Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Series B | $165M | $1.7B | Oct 13, 2022 | |
Series A | $11M | $79M | Aug 06, 2020 | |
Seed | $1M | $45M | Apr 01, 2019 |
Uniswap is the first decentralized token exchange protocol built on Ethereum, which allows users to directly exchange tokens without the need for a centralized exchange. The Uniswap protocol relies on third-party liquidity providers. Liquidity providers (LP) deposit tokens into liquidity pools, and trades for specific token pairs are matched by automated market makers (AMM). As a reward for providing liquidity, LPs earn transaction fees generated by the pool. Any ERC-20 token can be listed on Uniswap by anyone, as long as there is liquidity available for the token pair.
Launched in 2018 by Hayden Adams, Uniswap is the largest and most popular decentralized exchange in the world, with trading volume exceeding $1.50 trillion and 250 million swap transactions. As of now, the Uniswap protocol is the fifth largest application on Ethereum, with a total locked value (TVL) of over $4 billion. During the DeFi summer of 2021, Uniswap surpassed the centralized exchange Coinbase in trading volume. The protocol consistently reaches billions of dollars in weekly trading volume and is the most popular decentralized exchange on the Ethereum mainnet, Polygon, Arbitrum and Optimism.
Uniswap launched Uniswap V4 in 2023. The main features include: Native ETH was introduced, allowing users to trade between ETH and other tokens directly in Uniswap V4. The customizability and liquidity of DEX have been improved through measures such as Hook function and internalized MEV profit distribution back to LP. The TWAMM algorithm and limit trading function have been introduced to improve the efficiency of price discovery and the trading experience of users.
Above are only for introduction, not intended as investment advice.