Uniswap
Also known as: Decentralized Exchange, Uniswap Protocol, DEX on Ethereum
A decentralized exchange protocol that allows users to trade tokens directly via automated market makers (AMMs).
Uniswap is a leading decentralized exchange (DEX) built on Ethereum that enables users to trade ERC-20 tokens directly from their wallets. Unlike traditional order books, Uniswap uses automated market makers (AMMs) and liquidity pools to facilitate trades. Users can also earn fees by providing liquidity. Uniswap pioneered the use of constant product formulas for pricing and has evolved through multiple versions (v1 to v4), introducing features like concentrated liquidity and hooks. It remains one of the most influential DeFi protocols for its simplicity, openness, and permissionless nature.