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Uniswap

Uniswap

Uniswap is an automated liquidity protocol on Ethereum.

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Contents
Overview

Uniswap is an automated market maker and a cryptocurrency exchange that uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.

History

Several people have been credited with contributing to the concept behind Uniswap. Alan Lu, for example, was the first person to think of x*y=k market makers on Ethereum, and Vitalik Buterin had the idea for the decentralized exchange (DEX) and started the virtual dialogue of it via his website. Ultimately, Uniswap was officially launched on November 2, 2018, by Hayden Adams, a former mechanical engineer at Siemens. He had received $100,000 from the Ethereum Foundation and other grants to build the DEX.

Prior to the launch of Uniswap, most exchanges handled their trades with an order book that matched buy and sell orders. However, there was a problem with illiquid assets because there was no incentive for market makers to provide their liquidity. Uniswap solves this by allowing everyone to become a market maker by adding their tokens in a pool, and it rewards them with the collected trading fees.

The first version (V1) of the Uniswap protocol was published in November 2018 as a proof-of-work for AMMs. Version 2 was launched in May 2020, and Version 3 was launched in May 2021, introducing new options to allocate liquidity within a certain price range. When Ethereum merged in September 2022 and shifted to using a proof-of-stake mechanism, Uniswap did as well.

In April 2020, Uniswap's website was taken down temporarily after hackers attempted to use a reentrancy hack on the exchange. Uniswap had been using the Lendf.Me protocol built on top of decentralized finance and lost less in the attack with an estimated $300,000 to $1,100,000 imBTC tokens stolen.

How to use Uniswap

Those wanting to use Uniswap must first launch the app and then connect their digital wallet. Wallets that are supported include MetaMask, CoinBase Wallet, and WalletConnect. Users can then select an ERC-20 token and swap it for a different coin.

The page that is seen after launching the app.

The page that is seen after launching the app.

Tokens

The governance token on Uniswap is called UNI, and holders of it own and govern the protocol. It went live in September 2020 with 60 percent of the genesis supply of the token going to the Uniswap community. 1 billion UNI tokens were minted and are becoming accessible through 2024. In addition to governance, holders of the token also have access to the UNI community treasury, the protocol fee switch, and other rewards.

NFTs

In November 2022, Uniswap launched a non-fungible token (NFT) marketplace aggregator. At its launch, it featured NFTs for sale on platforms such as OpenSea and NFT20. The marketplace allows users to swap tokens and NFTs at the same time, thus allowing them to save on gas fees.

Investors

The company behind Uniswap has received investments from venture capital firms including Andreessen Horowitz, Paradigm Venture Capital, Union Square Ventures LLC, and ParaFi.

Projects built with Uniswap protocol

Timeline

November 30, 2022
Uniswap launches its NFT marketplace.
June 29, 2021
CoinMarketCap launches token swap feature that uses Uniswap.

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

How do LIQUIDITY POOLS work? (Uniswap, Curve, Balancer) | DEFI Explained

https://youtu.be/cizLhxSKrAc

Web

July 20, 2020

Introducing UNI

Uniswap

https://uniswap.org/blog/uni/

Web

September 16, 2020

Uniswap - What is it?

https://www.youtube.com/watch?v=lVX_xYsjQ1U

Web

March 5, 2022

Uniswap - What is Uniswap?

https://youtu.be/SgAcSfS0P04

Web

November 16, 2021

Uniswap and Beyond -- How To Buy $BP - Beyond Protocol - Medium

Beyond Protocol

https://medium.com/@beyondprotocol/uniswap-and-beyond-how-to-buy-bp-3f9d66b904e4?source=search_post---------0-------------------------------

Web

October 1, 2021

References

uniswap.org
Is a
Organization
Organization
Cryptocurrency
Cryptocurrency
Company
Company

Company attributes

Industry
Digital currency
Digital currency
Trade
Trade
Financial inclusion
Financial inclusion
Tokenization
Tokenization
Currency exchange
Currency exchange
Cryptocurrency wallet
Cryptocurrency wallet
Financial exchange
Financial exchange
...
Location
United States
United States
New York City
New York City
41
B2X
B2B
B2B
CEO
Hayden Adams
Hayden Adams
Founder
Hayden Adams
Hayden Adams
Pitchbook URL
pitchbook.com/profiles...265762-45
Legal Name
Uniswap Labs
Subsidiary
Uniswap Labs Ventures
Uniswap Labs Ventures
Date Incorporated
December 2018
Spinout
Hermes DAO
Hermes DAO
miaswap
miaswap
Number of Employees (Ranges)
11 – 50
Investors
Blockchain Capital
Blockchain Capital
A.Capital Ventures
A.Capital Ventures
29
ParaFi Capital
ParaFi Capital
30
Cyberight Capital
Cyberight Capital
31
BAF Capital
BAF Capital
a16z crypto
a16z crypto
Fifth Era
Fifth Era
2020 Ventures
2020 Ventures
...
Founded Date
November 2, 2018
Email Address
contact@uniswap.org
contactsuniswap.org@gmail.com
media@uniswap.org
Phone Number
+18088255470
+18559142285
Total Funding Amount (USD)
341,000,000
Latest Funding Round Date
August 10, 2020
Competitors
Deri Protocol
Deri Protocol
myswap
myswap
MojitoSwap
MojitoSwap
Aave
Aave
‌
Sun.io
Injective Protocol
Injective Protocol
...
Business Model
Commerce
Transaction processing / marketplace
Stock Symbol
UNI
Exchange
Tokenize Xchange
Tokenize Xchange
Crex24
Crex24
ExMarkets
ExMarkets
Mercatox
Mercatox
Cryptology
Cryptology
BtcTurk Pro
BtcTurk Pro
Coinlist Pro
Coinlist Pro
PolyZap
PolyZap
...
Key People
‌
Michael Demarais
‌
Caleb Sheridan
‌
Noah Zinsmeister
‌
Callil Capuozzo
‌
Moody Salem
‌
Devin Walsh
Vitalik Buterin
Vitalik Buterin
Hayden Adams
Hayden Adams
Latest Funding Type
Series B round
Series B round
COO
‌
Devin Walsh
Motto/Tagline
Swap, earn, and build on the leading decentralized crypto trading protocol.
Wellfound ID
uniswap

Cryptocurrency attributes

Consensus Mechanism
Proof-of-stake
Proof-of-stake
Ticker Symbol
UNI
Genesis Block Date
April 19, 2018
Maximum Supply
1,000,000,000
Block Explorer URL
uniswap.org

Other attributes

Blog
uniswap.org/blog
Circulating Supply
718,838,109.04
CoinGecko ID
uniswap
Community Forum
coingecko.com/en/coins/uniswap
ru.investing.com/crypto...p/chat/
twitter.com/fund_defi
gov.uniswap.org
uniswap.org/blog
twitter.com/uniswapgrants
v2.info.uniswap.org/pair/...33a17/
cryptocompare.com/exchan...verview
...
Company Operating Status
Active14
Strategic Partnerships
Kuma Inu
Kuma Inu
Dimitra
Dimitra
GT Protocol
GT Protocol
Runtime Verification (company)
Runtime Verification (company)
15
Centerapp
Centerapp
RocketX exchange
RocketX exchange
The Paradox Metaverse
The Paradox Metaverse
16
0x
0x
...
Cryptocurrency Symbol
UNI
First Release
2018
Funding Round Amount (USD)
165,000,00028
Funding Round Investor
Polychain Capital
Polychain Capital
28
Latest Funding Round Amount (USD)
11,000,000
Layer 1 Technology
Ethereum
Ethereum
Market Capitalization
2,501,999,429
Owner
Hayden Adams
Hayden Adams
Partner Organizations
Hot Cross
Hot Cross
Supreme Finance
Supreme Finance
CoinMarketCap
CoinMarketCap
Stratis
Stratis
VIIIDA Gold
VIIIDA Gold
VIIIDA Gold
VIIIDA Gold
Dropstab
Dropstab
42
FUTURECOIN
FUTURECOIN
Platform
Polygon
Polygon
Ethereum
Ethereum
Source Code
polygonscan.com/token/0...7fb5180f
github.com/Uniswap/
blockscout.com/xdai/ma...26af9d74
bscscan.com/token/0xb...43a02ce9b1
etherscan.io/token/0x...c4201f984
hecoinfo.com/token/0x...5815c46e6
snowtrace.io/token/0x...D89ba8580
solana.fm/address/8F...QHL6SCeab36
...
Token Standard
HRC-2051
ERC-20
BEP-2052
UNI
SPL53
Total Supply
1,000,000,000
Wallet
trustwallet.com
coinbase.com
ledger.com
metamask.io
Wikidata ID
Q104438477

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