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DEX / AMM$UNITVL: $5B+
Uniswap
About Uniswap
Uniswap is the largest decentralised exchange by volume and the pioneer of the Automated Market Maker (AMM) model. Uniswap V3 introduced concentrated liquidity, allowing LPs to allocate capital within custom price ranges for dramatically improved capital efficiency. Uniswap V4 (upcoming) introduces hooks — plugins that allow developers to customise pool behaviour.
Key Features
- Concentrated liquidity (V3)
- Permissionless token listings
- Multi-chain deployment
- Governance via UNI
- NFT position management
- Price oracles
- Universal Router
- Hooks framework (V4)
Risks
- Impermanent loss for LPs
- Smart contract risk
- MEV extraction on trades
- Front-running risk
- Concentration risk in narrow LP ranges
Community & Socials
More DEX / AMM Protocols
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Aerodrome Finance
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Raydium
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Balancer
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