What is Uniswap?
Uniswap is an open source, decentralized protocol for automated token exchange on the Ethereum blockchain.
It was created in 2018 by Hayden Adams and is now managed by a team of developers from the Ethereum Foundation. Uniswap allows users to easily swap between different ERC-20 tokens without having to go through a centralized exchange. The protocol uses a unique liquidity pool system that allows users to provide liquidity for token pairs and earn fees from trades.
Uniswap also provides a platform for developers to create their own decentralized applications (dApps) that use the protocol’s features. Uniswap has become one of the most popular decentralized exchanges in the cryptocurrency space, with over $2 billion in total value locked in its pools as of May 2021.
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