Introducing Unizen: Vision, Mission, and Solutions
Born out of a vision to simplify and enhance the trading experience within the ever-evolving Web3 ecosystem, Unizen emerged as a revolutionary platform. By providing a secure, seamless, and cost-efficient platform, Unizen empowers users to interact with various assets and applications across a multitude of blockchains.
The founders of Unizen identified the challenges plaguing the industry – complexity, compliance, accessibility barriers, high costs, and interoperability. Driven to provide solutions, they developed a platform equipped with intuitive features and tools. The goal was to demystify the trading process, reduce costs for traders, and cultivate a user-friendly environment that would encourage crypto investors to explore the expansive world of Web3.
With its user-centric approach, Unizen has created a platform that allows traders and investors to confidently navigate the vast spectrum of the DeFi space. The ultimate goal of Unizen is to fuel the growth of DeFi and empower users to tap into the unlimited potential of decentralized finance in an accessible and familiar setting.
Market Impact: Growth Metrics and Trading Volume
Unizen has made its presence known in the DeFi landscape with a solid growth trajectory and impressive trading volume, despite being a recent entrant. The platform facilitated a total trading volume of $20 million, demonstrating its pivotal role in the emerging DeFi market.
These figures, however, tell only part of the story. Unizen’s commitment to providing quality trading experiences has resulted in users saving significantly on their trades compared to leading DEXs. This savings was achieved through Unizen’s smart routing and trade splitting algorithm, which ensures optimal pricing for trades and minimal slippage. The savings delivered by Unizen amounts to an impressive $674,020, roughly 3.5% of the total trading volume on the Unizen platform.
Unizen’s unique value proposition becomes evident when comparing its performance with other DEX Aggregators. In a recent analysis involving 37 single-chain trades, each valued at $10,000 (a total trade volume of $370,000), Unizen generated an additional value of approximately $238,073. This substantial additional value, translating to 64.35% more than the leading DEX Aggregators, is a testament to Unizen’s superior routing algorithm and innovative trading strategy.
The growing popularity of Unizen is reflected not only in its trading volume but also in the steady increase in Monthly Active Users (MAUs). This surge in user activity is a testament to the trust and value that individual and institutional traders place in Unizen as their go-to trade aggregator, demonstrating Unizen’s success in fostering a fair, accessible, and beneficial DeFi trading environment.
Unizen’s Value Proposition: Trade Savings and Superior Routing
Unizen sets itself apart with its unique approach to decentralized liquidity routing, which allows users to achieve unparalleled slippage reduction on decentralized trades. This extraordinary feature of Unizen is enabled by the platform’s innovative smart routing and trade splitting algorithm.
This algorithm has been designed to optimize trade execution, ensuring users get the best possible prices for their trades. By intelligently splitting and routing trades across different liquidity pools, Unizen manages to minimize the price impact of large orders, reducing slippage and maximizing value for traders.
Furthermore, Unizen is pioneering in providing a seamless and cost-effective experience for cross-chain trades. By facilitating swift and efficient trading across all assets, including Bitcoin, Unizen eliminates the need for manual bridge operations. This contributes to a smoother and more efficient trading experience for users, irrespective of the asset or the blockchain they are operating on.
Unizen’s ability to optimize trades and reduce slippage, paired with its advanced features like cross-chain trading, are integral components of the platform’s value proposition. These features not only save traders money but also offer them a more intuitive, straightforward, and profitable trading experience. This unparalleled commitment to user experience is a cornerstone of Unizen’s mission and a key reason for its growing popularity in the DeFi landscape.
Moralis & Unizen: Enriching the User Experience
In the pursuit of crafting a platform that prioritizes the user experience and efficiency, Unizen found a strategic partner in Moralis. Moralis’ APIs for wallet, token, and NFT balances, along with token prices, proved to be instrumental in the creation and enhancement of Unizen’s platform.
Moralis APIs are the bedrock upon which complex Web3 applications can be built and scaled. They take the heavy lifting out of development processes, allowing innovators like Unizen to focus on the unique value proposition and the core experience they want to deliver to users.
Unizen used Moralis’ Wallet API to fetch accurate, real-time data for balances, transactions, and prices. This tool enabled Unizen to consolidate data gathering to a single source, streamlining the integration process and improving the response times for their application.
For Unizen’s work with tokens and NFTs, Moralis Token API and NFT API have been invaluable. These APIs provide detailed information about ERC20 tokens and NFTs, such as token balances, transfers, prices, metadata, and ownership information. By integrating these APIs, Unizen has been able to deliver a richer, more informed trading experience to its users while at the same time saving a lot of engineering resources.