Uniswap has a price of $ 5.04 with a marketcap of $ 2.33 B. It ranks number 27 of all cryptocurrencies.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance tokens. An example of an automated market maker, Uniswap is launched in November 2018 and has gained popularity thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating its own governance token, UNI. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.