Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain, employing automated market-making (AMM) through smart contracts. Its native token is UNI. More
| Fully Diluted Valuation | $10.61B |
|---|---|
| 24H Trading Volume | $595.02M |
| 24H Low / High | $10.56 / $ 11.19 |
| Circulating Supply | 600.48 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Decentralized Exchange (DEX) 28 more |
|---|---|
| Founder | Hayden Adams |
| Website | uniswap.org |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 12 more |
| Explorer | Arbiscan 9 more |
| Contracts | 0x1f9....1f984 12 more |
| Name | Pair | OG Score |
|---|
Uniswap, a decentralized finance (DeFi) protocol founded by Ethereum developer Hayden Adams in 2018, has emerged as a force in the cryptocurrency space. At its core, Uniswap operates as an automated liquidity protocol on the Ethereum blockchain, enabling users worldwide to trade ERC-20 tokens without intermediaries. Let's delve into the key features, uniqueness, and the captivating journey of Uniswap.
The Uniswap Ecosystem
Uniswap's key innovation lies in its automated market-making (AMM) system, a departure from traditional centralized exchanges. Uniswap employs smart contracts that create liquidity pools, allowing users to trade against reserves of tokens. These smart contracts enable token exchanges or liquidity provision, where users earn fees as liquidity providers.
The AMM mechanism follows a Constant Product Market Maker Model (x*y=k), where smart contracts automatically rebalance reserves, ensuring tokens can be bought or sold without the need for a counterparty. This unique approach enhances efficiency and user experience compared to conventional exchanges.
Noteworthy Features
Uniswap's standout features include its decentralized nature, removing the need for order books and enabling permissionless trading. Liquidity providers earn passive income through trading fees, and the protocol allows users to lend their crypto to earn fees. Listing tokens on Uniswap is free, a departure from the norm in traditional exchanges.
UNI Governance Token
UNI, Uniswap's governance token, plays a pivotal role in the ecosystem. UNI holders can vote on protocol updates, changes, and participate in the governance of the platform. The total supply is set at 1 billion units, with a unique distribution strategy that includes airdropping 400 UNI to each Ethereum address that had interacted with Uniswap before September 1, 2020.
Evolution and Versions
Uniswap has seen several deployments, with the latest being V3, launched in May 2021. Each version brings improvements, with V3 enhancing capital efficiency for liquidity providers and refining the trading experience.
Security and Where to Buy UNI
Uniswap's security relies on the decentralized nature of the Ethereum blockchain and its ERC-20 token standards. UNI tokens are traded on major exchanges such as Binance, Huobi, and Coinbase Pro. Alternatively, users can directly trade on the Uniswap exchange by connecting their wallets to the Uniswap app.
Uniswap DAO: Empowering the Community
Uniswap's decentralized autonomous organization (DAO) boasts over 310,000 members who can vote on treasury, governance, and roadmap decisions. UNI holders can submit proposals, actively participating in shaping the platform's future.
In conclusion, Uniswap stands as a beacon of decentralized trading, providing a trustless and efficient platform for users globally. Its commitment to community governance, unique token distribution, and constant evolution make Uniswap a driving force in the ever-evolving landscape of decentralized finance.
Uniswap's decentralized autonomous organization (DAO) boasts over 310,000 members who actively participate in decisions regarding treasury, governance, and roadmap. UNI holders, acquired through a unique airdrop strategy, can submit proposals and vote on the platform's future.
Uniswap revolutionizes decentralized trading by employing an automated market-making (AMM) model, eliminating the need for order books. Its smart contract-driven liquidity pools and the UNI governance token empower users globally, offering a trustless and permissionless trading experience.
Uniswap was founded by Ethereum developer Hayden Adams in 2018. Adams, inspired by Ethereum creator Vitalik Buterin, introduced AMMs to a wider audience, creating a decentralized exchange that addresses liquidity challenges.
Uniswap's funding distribution includes 60% to community members, 21.51% to team members, 17.8% to investors, and 0.69% to advisors. The distribution occurs over a four-year vesting schedule, fostering long-term commitment and community involvement.
You can buy Uniswap (UNI) on Binance, Gate.ioBitgetBybitOKX cryptocurrency exchanges.
