Top Crypto Data Aggregator, Coinmarketcap Integrates Uniswap to Offer ‘Direct Token Swaps’
- Crypto data aggregator, Coinmarketcap launches Uniswap portal on its website introducing decentralized token swaps to millions of users.
Announced Tuesday, Coinmarketcap.com, a Binance-owned crypto data aggregator, introduced a Uniswap-powered token swap feature on its website. The feature aims to give eager crypto traders and investors a direct channel to make a swap as soon as they check the price of tokens.
According to the statement, Coinmarketcap.com integrated Uniswap (both V1 and V2) and the Ethereum blockchain. This allows anyone who has connected an Ethereum wallet to swap the thousands of Ethereum-based tokens through Uniswap. Other cryptocurrencies currently supported include Uniswap (UNI), AAVE, Tether (USDT), and Bitcoin (BTC).
The integration is expected to increase the overall volumes on Uniswap, the largest decentralized exchange by trading volume, with millions of visits on Coinmarketcap monthly. According to SimilarWeb, Coinmarketcap.com had over 270 million visits in the past month alone, showing the impact the integration could have on Uniswap’s volumes. A statement from Coinmarketcap’s team read,
“With the rise of altcoins in the DeFi [decentralized finance] boom, the need for seamless ways to exchange tokens for participating in different crypto products and ecosystems has become essential.”
The integration supports any wallet accepted by Uniswap, including Metamask, Coinbase, Portis, WalletConnect, and Fortmatic. To start swapping directly from Coinmarketcap, you need to navigate to the coin page you wish to swap. On the right-hand side of the page, click the converter and select the “Swap on Coinmarketcap” option to start swapping on Uniswap.
The new integration could help the top crypto data aggregator keep its position as Coingecko, the second-largest crypto data aggregator, closes in on the top spot.