Uniswap Latest News
- Ledger Plans To Move To Web3 After Unveiling "Ledger Connect" - Tokenhell
- Most big cryptocurrencies climb on Uniswap, Ethereum increases - MarketWatch
- How is Quitriam Finance (QTM) Disrupting the Crypto World? Can it Become the King of ...
- Decentralised platforms changing the world one cryptocurrency at a time - Nairametrics
- 3 CRYPTOCURRENCIES That Could Help You Become A Millionaire: MEHRACKI (MKI ...
- Most big cryptocurrencies climb on Uniswap, Ethereum increases - MarketWatch
- Cryptocurrency Uniswap's Price Increased More Than 7% Within 24 hours - Benzinga
- Uniswap Price Analysis: Bulls aim to break the bearish trend line, but How? - Cryptocurrency News
- Best Defi Coins for Long-term Gains in 2022 - CryptoMode
- Our pick of the top DeFi Coins - Crypto News BTC
- Metaverse Coins Ready to Explode in Q2 2022: Enjin Coin (ENJ) and Mushe Token (XMU)
- Three Cryptocurrencies Swapping Out the Old With the New: Uniswap (UNI), Firepin (FRPN ...
- Our pick of the top DeFi Coins | HeraldScotland
- Forex News May 2022 - Tokenhell
- Uniswap price analysis: Bulls charge as UNI/USD spikes by 10.36% - Cryptopolitan
About Uniswap
It has a circulating supply of 301,642,481 UNI coins and a max. supply of 1,000,000,000 UNI coins.
The top exchanges for trading in Uniswap are currently Binance, Huobi Global, OKEx, HBTC, and Dsdaq. You can find others listed on our crypto exchanges page.
What Is Uniswap (UNI)?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
Who Are the Founders of Uniswap?
Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams.
Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg.
Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017.
What Makes Uniswap Unique?
Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere.
One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap.
Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity.
By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens.
According to Uniswap, their governance token (UNI) was created in order to “officially enshrin[e] Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”
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