Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies and tokens without the need for intermediaries.
It operates on the Ethereum blockchain and leverages smart contracts to facilitate automated trades and ensure the integrity of transactions. Uniswap was launched in 2018 and quickly became popular due to its simple and intuitive user interface, as well as its low fees and fast transaction times.
The platform operates as an Automated Market Maker (AMM) and uses a mathematical algorithm to determine token exchange rates and ensure liquidity. This allows for easy trading of tokens without the need for order books, making it accessible to anyone with an Ethereum wallet.