The leading decentralized exchange protocol built on Ethereum, enabling permissionless token swapping using automated market makers.
Uniswap is a decentralized exchange protocol that allows users to swap ERC-20 tokens without relying on traditional order books. Instead, it uses an automated market maker (AMM) system with liquidity pools.
Since its launch in 2018, Uniswap has processed over $1 trillion in trading volume and continues to be the most popular DEX in the Ethereum ecosystem, pioneering innovations like concentrated liquidity in V3.
x × y = k
Where x and y are token reserves
On every swap in your pool
Provide liquidity within specific price ranges for up to 4000x capital efficiency compared to V2.
Choose from 0.05%, 0.3%, and 1% fee tiers based on pair volatility and risk tolerance.
Create limit order-like functionality by providing liquidity above or below current price.