Redditors are Buying These 5 Cryptocurrencies After The Merge

4. Uniswap (UNI)

Market Cap as of August 31: $4.6 Billion

Uniswap is a decentralized cryptocurrency exchange and UNI is the native currency of the network. The Uniswap exchange differs from other centralized exchanges as it makes use of liquidity pools for market making, rather than traditional market making. Liquidity providers are tasked with keeping the liquidity pool flooded with assets to ensure the functioning of the network. Uniswap incentivizes liquidity providers by giving them a share of the fees charged to traders on the Uniswap network. As of August 31, Uniswap has a market cap of $4.6 billion and over 745.5 million UNI tokens in circulation.

Reddit is eyeing Uniswap as the Merge date draws closer. Uniswap can benefit from the Ethereum Merge as investors will make use of the platform to partake in liquidity staking for Ethereum, a service that is expected to gain popularity as Ethereum shifts to the proof-of-stake consensus mechanism.