Many people already know that we have a facility to swap our Hive tokens from Hive Engine to Hive and from Hive to Hive Engine. People use SWAP.HIVE to invest in other project tokens, or they make use of it to move to other blockchains or DEX using the facility available on Hive Engine. The number of NFT projects that we had on Hive Engine is also gradually reducing. Earlier, there used to be a heavy demand for SWAP.HIVE on projects on Hive Engine. Today, even though that type of demand has reduced, it is surprising to see that people are having a lot of Hive Engine versions of Hive rather than keeping it on the parent chain.
Uswap is a platform that provides a way to convert our Hive to SWAP.HIVE and from SWAP.HIVE to Hive based on the liquidity available there. There is a small fee associated with this conversion and sometimes if we are lucky and if there is a heavy demand on the other side, we would even be lucky to get more than what we are trying to convert. For those who are hearing about the Uswap platform for the very first time can give it a try if you want to do some conversion. The link is available below:
For the past two months, I have been observing this platform and I notice that the demand is more on the Hive side than the Hive Engine side. Not many people are converting their Hive Engine token to Hive. I don't know what is causing this, but the good thing is that if we have this type of demand, we can assume that Hive Engine is of good use already. By the way, I would also like to clarify that I'm in no way associated with the Uswap platform, and this is not promotional content. I just observed something that I wanted to share with everyone. People who are using Hive Engine itself directly for conversions can maybe give this platform a try, but we have to remember that this is a third-party application.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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maybe hive price is low and people prefer to keep the swap to switch with swap.btc and such as soon as hive goes up
Interesting to see how more people are moving towards SWAP.HIVE. The demand shift really shows how the ecosystem is changing. Thanks for explaining it in a clear way
Nice breakdown 👏 This shift shows Hive users value cross-chain options more than ever.
Interesting 🤔, I am just hearing of uswap for the first time, I would definitely read it up to know more about it. Thank you for sharing
Haven't seen this one yet. I was using Beeswap for a while until Keychain's swap came into play, now i just use that all the time.
Try our service (uswap.app) you will experience either less fee or reward. You won’t regret that decision 😊
Of course, we have seen that we see a good increase in the prices of all the coins there, so we can trade there, we can hold it, this is a good option for people.
Interesting point about SWAP.HIVE It really shows how much people are using Hive Engine for trading and conversions. The demand shift is quite noticeable.
Good thing is a lot of activity is happening on Hive Engine. The ecosystem is leaning more toward flexibility and trading options rather than just holding Hive on the main chain new stuff I didn't know about Hive to so thank you