Uniswap: Decentralized Cryptocurrency Exchange

Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. Its primary goal is to allow users to swap tokens without intermediaries or centralized exchanges. Launched in 2018, Uniswap has quickly become a leader in the DEX space thanks to its automated market maker (AMM) mechanism, ensuring liquidity for trades. The platform supports a wide range of ERC-20 tokens and is continuously evolving with new features and improvements.

All Uniswap transactions are transparent and recorded on the Ethereum blockchain. You can view any transaction by using blockchain explorers like Etherscan. Uniswap relies on Ethereum smart contracts, which automate and secure the swapping process. Every trade interacts directly with a contract, guaranteeing transparency and trustless execution.

You can store Uniswap's token (UNI) in any ERC-20 compatible wallet, such as Metamask, Trust Wallet, Ledger, or Trezor. For maximum security, using a hardware wallet like Ledger Nano S or Trezor is recommended to keep your private keys offline. UNI is also supported by leading centralized exchanges like Binance, Kraken, and KuCoin, as well as through decentralized platforms.

Uniswap (UNI) has experienced significant price swings, especially during the DeFi boom. Its market capitalization consistently ranks in the top 20 among cryptocurrencies, behind giants like Bitcoin, Ethereum, and Binance Coin. UNI's volatility is moderate, making it attractive for both long-term holders and short-term traders.

Uniswap primarily operates on the Ethereum network but also supports Polygon to reduce fees and increase speed. Other popular tokens in these networks include DAI, Tether (USDT), Shiba INU, Wrapped Bitcoin (WBTC), and other ERC-20 and ERC-721 tokens.

To make a Uniswap transaction, you need a small amount of ETH to pay for gas fees. The average gas cost fluctuates with network congestion, usually lower than Bitcoin but higher than Solana or Tron. On Polygon, fees are much lower, making Uniswap more accessible for smaller trades.

Uniswap is fully decentralized and eliminates the need for centralized trust. Its AMM model not only allows instant token swaps but also enables users to provide liquidity and earn a share of trading fees. Unlike PancakeSwap (on Binance Smart Chain) or SushiSwap, Uniswap pioneered the DEX space and continues to set the standard for decentralized trading.