The Automated Liquidity Protocol Utilized for Token Swaps On-Chain.
Uniswap (UNI) Fact Sheet
- Uniswap is essentially a project that fills the role of being a decentralized exchange (DEX) protocol that is built on top of the Ethereum (ETH) blockchain and offers non-custodial trading of any ERC-20-based tokens.
- There have been numerous versions of Uniswap. These include Uniswap V1, Uniswap V2, and Uniswap V3, all of which have brought numerous improvements and updates to the overall functionality.
- Uniswap allows users to swap tokens, add tokens to a pool to earn fees, or even list tokens without trusting any central intermediary. Because all of the transactions are done on-chain and cost fees in the form of gas, Uniswap is one of the most active contributors towards gas usage on Ethereum.
- Uniswap is built on a system known as an Automated Market Maker (AMM), and liquidity is created by pools that have two ERC-20 tokens.
- UNI is the native cryptocurrency that powers the Uniswap protocol, and it is an ERC-20 token based on the Ethereum network.
UNI Historical Data Price Chart in the U.S. Dollars (USD)
What is Uniswap (UNI)?
Understanding all aspects or components of the Uniswap ecosystem is important first.
- Uniswap Labs is the company that is responsible for the development of the Uniswap platform as a whole.
- The Uniswap Protocol is the underlying software of how the decentralized exchange (DEX) act