{"description":"<div>\n<p>Uniswap, established in 2018 and running on the Ethereum blockchain, is a popular decentralized trading protocol designed to facilitating automated trading of ERC-20 tokens (tokens hosted on the Ethereum blockchain).<\/p>\n<p>Traders directly interact with a smart contract that dictates the trade price between tokens removing the need for a central entity to help facilitate the trade.<\/p>\n<p>Liquidity providers add funds to the liquidity pool for each trading pair by depositing an equivalent value of the two tokens (e.g. AAVE and ETH). In the simplest way, when a trader draws from a liquidity pool, the mathematical formula will set the price so that the balance of ETH and AAVE remains in balance. Each trade generates a fee for liquidity providers.<\/p>\n<p>In 2020, Uniswap introduced the UNI token to enable community ownership over the protocol &ndash;furthering decentralization &ndash;by allowing stakeholders to vote on key protocol changes and development initiatives.<\/p>\n<p>Uniswap is one of the first and one of the largest decentralized exchange (or DEX). It allows users worldwide to trade crypto without an intermediary.<\/p>\n<\/div>","rankedCrypto":[{"coingeckoId":"polkadot","sortingRank":5},{"coingeckoId":"chiliz","sortingRank":3},{"coingeckoId":"apecoin","sortingRank":2},{"coingeckoId":"decentraland","sortingRank":1},{"coingeckoId":"internet-computer","sortingRank":0}],"cryptoCategories":{"Decentralized Finance (DeFi)":["uniswap","compound-governance-token","aave","lido-dao"],"Entertainment":["decentraland","chiliz","axie-infinity","apecoin","immutable-x"],"Currency":["stellar","ripple","litecoin","dogecoin","bitcoin-cash","bitcoin"],"Smart Contracts":["polygon-ecosystem-token","tezos","solana","polkadot","ethereum","cosmos","cardano","avalanche-2","algorand","hedera-hashgraph"],"Computing":["filecoin","chainlink","render-token","the-graph"]},"region":["CH","DE","AT"],"sophisId":153480020,"coingeckoId":"uniswap"}