What is Uniswap?
Uniswap is a decentralized exchange (DEX) gaining popularity every day. This marketplace operates on the Ethereum blockchain. Uniswap is designed as a public good, namely, it acts as a mechanism that allows market participants to trade tokens without any intermediaries or government fees. Uniswap uses a simple mathematical equation to determine prices and make transactions, tokens and ETH, by which buyers and sellers are matched. Compared to most other exchanges, these two features are exceptional.
As open source software, the Uniswap platform provides the latest technology and solutions within DeFi. There is no listing process on the Uniswap protocol, and exchange members are free to switch between ERC-20 tokens without having to keep a book of bids. The control token for this DEX network? UNI currency token.