Uniswap

Brand Details

Type: Product

Description: Uniswap is a decentralized cryptocurrency exchange (DEX) built on the Ethereum blockchain. It uses a system of smart contracts and liquidity pools to allow users to trade cryptocurrencies without needing an intermediary like a traditional exchange. Instead of using an order book to match buyers and sellers, Uniswap uses an automated market maker (AMM) model. This means that users provide liquidity to pools of tokens, and the price is determined algorithmically based on the supply and demand within those pools. Users can earn rewards for providing liquidity. Uniswap is open-source, meaning its code is publicly available and can be used to create similar exchanges. The protocol has also introduced the UNI token, which allows community members to participate in governance decisions. As of February 1, 2025, Uniswap is considered a major player in the decentralized finance (DeFi) space.

Website: https://uniswap.org