Uniswap (UNI)
The pioneer of decentralized exchanges on Ethereum.
**Uniswap (UNI)** is the governance token of the **Uniswap Protocol**, the leading decentralized exchange (DEX)
that allows users to trade ERC-20 tokens directly from their wallets - without intermediaries.
Built on Ethereum, Uniswap introduced the **automated market maker (AMM)** model, enabling liquidity pools to replace traditional order books. This innovation transformed decentralized finance (DeFi) by providing instant, permissionless token swaps.
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Uniswap (UNI) Live Data
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Project Overview
Launched in 2018 by **Hayden Adams**, Uniswap became the backbone of decentralized trading on Ethereum. It allows anyone to create liquidity pools and earn fees by providing tokens.
The **UNI token**, introduced in 2020, grants holders governance rights to influence protocol upgrades, fee structures, and treasury allocation.
Uniswap has expanded to multiple chains, including **Arbitrum**, **Polygon**, and **Optimism**, extending its reach and reducing gas costs.
Key Insights
Uniswap is the largest and most trusted decentralized exchange in the crypto ecosystem.
Its AMM model inspired hundreds of DeFi projects and remains the benchmark for decentralized liquidity.
UNI holders participate in governance, shaping the platform's evolution toward full decentralization.
Common Questions About Uniswap
1. What is Uniswap (UNI)?
Uniswap is a decentralized exchange that lets users swap ERC-20 tokens directly on-chain without intermediaries.
2. What is UNI used for?
UNI is a governance token that allows holders to vote on Uniswap proposals and protocol upgrades.
3. How does Uniswap work?
It uses liquidity pools where users deposit pairs of tokens; prices adjust automatically via smart contracts using AMM formulas.
4. What chains support Uniswap?
Uniswap runs on Ethereum, Arbitrum, Polygon, Optimism, and several Layer-2 networks.
5. Is Uniswap safe?
It's one of the most audited and battle-tested DeFi protocols, though risks remain with liquidity pools and token volatility.
Market Context
Uniswap dominates the DEX sector, handling billions in daily trading volume. It's a cornerstone of the DeFi ecosystem, enabling permissionless access to liquidity and price discovery.
Its continued growth across multiple chains reinforces its position as the reference model for decentralized exchanges.