Uniswap 101

Uniswap uses decentralized exchanges and operates on the Ethereum blockchain. Unlike a traditional trading platform, P2P crypto transactions can be performed in any currency without orders.

The Uniswap solution combines a liquidity pool structure which leverages automatic smart contracts and enables prospective trade partners to use user-funded tokens as a source of market liquidity in real time.

Anyone can exchange tokens, share tokens, in their pools or earn tokens.

Because Uniswap is built on Ethereum, most ERC-20 tokens can easily be exchanged through UNISWAP.

Uniswap - Buy & Sell Cryptocurrencies | Uniswap

UniSWAP uses decentralized network protocols. No entity owns or operates the platform using the relatively recent automated liquidity protocol.

These exchanges are also open source. So users can copy this code for their decentralised exchange system. Users also have the quick option to buy tokens online for free.

Normal centralised exchange systems have a high profit potential and are very expensive for new currency listings. There are enormous differences here.

What is Uniswap?

Definition Uniswap is the most decentralized exchange based on Ethereum blockchains. It provides users worldwide with easy to trade in cryptos with no intermediaries.

In April 2021, the UNI blockchain became the fourth-biggest cryptocurrency by market cap by Coinbase. It has an overall value over $18billion.

Uniswap was one of the first decentralized financing apps to be introduced on Ethereum.