What is Universe (UNIV) crypto and why is its volume up over 2500%?

April 25, 2022 05:00 PM AEST | By Raza Naqvi

What is Universe?

As per the official website, Universe is a DeFi-as-a-Service (Daas) provider on the Avalanche network. Decentralized Finance has become popular over the years, and DaaS providers are looking to address the gap in the adoption of DeFi services at an industrial level and make them mainstream in business and personal use.

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Universe claims that its users can earn a passive income up to 1,113 per cent annual percentage rate (APR), explore non-fungible tokens (NFTs) and the metaverse.

Also, users can create their planet through NFTs and earn lifetime rewards, as claimed by the Universe protocol.

The network takes Universe liquidity from the fees collected to make high-return interests and then gives it back to UNIV holders, the native utility token of the Universe protocol.

Universe protocol claims to have made a public investment fund for the users to provide DeFi high-yield protocol rewards. Meanwhile, it is also planning to launch new metaverse features.

The protocol claims that soon users will be able to buy and sell plots of land in the metaverse. Also, a play-to-earn game will be launched for users to win exclusive NFTs.

Bottom line

There are thousands of cryptocurrency projects in the market, but not all are trustworthy. Therefore, exercising caution before starting trading in virtual currencies is necessary.

The volume surge of UNIV crypto could be due to an increased selling as the price is dropping significantly.

The UNIV crypto is among lesser-known cryptocurrencies, and its data like market capitalization and circulating supply are unknown. Hence, it would help to research before trying your luck with the UNIV crypto.

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