Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade Ethereum-based tokens without relying on a central authority. It uses an automated market maker (AMM) model, which means trades are made directly from liquidity pools created by users, rather than matching buy and sell orders like traditional exchanges.
Uniswap is popular in the DeFi (Decentralized Finance) space, enabling token swaps, liquidity provision, and yield farming. Users can also earn fees by providing liquidity to the pools. Uniswap’s decentralized nature ensures more privacy and control for users while maintaining transparency.