Uniswap (UNI) is a decentralized exchange (DEX) built on the Ethereum blockchain that has gained significant popularity in recent years. It was launched in 2018 and has since grown to become one of the largest and most used DEXs in the market. Uniswap utilizes a unique automated market maker (AMM) system, allowing for seamless and efficient trading of tokens without the need for order books or intermediaries.
One of the key features of Uniswap is its liquidity pools, which are pools of assets that are used to facilitate trades. Users can provide liquidity to these pools by depositing assets and receive liquidity tokens in return. These liquidity tokens can be traded on the platform, providing an additional source of income for liquidity providers. Additionally, Uniswap also offers a governance token (UNI) which gives holders the ability to vote on protocol upgrades and changes. With its innovative approach and growing community, Uniswap has solidified its position as a leading player in the decentralized finance (DeFi) space.
