Uniswap (UNI)

Uniswap is a well-known decentralised trading system, best recognised for supporting automatic trading of decentralised finance (DeFi) tokens.

Uniswap, an example of an automated market maker (AMM), was created in November 2018 but has risen in popularity later as a result of the DeFi craze and the resulting rise in token trading.

Uniswap seeks to increase trading efficiency compared to traditional exchanges while maintaining token trading as fully automated and accessible to anybody who possesses tokens.

Uniswap increases efficiency by adopting automated methods to manage liquidity issues, avoiding the problems that plagued the early decentralised exchanges.

In September 2020, Uniswap took a step further by establishing and giving its own governance token, UNI, to former protocol users. This increased both the possibility for profit and the capacity for users to control its destiny – an attractive element of decentralised entities.

Uniswap was created as a way to promote AMMs on Ethereum to a larger number of people. Ethereum developer Hayden Adams is the founder of the platform.

While finishing Uniswap, Adams worked on a number of projects, and his work was directly impacted by Ethereum developer Vitalik Buterin. Buterin even came up with the name for the protocol, which was previously known as Unipeg.

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