What is Uniswap?
Key Takeaways Launched in 2018, Uniswap is the largest decentralized spot exchange (DEX) by trading volume, processing over $3.7 trillion in cumulative swaps across v2, v3, and v4 deployments. Rather than matching buy and sell orders through an order book, Uniswap relies on smart contracts and liquidity pools governed by a constant-product pricing algorithm (x×y=k). […]
