Uniswap Protocol (UNI): What Is It & How Does It Work?

Uniswap Protocol (UNI): What Is It & How Does It Work?

What Is Uniswap? Uniswap is a decentralized exchange that allows peer-to-peer market-making and trading of digital assets that uses the native UNI ERC-20 token for transactions and incentivization. The Uniswap blockchain is hosted on the Ethereum platform and governed by UNI holders. Well over $1 trillion has been traded on Uniswap since the project was…