Uniswap is a decentralized cryptocurrency exchange protocol built on Ethereum, enabling automated token swaps through liquidity pools.
Description: Uniswap is a leading decentralized exchange (DEX) protocol on the Ethereum blockchain, launched in November 2018 by Hayden Adams. It uses an automated market maker (AMM) model, allowing users to trade ERC-20 tokens without an order book. Liquidity providers deposit token pairs into pools and earn fees. Uniswap has undergone multiple upgrades: v1 (2018), v2 (2020), and v3 (2021) with concentrated liquidity. Its native token, UNI, governs the protocol. Uniswap is a cornerstone of DeFi, facilitating billions in trading volume.
