Uniswap
Last updated
Last updated
Uniswap is a decentralized exchange (DEX) based on the Ethereum blockchain that launched in November 2018. Uniswap uses an automatic token maker (AMM) model that allows users to exchange tokens directly with each other, without the need for book order and market makers. One of the key features of Uniswap is its liquidity. Liquidity on Uniswap is provided by creating liquid pools into which users can deposit their tokens. These tokens can then be exchanged by other users, and the user who provided the liquidity receives a commission for each exchange. Currently, Uniswap is one of the most popular decentralized exchanges in the world, with turnover of billions of dollars per year. According to data from CoinMarketCap, Uniswap currently has the third-largest turnover among all decentralized exchanges, with a total turnover of over $300 billion over the past year. Additionally, Uniswap is one of the key platforms in the decentralized finance (DeFi) space, and its use to create new DeFi applications and protocols is becoming increasingly popular. Overall, Uniswap is one of the most important and influential platforms in the cryptocurrency and blockchain space, and its popularity and importance continues to grow every day.
