Uniswap is a leading decentralized exchange (DEX) protocol that revolutionized automated trading within the DeFi (decentralized finance) ecosystem. Introduced in November 2018, Uniswap operates as an automated market maker (AMM), allowing users to trade tokens directly from their wallets without intermediaries.
The platform’s primary goal is to make token trading open, efficient, and permissionless, providing a smooth alternative to centralized exchanges. As DeFi adoption grew, Uniswap became one of the most widely used DEX platforms for token swaps.
In September 2020, Uniswap launched its governance token, UNI, which was distributed to early users as a reward. The UNI token empowers the community to propose and vote on protocol changes, reinforcing Uniswap’s decentralized governance model while giving users a stronger voice in shaping its evolution.
Reference: CoinMarketCap