Uniswap (UNI) - The Leading Decentralized Crypto Exchange

Uniswap is a popular decentralized trading protocol that facilitates the automated trading of decentralized finance (DeFi) tokens.
The Uniswap blockchain is open-source software, meaning that anyone can view and contribute to the blockchain's code.The stated purpose of Uniswap is to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading versus that on traditional exchanges.Uniswap allows users to swap ERC20 tokens without the need for buyers and sellers to create demand. Thanks to the Automated Market Maker (AMM) mechanism, there is no order book or any centralized party required to make trades.Uniswap (Symbol: UNI) is the governance token for Uniswap.
UNI tokens appear as ERC-20 tokens on Ethereum, and allow holders to influence the direction of the Uniswap project.UNI token can be used for the following purposes:Uniswap project was launched in November 2018 by founder Hayden Adams as a plan to introduce AMMs on Ethereum to a wider audience.
In September 2020, UNI token was released and was regarded as a further step of Uniswap to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.In September 2020, UNI token launch included an airdrop of 400 UNI tokens to any ETH address that had completed a transaction on the network before September 1st of that year.In 2020, Uniswap v2 launched, enabling direct swaps between essentially any ERC-20 token on Ethereum.Shortly afterward, Uniswap v3 has been deployed to the Ethereum mainnet, providing better capital efficiency and accuracy.In contrast to most conventional digital exchanges, Uniswap does not have an order book. It operates using an Automated Market Maker (AMM) model variant called Constant Product Market Maker.
The Uniswap blockchain, which acts as an electronic ledger, is continually updated to reflect the trading activity occurring among Uniswap users.
Uniswap stands out among other blockchain networks with the following prominent features:
As one of the most popular platforms in the DeFi ecosystem, Uniswap succeeds in maintaining its present top-tier DEX position.
At the beginning of 2021, Uniswap released Uniswap v3 which had enhancements to help users maximize capital efficiency, demonstrating that this project has never rested on its laurels, and UNI is definitely a worthy investment in the long term.Explore all the trending topics and hottest news in the crypto market with our Blogchain.Meanwhile, play trading game and earn real tokens with CryptoSim - Virtual Trading Game.