DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$6.19B+5.7%
in ETH2.5M ETH-0.7%
in BTC158.5K BTC-4.0%
ETH Locked991.9K ETH-20.7K ETH
% Supply Locked0.85%
Blockchain
Ethereum
Most Locked$ETH
Protocol Token-

Total Value Locked (USD) in Uniswap

  • TVL (USD)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Uniswap?

Uniswap is a fully decentralized on-chain protocol for token exchange on Ethereum that uses liquidity pools instead of order books. Anyone can quickly swap between ETH and any ERC20 token or earn fees by supplying any amount of liquidity. And anyone can create a market (i.e., liquidity pool) by supplying an equal value of ETH and an ERC20 token. Uniswap allows only one market per ERC20 token. The market creator sets the exchange rate, which shifts through trading due to Uniswap’s “constant product market maker” mechanism. When trading reduces one side of the pair’s liquidity relative to the other, the price changes. This creates arbitrage opportunities, encouraging more trading. Uniswap has no native token, but each liquidity pair is represented by a unique, freely-transferable ERC20 token. All fees (0.3% per trade) are added to the relevant liquidity pool; thus all fees go to liquidity providers in proportion to their share of the pool’s liquidity. Liquidity providers can add to or withdraw their funds at any time. With larger price changes, liquidity providers suffer an “impermanent loss.” The loss diminishes as prices return to their level at the time liquidity was supplied. With sufficient trading volume, fees earned may offset this loss.


How to use Uniswap?

The main Uniswap interface is the best place to swap tokens, create a market, or manage your liquidity pool. You can also see your token balances, current exchange rates, and and your share of the liquidity pool.

Integral Aims to Win the AMM Wars

There’s a new automated market maker (AMM) on the block, and it has the infrastructure to shake things up in DeFi. The protocol’s tech, which allows the decentralized exchange to feast on the liquidity of other exchanges, is uniquely advantageous for liquidity providers (LPs), so now the race is on to see how many users …

2021-05-31Read more >

Founder Fireside Chat with Ross Middleton of DeversiFi

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. Another week, another intriguing chat to share with you all. For this week’s Founder Fireside Chat, we spoke with Ross Middleton, Co-Founder …

2021-05-21Read more >

Slingshot – A Next Generation Decentralized Trading Platform

Did you know that the combination of how the Earth’s gravity warps spacetime and the speed at which a satellite travels effectively allows satellites to time travel into the future nanoseconds at time? If you wanted to time travel, theoretically you’d need two things: a massive black hole and and an incredibly fast spacecraft.  Many …

2021-05-12Read more >

AMA with Slingshot CEO Clinton Bembry Jr.

This AMA session with Slingshot CEO Clinton Bembry Jr. occurred on May 7th, 2021. The following is a transcription of the live from DeFi Pulse’s AMA Discord channel. To participate in future AMAs, please join our Discord and follow us on Twitter. Chaz Schmidt: Hello and welcome @everyone! Thank you for joining us today for …

2021-05-12Read more >