Uniswap

Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain that enables users to swap various cryptocurrency tokens directly from their wallets without the need for a centralized intermediary. It operates on an automated market maker (AMM) model, allowing users to provide liquidity by depositing cryptocurrency pairs into liquidity pools, which subsequently facilitates trading. Uniswap utilizes smart contracts to automate the trading process, ensuring security and transparency, and has gained significant popularity for its user-friendly interface and ability to trade without the need for traditional order books.