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)?
Uniswap is a decentralized exchange (DEX) project which features smart contracts that run on top of the Ethereum (ETH) blockchain.
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