Uniswap (UNI) is a prominent decentralized exchange (DEX) that operates on the Ethereum blockchain. Launched in November 2018, Uniswap operates as an automated market maker (AMM) utilizing algorithms to provide liquidity to the market and set token prices. This platform enables users globally to engage in automated trading of decentralized finance (DeFi) tokens without the need for intermediaries. Uniswap was an early adopter of DeFi on Ethereum and has since become one of the leading cryptocurrencies on platforms like Coinbase based on market capitalization. In September 2020, Uniswap introduced its governance token, UNI, offering users rewards and the ability to participate in shaping the platform's future.
