDN?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) is particularly active on Twitter as well.

**Avalanche (AVAX) - $8.13 (-10%)**

Avalanche has been on a rollercoaster of a ride since its first ICO. This cryptocurrency claims that it is the fastest on the blockchain. With lightning-fast speeds, AVAX seems to be gaining ground in the crypto universe.

**The Sandbox (SAND) - $1.276 (-10%)**

SAND is the powering currency of the Sandbox blockchain-based metaverse. It incorporates elements of virtual reality and real-life where the gaming community can earn and thrive on the P2E mechanism.




*Important Notice: Any news, opinions, research, analyses, prices, or other information contained on this feed are provided as general market commentary and do not constitute investment advice or solicitation for a transaction in any financial instrument or unsolicited financial promotions. All material published on the website is intended for informational purposes only. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability, and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.*

*Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.*


Check out the daily NAGAX Hot Assets. We will review top gainers, top losers, and the most trending cryptos on our platform. Continue to the NAGAX Blog for more.

NAGAX Daily Hot Assets - May 24 | NAGAX Blog

Check out the daily NAGAX Hot Assets. We will review top gainers, top losers, and the most trending cryptos on our platform. Continue reading for more.

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Hot Assets You Should Check Out Today | May 24, 2022

Non-Fungible Tokens (NFTs) have become a trend in the cryptocurrency market in 2020. In 2021, NFT sales rose to $25 billion while In 2022, the trend shows a monumental rise. Artists, investors, and collectors are flocking to the Web3 space to earn and resonate aesthetically and emotionally. 

With NFT, almost any digital object can be sold. Objects created on the same principle are combined into collections. These can be paintings, memes, music files, and more. The value of each NFT is determined by its uniqueness.

Specific NFT qualities (metadata) can be viewed in the smart contract or on the trading platform. The percentage of matching with other items in the collection is shown next to each characteristic. The smaller the value, the more valuable the item. The most expensive digital object in NFT history, [The Merge](https://www.cryptotimes.io/paks-merge-nfts-are-about-to-reach-100-million-milestone/#:~:text=Pak%20released%20Merge%20NFTs%202nd,at%206%3A30%20pm%20ET.), sold in 2021 for $91.8 million.

In 2022, against the background of a general decline in market indicators, sales of NFTs declined. According to NonFungible, from January to May, the weekly volume of transactions fell by 77.85% (from $142.26 million to $31.51 million). The number of sales fell from 164.06 thousand to 24.65 thousand.

## Bored Ape Yacht Club 

**The best-selling collection in the second week of May was Bored Ape Yacht Club monkeys. Investors bought 806 collection cards for $46.28 million in seven days.**

The largest deal for the week took place on May 15. **Bored Ape #7265** was sold for 200 ETH ($403.48 thousand). This is the 4th transaction in the item’s transaction history. The character in a white sailor's hat accumulated the total amount of transactions for $516 thousand.

![Bored Ape Pizza_NAGAX.JPG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Bored_Ape_Pizza_NAGAX_7b06db1f75.JPG)

 In general, the collection of bored monkeys increased the trade turnover to $3.65 billion. 🐵 

## Otherside

In second place in the ranking is Otherdeed for Otherside. During the second week of May, 2,941 pieces of virtual land in the Otherside metaverse were sold for $40.45 million. The most expensive artifact in the collection, **Otherside #10646**, was bought on May 18 for 160 ETH ($326,92 thousand). Total digital artifact transactions for the entire time rose to $1.05 billion.

![Otherside_NAGAX.JPG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Otherside_NAGAX_2a8dfca34b.JPG)

## Azuki

Azuki's collection of anime avatars closes the top three. In the last 7 days, cards with access to the virtual garden were bought 3348 times. The most expensive artifact of the week was **Azuki #5909**, which cost 250 ETH ($519.69) to its new owner. Seven-day transactions totaled $33.57 million, and the total rose to $815.5 million.

![Azuki_NAGAX Blog.JPG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Azuki_NAGAX_Blog_26ce95cfe7.JPG)

The 4th and 5th places in the top five best-selling collections of the week are proudly taken by Meetbits and Cryptopunks. Let's review it.

## Meebits

Meebits is a collection of 20,000 3D voxel characters created using a special generative algorithm. All 3D characters are registered in the Ethereum blockchain. 

In a major sale on May 2022,  **Meetbit #17999** was sold for 13.62 ETH, which converts to roughly $28,298.56.

## CryptoPunks

![Crypto Punk_NAGAX Blog.JPG](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Crypto_Punk_NAGAX_Blog_cb6505cfb9.JPG)

CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each can officially belong to one person on the Ethereum blockchain. Initially, anyone with an Ethereum wallet could claim them for free, but all 10,000 were quickly claimed. 

As the second highest-selling NFT of all time, CryptoPunks has one digital collectible in the top-selling NFTs this week. The recent sale of **CryptoPunk #7569** ($386,000) contributed to CryptoPunks' May sales of about $22.2 million. 

## NAGAX Creators Fund

NAGAX believes in the potential of the NFTs to accelerate the creative economy, inspire new business models, and enable access to greater participation in today's financial system. With the NAGAX Creator Fund, creators can easily tap into the ultra-fast, free-of-charge NAGAX Private Blockchain to bring their NFT projects to life and earn up to 100K in marketing support for your NFT collection launch. 🚀

The Creators Fund is a $100K commitment to help creators launch their state-of-the-art NFTs on the NAGAX private blockchain.

Win up to $100K in marketing support and launch your NFT collection with an ever-growing crypto community. Creators wishing to participate in the NAGAX Creator Fund can [apply here](https://nagax.com/nft-creators).




*Important Notice: Any news, opinions, research, analyses, prices, or other information contained on this feed are provided as general market commentary and do not constitute investment advice or solicitation for a transaction in any financial instrument or unsolicited financial promotions. All material published on the website is intended for informational purposes only. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability, and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.*

*Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds.  Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.*


NFTs have become a huge trend in 2021 and are evolving even more in 2022. Continue reading to discover the highest selling NFTs for May.

The Most Popular and Best Selling NFT Collections of May 2022 | NAGAX Blog

Read the latest NFT news & gain insights from analysis of what's currently happening in the markets around the world.

NAGAX Blog | NFT

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The Most Popular and Best Selling NFT Collections of May 2022

It's Friday again, and the time for a quick recap of this week's news. 

So, before you go on enjoying your weekend, take a snap below! 📸

![Weekly Recap May 16-20.png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/Weekly_Recap_May_16_20_6d7917a981.png)

![btc (1).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/btc_1_55814b2fa3.png)

**Crypto Winter or a New Ice Age? Disaster or Buy-On-The-Dip Opportunity?**

The current bear market of 2022 continues to disrupt all cryptocurrencies, including non-fungible tokens (NFT), and the decentralized finance market (DeFi). Many link the crypto winter to the ongoing months-long war between Russia and Ukraine, as well as the US Federal Reserve’s recent interest rate hike. Read more on the blog!

[Read More](https://nagax.com/news-and-analysis/articles/crypto-winter-or-a-new-ice-age-disaster-or-buy-on-the-dip-opportunity)

![NAGAX_Weekly_Crypto_Blog.png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/NAGAX_Weekly_Crypto_Blog_72851a06e0.png)

**Hot Crypto Drops at NAGAX this Week!**

NAGAX is continually giving users the best offering in digital assets. As we continue to push the boundaries and reshape what crypto trading platforms are, we are happy to announce three new digital assets you can buy, sell, and trade at NAGAX! Continue reading for more on these new drops.

[Read More](https://nagax.com/news-and-analysis/articles/hot-crypto-drops-at-nagax-this-week)

![altcoins.png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/altcoins_5bf01ea7fb.png)

**‘Huge testing milestone’ for Ethereum**

The Ropsten testnet Merge, scheduled on June 8, will be a "major testing milestone" for the Ethereum ecosystem. Ethereum DevOps engineer Parathi Jayanathi filed a pull request for the Ropsten testnet Merge setup code on Monday, according to the Merge test net’s page on GitHub, indicating that the implementation is ready to go.

[Trade ETH/USDT](https://exchange.nagax.com/trade/ETH-USDT)

![btc (3).png](https://s3.eu-west-1.amazonaws.com/blog.naga.com-storage/btc_3_05743af522.png)

**Someone Just Sold a Bored Ape NFT for 200 USDC**

On Sunday, Boredapebot, a Twitter account dedicated to posting sales of Apes from the Bored Ape Yacht Club (BAYC) collection, disclosed that Ape #6462 was sold for a pittance of 200 USDC ($200). With a floor price of 101.75 ETH ($206,000), BAYC is one of the most expensive NFT collections on the market. It might mean that the previous owner mistakenly accepted a 200 USDC offer instead of 200 ETH offer. 

[Explore the markets ](lhttps://nagax.com/markets)

That's it for now, see you next week! 

*Important Notice: Any news, opinions, research, analyses, prices, or other information contained on this feed are provided as general market commentary and do not constitute investment advice or solicitation for a transaction in any financial instrument or unsolicited financial promotions. All material published on the website is intended for informational purposes only. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability, and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.*

*Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.*


Here is your NAGAX Weekly crypto and NFT recap! Continue reading to learn about the most trending news in the crypto sphere you won't want to miss.  

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