Uniswap - what is crypto Uniswap | Uniswap price today, marketcap and chart

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What is Uniswap (UNI)?

Uniswap is software that runs on top of Ethereum developed to incentivize a global network of users to maintain an exchange where cryptocurrency tokens can be bought and sold by traders. Uniswap uses a collection of liquidity pools to make this a possibility. In exchange for the maintenance of the liquidity in these pools, providers are rewarded with a portion of the trading fees as well as the UNI cryptocurrency, which gets minted. Deposits in the pools play a huge role in the operations on Uniswap, and users can buy as well as sell cryptocurrencies from these pools by swapping out one token for another.

Who are the founders of Uniswap (UNI)?

Uniswap was released initially in 2018 by Hayden Adams. In 2020, we saw the launch of Uniswap V2 which enabled direct swaps between any token on Ethereum. Additionally, Adams worked on various projects alongside Uniswap, and his work was informed by Ethereum creator Vitalik Buterin, who gave the protocol's name. In May of 2021, we saw the release of Uniswap V3, an upgrade that made the Uniswap protocol powerful with concentrated liquidity, better executions for traders, and a superior infrastructure for decentralized finance (DeFi).

What makes Uniswap (UNI) unique?

Uniswap is a network specifically designed to facilitate buying and selling of cryptocurrency assets in a way that can mirror a traditional exchange; however, instead of relying on a centralized authority, it relies on smart contracts which allow users to deposit cryptocurrency assets in a way that can be programmatically accessed. It exists to create liquidity for the DeFi part of the crypto world and attempts to solve issues that other platforms have been experiencing, such as liquidity. Users which trade against assets in the pool can pay a fee that is distributed throughout all liquidity providers on a proportional basis, based on the contributions they have made to that specific pool.