#Crypto Word Of The Day #

Uniswap

Uniswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain. It allows users to trade various digital assets using an automated market maker (AMM) model, eliminating the need for traditional order books.

Initially inspired by Ethereum co-founder Vitalik Buterin's concept of an on-chain automated market maker, Uniswap was created by Ethereum developer Hayden Adams in 2018.

Uniswap has grown to be a leader in the DEX market, boasting significant trading volumes and deeper liquidity compared to other DEXs. As of 2023, Uniswap ranks among the top DEXs based on various metrics such as trading volume, liquidity, and number of active users.

Uniswap has undergone various iterations, launching Uniswap V2 in 2020 and Uniswap V3 in 2021. In June 2023, Uniswap released the draft code for Uniswap V4, which includes major new functionalities.