Uniswap
Uniswap is a decentralized cryptocurrency exchange (DEX) protocol built on blockchain technology.
History
Introduced in 2018, it facilitates the automated exchange of various cryptocurrencies without the need for intermediaries. Uniswap operates based on an automated market-making (AMM) mechanism, which allows users to trade directly from their wallets. It uses liquidity pools, where users can provide their funds to support trading pairs and earn a share of the trading fees. The protocol is known for its simplicity and accessibility, making it a popular choice in the decentralized finance (DeFi) ecosystem. Uniswap's open-source nature has also contributed to its adoption and innovation, with other projects building on top of its codebase. Its design has influenced the development of subsequent decentralized exchanges and liquidity protocols.