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Last Updated: December 21, 2022

Uniswap is a decentralized, automated market making protocol that provides peer-to-peer market-making and swapping of ERC-20 tokens on the Ethereum blockchain.


Built to solve the problem of high spreads for illiquid assets on order-book exchanges, Uniswap was initially a 2016 idea by Vitalik Buterin for a decentralized exchange with a unique, on-chain market maker. With the help of Hayden Adams, grants, and support from the Ethereum Foundation, Uniswap launched in 2018.



Uniswap launched


Uniswap V2 introduces ERC-20/ERC-20 swaps, price oracles, and flash swaps


Uniswap V3 launches with Concentrated Liquidity

What is Uniswap's place in the ecosystem?

Managed by a global community, UNI token holders and delegates govern the Uniswap Protocol through an on-chain governance process.

Experience a new breed of exchange.

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