What is Uniswap?
A Complete GuideThe Uniswap Protocol is the largest decentralized exchange for swapping cryptocurrency tokens on Ethereum and other popular blockchains. Launched in 2018, it is the world's largest and most popular decentralized exchange, with over $1.8 trillion in trading volume and 350 million swaps.As of today, the Uniswap Protocol is the fifth largest application on Ethereum with over $4 billion in total value locked (TVL). The protocol consistently does billions in weekly trading volume and is the most popular decentralized exchange by volume on Ethereum mainnet, Polygon, Arbitrum, and Optimism.
The Uniswap exchange login is a decentralized marketplace to swap cryptocurrencies on the Ethereum blockchain. It exists as a set of persistent, non-upgradable smart contracts. That means that no one controls the codebase. The Uniswap Protocol's code cannot be changed or modified and will run as long as the blockchain is functional, even if Uniswap Labs disappears tomorrow. Anyone can deploy the Uniswap Protocol contracts on any blockchain. The Uniswap Protocol is already on several blockchains, like Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, and Celo.People use the Uniswap Protocol primarily for two reasons:Swapping. The Uniswap Protocol is a decentralized exchange (DEX). Unlike traditional exchanges, decentralized exchanges are unique because they allow users to swap tokens without third parties facilitating the transaction or taking control of funds. Swapping on the Uniswap is completely self-custodial, which means you always retain control of your assets — and no third party can take or misuse your funds.