Uniswap

Uniswap is a decentralized cryptocurrency exchange that runs on the Ethereum blockchain. It uses an automated market maker system that allows users to trade cryptocurrencies without the need for traditional market makers or order books. Instead, users trade with smart contracts that automatically execute trades based on the current market price. Uniswap allows users to exchange ERC-20 tokens, which are tokens built on the Ethereum blockchain, and it currently supports over 10,000 different tokens. Uniswap’s unique approach to trading removes the need for intermediaries and centralized exchanges, making it more accessible, cheaper, and faster than many traditional exchanges. The popularity of Uniswap has grown rapidly in recent years, driven by the increasing demand for decentralized finance (DeFi) applications and the expansion of the Ethereum ecosystem. As more people seek to engage in decentralized trading and earn passive income by providing liquidity to Uniswap pools, the platform is poised to continue its growth and play an increasingly important role in the DeFi space.