Uniswap is an iconic decentralized exchange built on the Ethereum blockchain. The automated market maker (AMM) represents a pivotal turning point for DeFi, and cryptocurrency revolutionized how traders navigate the digital asset industry.
Despite being a household name in the crypto market, the Uniswap protocol hasn’t rested on its laurels. After pioneering the technology behind 90% of all DEXes, Uniswap has expanded its offering to include an NFT aggregator and crypto wallet.
What exactly is Uniswap, and how does the forefather of decentralized, on-chain trading work? What are liquidity pools, and does this legendary dApp pose any risks to users?
What Is Uniswap?
Uniswap is a decentralized exchange that allows traders to buy and sell ERC-20 tokens directly on the blockchain. By executing trades via smart contracts, users don’t need to rely on central authorities and intermediaries to buy and sell…
