DEX

Uniswap is a decentralized exchange (DEX) that has brought significant changes to the DEX landscape. Prior to Uniswap, there were other DEXs such as EtherDelta, Bancor, 0x, and KyberSwap, but they were not user-friendly and lacked liquidity, token availability, and favorable fees. However, Uniswap changed the game when it was introduced. Uniswap V0 was released in November 2018, and by the first half of 2019, the Total Value Locked (TVL) reached around 2 billion yen. Since then, it has continued to grow steadily, and as of July 2020, there is approximately 9 billion yen worth of assets locked in Uniswap. Additionally, the emergence of various Uniswap-like DEXs has further increased convenience. These services, like Uniswap, are referred to as Automated Market Makers (AMMs).

Uniswap was developed by Hayden Adams, an individual without the support of a startup or venture capital. After being laid off from his first job at Siemens in 2017, he discussed his situation with a friend who suggested that developing on Ethereum would be a good opportunity. This led Adams to start developing Uniswap.

What sets Uniswap apart from other DEXs is the "Pool" feature located in the top right corner of the image. It allows anyone to provide liquidity for ETH/ERC20 token pairs and even add new token pairs if they don't already exist.

It is important to note that Uniswap's protocol is immutable, meaning that once assets are deposited, only the depositor can withdraw them. This ensures the security and integrity of the platform. Additionally, Uniswap allows for easy listing of ERC20 tokens, making it accessible to anyone.

In summary, Uniswap has revolutionized the DEX landscape with its user-friendly interface, liquidity provision opportunities, and fair transaction fees. Its creator, Hayden Adams, has made significant contributions to the development of the platform. With its immutable protocol and easy token listing, Uniswap has become a popular choice for decentralized trading.