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Uniswap

Exchanges · Dex · ★★★★★
★ Featured Open Source No KYC Spot On-chain

Non-custodial decentralized exchange protocol for swaps and liquidity provision on Ethereum and multiple compatible networks. v2/v3/v4 coexist; v3 uses concentrated liquidity while v4 adds hooks, dynamic fees and a singleton architecture.

Pros

  • Trade directly from a compatible wallet
  • Swaps and liquidity provision across multiple networks
  • Public code and developer documentation
  • v3 concentrated-liquidity pools and v4 hook extensions

Cons

  • Variable network costs separate from pool or interface fees
  • Slippage, price impact and MEV may affect transactions
  • Permissionless tokens and pools require contract and liquidity checks
  • Liquidity provision involves impermanent-loss and smart-contract risks

Features

On-chain spot swaps Liquidity provision Concentrated liquidity Hooks v4 Dynamic fees Accountless access Multinetwork Open source
#dex #ethereum #evm #amm #onchain #advanced

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