Kane PepiUniswap is one of the largest decentralized exchanges in the crypto space in terms of daily trading volume. The exchange is particularly popular for its anonymous and low-cost token swaps, in addition to lending and yield services.
In this guide, we explore the 10 best coins on Uniswap right now from an investment perspective.
The 10 Best Cryptos to Buy on Uniswap
The 10 best coins on Uniswap to consider buying today are listed below:
- Tamadoge – Overall Best Coin to Buy on Uniswap (Listing is Imminent)
- Wrapped Ethereum – Most Commonly Paired Coin on Uniswap
- Uniswap – Native Token of the Uniswap Ecosystem
- Shiba Inu – Popular Meme Coin With More Than 1 Million Token Holders
- AAVE – Lending Protocol Offering Decentralized Finance Products
- ApeCoin – New Cryptocurrency Associated With the Bored Ape Yacht Club
- MANA – Utility Token of the Decentraland Metaverse
- Polygon – Efficient and Low-Cost Transactions for Ethereum dApps
- Chainlink – Decentralized Oracle Network
- Wrapped Bitcoin – Invest Bitcoin Into Decentralized Ethereum Markets
A Closer Look at the Best Coins on Uniswap
Knowing which coins to buy on Uniswap will require some comprehensive personal research to determine the best investment opportunities. As per the current bear market that crypto is firmly in, there are some notable bargains to be had on Uniswap.
Therefore, below, we take a closer look at the 10 best coins on Uniswap to consider buying right now.
1. Tamadoge – Overall Best Coin to Buy on Uniswap (Listing is Imminent)
Tamadoge, once its imminent listing is confirmed, will potentially be the best coin to buy on Uniswap. Having analyzed the Tamadoge whitepaper, the project has big plans for the coming months and years. In a nutshell, Tamadoge is a play-to-earn game that enables users to mint a pet NFT on the Ethereum blockchain.
Once the pet is minted, it will carry a variety of unique characteristics. In a similar nature to the Bored Ape Yacht Club collection, the perceived value of each Tamadoge pet will be determined by how rare each of its traits is. Moreover, minted pet NFTs can be put into battle against other Tamadoge players.
As players win more and more games, they will climb up the monthly rewards ladder. Nonetheless, each successful battle is awarded crypto tokens. Tamadoge distributes rewards via its own native token – TAMA. Players will also be tasked with caring for and feeding their pet Tamadoge, which is not too dissimilar to the hugely popular Tamagotchi games from the 1990s.
Moreover, the Tamadoge roadmap notes that players will even be able to breed their pet Tamadoge, which will create and mint an entirely new NFT with its own traits. The rarity of newly born Tamadoge pets will be determined by their parent NFTs. The team, at Tamadoge, is looking to take their play-to-earn game to the next level by offering a variety of immersive experiences.
For example, Tamadoge pets will live and explore a limitless metaverse that will connect to the real world. The assumption is that by exploring the physical world, this will enable players to earn rewards in the Tamadoge metaverse. The developers are also working on an augmented reality integration, alongside a mobile app for iOS and Android.
Those that like the sound of this project will be pleased to know that as of writing, Tamadoge can be purchased via a presale launch. As is the case with all crypto presales, this offers the opportunity to buy TAMA tokens at a discounted price. The minimum presale swap stands at $150 – to be paid in Ethereum or Tether.
After the 30-day presale launch concludes or the hardcap is reached, the Tamadoge team will look to list their token on the Uniswap exchange. While there are no guarantees in this space, being listed on Uniswap has historically been favorable for newly launched tokens, in terms of their valuation.
Scroll down to the bottom of this page to learn how to buy Tamadoge via the presale launch.
| Min Investment | 1,000 TAMA (∼$10 + gas fee) |
| Max Investment | N/A |
| Purchase Methods | ETH, USDT, Debit / Credit Card (via Transak) |
| Chain | Ethereum |
| Beta Sale Ends | 2nd September 2022 |
| Presale Ends | Q4 2022 |
2. Wrapped Ethereum – Most Commonly Paired Coin on Uniswap
Those that are somewhat new to Uniswap should know that the vast majority of coins listed on the exchange are paired with Wrapped Ethereum (WETH). This means that in order to buy the best coins on Uniswap, the investor will need to obtain a suitable number of WETH tokens.
Now, as a ‘wrapped’ token, WETH enables investors to gain exposure to Ethereum without actually holding ETH. The underlying smart contract and algorithm will, to the best of its abilities, ensure that the value of WETH and ETH are very closely aligned.
Many decentralized exchanges and applications built on top of the Ethereum blockchain will opt for WETH, and Uniswap is no different. The reason for this is that it enables users to swap any ERC-20 token without needing to go through a centralized exchange that utilizes traditional order books.
Perhaps the easiest way to obtain Wrapped Ethereum is to buy Ethereum and then swap the two tokens on Uniswap. In doing so, this will offer access to the vast majority of Uniswap markets – including lending and yield services.
Read More: Learn about buying Ethereum via a regulated broker, before exchanging it for Wrapped Ethereum on Uniswap.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
3. Uniswap – Native Token of the Uniswap Ecosystem
If the sole purpose of finding the best coins on Uniswap is to invest in the long-term growth of this exchange, then it might be worth buying UNI. This is the native digital asset of the Uniswap ecosystem and it is primarily utilized for the purpose of governance.
That is to say, upon purchasing UNI, users can bind their tokens to a specific wallet address within the Uniswap ecosystem. The number of tokens being bound will reflect the amount of voting power that the individual has. In turn, when proposals are made regarding future changes or developments to the Uniswap ecosystem, those with bound UNI tokens can vote.
With that being said, the UNI token is much like any other cryptocurrency, insofar that it trades on public exchanges and its value will be determined by demand and supply. Therefore, the theory is that as the Uniswap exchange becomes more popular, it is hoped that its value will follow suit.
According to CoinMarketCap, the UNI token was made available for trading in late 2020 at a price just below $7. In the months to follow, UNI hit an all-time high of approximately $43 – representing a growth of approximately 500%. However, as of writing, UNI is trading at a discount of 80% when compared to its prior peak.
As such, those looking to invest in the future of Uniswap can do so via UNI tokens at a huge bargain.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
4. Shiba Inu – Popular Meme Coin With More Than 1 Million Token Holders
Shiba Inu is also one of the best coins on Uniswap to consider buying today. Since the SHIB token was launched in mid-2020, it has not only gone on to become a large-cap cryptocurrency – but one of the best-performing tokens of all time. According to data extracted from CoinMarketCap, Shiba Inu has increased by many millions of percentage points since launching.
The project is, arguably, little more than a meme coin. However, in the world of cryptocurrency, meme coins will often generate sizable returns when they have a large community following. And, in the case of Shiba Inu, the project now has more than a million token holders. Very few cryptocurrencies in this space replicate such a feat.
As Shiba Inu operates on the Ethereum blockchain, it is an ERC-20 token and thus – can be bought and sold on Uniswap with ease. SHIB trading volumes on Uniswap are a lot more modest when compared to centralized exchanges. However, by completing the purchase on Uniswap, the trade can be conducted in an anonymous manner.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
5. AAVE – Lending Protocol Offering Decentralized Finance Products
AAVE is the next option to consider when searching for the best coins on Uniswap. This project is a decentralized lending protocol that enables users to borrow funds without needing to go through a conventional lender. In fact, loans can be obtained without needing to provide any personal information or have a credit check undertaken.
For this to remain sustainable, loans can be obtained from AAVE by putting crypto tokens up as collateral. The loan-to-value (LTV) available on AAVE will depend on a variety of factors, such as the digital asset being put up as collateral and the type of token that the user wishes to borrow.
Nonetheless, the AAVE token sits at the heart of this ever-growing DeFi ecosystem. The underlying framework backing the AAVE platform is built on top of the Ethereum blockchain. Hence, users can easily buy and sell AAVE on the Uniswap exchange. In terms of performance, CoinMarketCap states that the AAVE token was launched in late 2020 at just over $53.
The AAVE token went on to hit an all-time of over $620 in May 2021, so that’s gains of over 1,000% in just seven months. However, as of writing, AAVE is trading at a discount of over 85% when compared to the aforementioned all-time high.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
6. ApeCoin – New Cryptocurrency Associated With the Bored Ape Yacht Club
ApeCoin is one of the newest projects on our list of the best coins on Uniswap. As per CoinMarketCap, ApeCoin was launched in early 2022 at a price of just under $7. The digital asset – which is built on top of the Ethereum blockchain, was created by the team behind the Bored Ape Yacht Club, which is one of the most successful NFT collections of all time.
ApeCoin was created as the native token of Otherside, which is a newly built metaverse project. In fact, of writing, ApeCoin is one of the largest metaverse coins by market capitalization.
Users will be able to use the ApeCoin to access the Otherside metaverse, and subsequently explore the virtual world. ApeCoin holders can access VIP events within Otherside, as well as buy and sell virtual goods.
The latter includes the ability to buy plots of land within Otherwise, meaning that ApeCoin has a real use case. ApeCoin, when launched in early 2022, was instantly listed on the vast majority of tier-one exchanges, as per its relationship with the Bored Ape NFT. However, it is also possible to buy ApeCoin on Uniswap in a decentralized manner.
Read More: Check out our beginner’s guide on how to buy ApeCoin in under five minutes.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
7. MANA – Utility Token of the Decentraland Metaverse
Those in the market for the best metaverse crypto coins on Uniswap might also consider Decentraland. In a similar nature to Otherside, Decentraland allows users to create a unique avatar and subsequently socialize with other users of the metaverse ecosystem.
However, Decentraland has been in this space for a lot longer, and thus – its metaverse world has a much greater market share. One of the most notable aspects of Decentraland is the ability to buy virtual land within the metaverse. Transactions are facilitated by the MANA token, which trades on Uniswap.
After buying a plot of land, the user will be able to prove ownership via an NFT that is hosted on the Ethereum blockchain. Moreover, the user will be able to build real estate on the land, alongside the hosting of virtual experiences such as concerts and games. MANA was also one of the best-performing cryptocurrencies during the previous bull market.
As per CoinMarketCap, MANA was first listed on public exchanges in September 2017 at a price of $0.0025. It took a few years for the MANA token to create hype, not least because the Decentraland metaverse was still in its early stages of development. Nonetheless, in late 2021, MANA hit an all-time high of nearly $6 – which equates to growth of almost 24,000%.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
8. Polygon – Efficient and Low-Cost Transactions for Ethereum dApps
Polygon is a Mumbai-based cryptocurrency project founded in 2017. The overarching concept of Polygon is that it enables developers to create dApps on the Ethereum blockchain, but without needing to pay high transaction fees. Moreover, when going through Polygon, developers will benefit from a more efficient network mechanism that has the capacity to scale.
With that said, Polygon ensures that dApps running on its network still benefit from the same levels of security and safety as found on Ethereum. Polygon has its own native token, MATIC, which trades on Uniswap alongside most tier-one centralized exchanges.
According to CoinMarketCap, those buying MATIC in mid-2019 would have paid just $0.0035 per token. When MATIC previously hit an all-time high in late 2021, the token was trading at over $2.90. This means that since 2019, MATIC has generated growth of over 82,000%.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
9. Chainlink – Decentralized Oracle Network
Chainlink is an ERC-20 token built on the Ethereum blockchain that specializes in decentralized oracle networks. In its most basic form, oracles form the bridge between data in the real world and on the blockchain. This means that Chainlink enables legacy blockchains to extract real-time data from virtually any source imagable.
In turn, this has the potential to create an entirely new marketplace that supports decentralized smart contract agreements. For instance, let’s suppose that a blockchain project offers a prediction game on sports results. After collecting funds from bettors, the platform can pay winning predictions autonomously by extracting the result of the game from millions of online sources.
Once verification of the outcome has been achieved beyond doubt via the Chainlink oracle, the smart contract can be executed. Chainlink is backed by its own native token – LINK. CoinMarketCap notes that LINK was originally changing hands at just $0.17 when it was launched in September 2017.
In line with the broader crypto bull market, LINK hit highs of over $52 in mid-2021 – representing gains of more than 30,000%. With that said, LINK could also be one of the cryptos to buy during the crash, considering that it is trading at a discount of over 85% as of writing when compared to its prior all-time high.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
10. Wrapped Bitcoin – Invest Bitcoin Into Decentralized Ethereum Markets
Wrapped Bitcoin is one of the most traded digital currencies on Uniswap, which is interesting considering that Bitcoin itself is not an ERC-20 token. However, Wrapped Bitcoin is essentially a carbon copy of Bitcoin, insofar that the former is pegged to the latter. In other words, the theory is that 1 Wrapped Bitcoin should be worth the same as 1 Bitcoin.
By owning Wrapped Bitcoin, Bitcoin holders can access many of the decentralized products found in the Ethereum ecosystem. This includes everything from decentralized exchanges (like Uniswap) and lending services to yield farming. In the meantime, while Wrapped Bitcoin is locked in a DeFi pool, holders can still benefit from the appreciation of Bitcoin.
In order to obtain Wrapped Bitcoin, the easiest way to do this is to first buy Bitcoin, and then swap the two tokens on Uniswap.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
Should You Buy Coins on Uniswap?
Apart from Tamadoge, which is currently engaged in its presale launch, all of the tokens discussed today can be purchased right now on the Uniswap exchange. However, whether or not Uniswap is the best exchange for this purpose remains to be seen. Investors might also be interested in buying coins on PancakeSwap.
After all, if a coin trades on Uniswap and has a large enough following, then it will likely be listed on a full range of centralized exchanges too – many of which perhaps offer a more user-friendly and low-cost alternative to DEXs.
Nonetheless, Uniswap does offer a number of notable benefits over centralized exchanges, which we explain in the sections below.
Anonymous Trading
Perhaps one of the main benefits of choosing to buy coins on Uniswap is that the exchange is decentralized.
And as such, there is no requirement to open an account when attempting to swap one token for another. The user will not need to provide any personal information to Uniswap, nor upload any sensitive verification documents.
- This is in stark contrast to centralized exchanges, which upon increasing pressure from regulators, are required to perform KYC duties.
- This means identifying the user by requesting a copy of a government-issued ID alongside a proof of address.
In the case of Uniswap, the user will simply need to connect their wallet to the exchange and decide which tokens to swap. Then, within a couple of seconds, the new tokens will appear in the user’s wallet automatically.
Ultimately, the anonymous process of buying and selling tokens on Uniswap is more aligned with the ethos of blockchain technology.
Liquidity Pools
As is the case for many decentralized exchanges in the crypto space, Uniswap does not use traditional order books as found on centralized platforms.
On the contrary, Uniswap utilized an automated market maker (AMM) protocol that relies on smart contracts – meaning that trades can be placed without a seller on the other end of the swap.
For this to remain sustainable, each pair on the Uniswap exchange (e.g. APE/WETH) requires a sufficient amount of liquidity. This liquidity can be provided by holders of the respective token in exchange for interest.
In other words, investors can generate a yield by lending tokens to the Uniswap liquidity pool and thus – will receive a share of trading fees.
This is a smart alternative to buying crypto on a centralized exchange and simply leaving the tokens to sit idle in a private wallet.
Access to New Coins
Another reason to consider using Uniswap to buy coins is that the exchange is often the go-to place for newly launched crypto projects that are built on top of the Ethereum network.
To offer some context, the process of applying for a listing with a centralized exchange can be both cumbersome and time-consuming. Applications can often take many months just to receive a reply from the exchange.
- In contrast, being listed on the Uniswap exchange is a lot more efficient for new projects.
- In fact, to align with the decentralized ethos of Uniswap, any ERC-20 token can be listed – as long as the project is prepared to deposit sufficient levels of liquidity into the AMM.
- In turn, this means that new crypto on Uniswap offers investors the chance to gain exposure to a project while it is still young.
One such example of an upcoming ICOs on Uniswap is Tamadoge. The TAMA token will be listed on Uniswap after its presale campaign has concluded.
No Trust Required
Unlike centralized exchanges, Uniswap does not operate on a single server. This means that Uniswap, in theory, cannot be hacked. This is especially important considering how many exchange hacks have occurred over the past few years.
And, when a centralized exchange is hacked, this means that there is every chance that clients of the platform will have their crypto tokens stolen.
In contrast, Uniswap is a decentralized exchange and so the platform never personally holds client deposits. Instead, tokens and liquidity are backed by smart contracts on the Ethereum blockchain. Also see our guide to using Uniswap safely.
How to Buy Crypto on Uniswap
This section of our guide will explain how to buy crypto on Uniswap. For this tutorial, we will focus on one of the best new cryptos listed on Uniswap – Tamadoge.
Tamadoge Presale
At the time of writing, Tamadoge is offering its token via a presale campaign. This means that the token can be purchased at the best price possible.
After all, once Tamadoge eventually lists on Uniswap, this will give the project exposure to millions of traders around the world.
Step 1: Get ERC-20 Compatible Wallet
The first step is to download a crypto wallet that is compatible with ERC-20 tokens – of which there are dozens. With that said, we suggest that beginners consider using MetaMask.
The wallet is secure, user-friendly, and compatible with both browser extensions (including Chrome and Firefox) and an iOS/Android app.
Set the MetaMask wallet up after downloading it by choosing a password and writing down the 12-word back phrase.
Step 2: Transfer USDT or Ethereum to MetaMask
During the presale campaign, Tamadoge enables investors to buy its token with either USDT or Ethereum. As such, the investor will need to ensure that at least $150 worth of USDT or Ethereum is transferred to the MetaMask wallet.
The unique MetaMask wallet address can be copied to the user’s clipboard by clicking on the three-dot (…) icon.
Step 3: Connect MetaMask Wallet to Tamadoge Presale
Once the MetaMask wallet is funded with either USDT or Ethereum, the process of allocating tokens to the Tamadoge presale is simple.
First, visit the Tamadoge website.
Next, click on ‘Connect Wallet’. After selecting ‘MetaMask’, the user will be able to confirm the connection to Tamadoge via their wallet. When using the browser extension, a MetaMask notification will appear on the screen.
Step 4: Invest in Tamadoge Presale
Now that MetaMask is connected to the Tamadoge presale dashboard, the final step is to fill out an order form.
This simply requires the investor to type in the number of TAMA tokens that they would like the purchase. At least 1,000 TAMA need to be purchased to finalize a transaction.
After confirming the amount, MetaMask will once again display a notification asking for the transaction to be authorized.
Once authorization is given, the underlying smart contract will swap the USDT/ETH tokens for Tamadoge.
Post-Tamadoge Presale and Uniswap Listing
Those that miss the Tamadoge presale if it reaches its hard cap target will still have another opportunity to buy the token once it is listed on Uniswap.
The required process is as follows:
Step 1: Get ERC-20 Compatible Wallet and Fund it With ETH
As noted in the previous walkthrough, the first step is to get a wallet that is compatible with ERC-20 tokens. MetaMask is the best option for the reasons explained earlier.
Transfer ETH to the MetaMask wallet so that the tokens can be used to buy Tamadoge on Uniswap.
Step 2: Connect Wallet to Uniswap
Visit the Uniswap website and click on the ‘Launch App’ button. Then, click on the ”Connect Wallet’ button, which can be found in the top-right-hand corner of the screen.
Choose MetaMask or any other supported wallet.
Step 3: Search for Tamadoge
Once the wallet is connected to Uniswap, the user will need to add Tamadoge to the swap order box.
Take note, at the time of writing, Tamadoge is not currently showing on Uniswap, as it is still running its presale ICO.
Nonetheless, the process simply requires the investor to click on ‘Select a Token’, and type in ‘Tamadoge’ in the search field that appears.
Step 4: Buy Tamadoge on Uniswap
The final step is to set up a simple swap order form.
In the empty field next to ‘ETH’ type in the number of tokens to be swapped for Tamadoge.
Then, after confirming the order via the connected wallet, the Uniswap smart contract will execute the swap in real-time.
Conclusion
This market insight has discussed and ranked the 10 best tokens on Uniswap, from an investment perspective.
Those in the market for newly listed Uniswap coins might consider Tamadoge – which is building a P2E pet breeding and fighting game in conjunction with NFT ownership and the metaverse.
As of writing, Tamadoge is offering its token via a presale campaign before it completes its Uniswap listing. This offers the chance to buy TAMA tokens before it is marketed to the public.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
FAQs
What new coins are coming to Uniswap?
What coins can I buy on Uniswap?
What are the best altcoins to buy right now?
What are the best coins to buy on Uniswap?
This article was written for Business 2 Community by Kane Pepi.
Learn how to publish your content on B2C
