Decentralized Exchange

Looking at the ecological panorama on the Ethereum chain, we can see that Decentralized Exchange (DEX, Decentralized Exchange) plays an extremely important role in DeFi - it allows people to freely exchange various assets on the chain without using Take the risk of running away from traditional exchanges.

Uniswap is a decentralized trading platform protocol built on Ethereum. Rather, it is an automated liquidity protocol. There is no need to use any order book in the transaction, and there is no need for any centralized party to intervene. Uniswap supports users to skip intermediaries to directly trade, bringing a high degree of decentralization and censorship resistance.

Uniswap was launched in 2019, and now it is the number one DEX in the EVM ecosystem. The latecomers, including Sushiswap, Pancakeswap, etc. are all Fork codes from Uniswap.