Uniswap

TradingKey19 hours ago

Uniswap is currently the largest decentralized exchange (DEX) by trading volume on the Ethereum blockchain, enabling users to swap ERC20 tokens freely.

While dYdX has a higher trading volume than Uniswap, it operates using an order book instead of liquidity pools.

The UNI token serves as Uniswap’s governance token, allowing users to participate in the governance of the project.

Uniswap was the first to implement the automated market maker model, where users contribute Ethereum tokens to liquidity pools, and algorithms set asset prices.

Users who provide tokens to these pools receive rewards for their contributions.

As of July 2022, Uniswap boasts a Total Value Locked (TVL) of USD $6.05 billion and over USD $2 billion in trading volume.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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