Uniswap: Revolutionizing DEX and Token Swap - Ranked as Top Project in its Category
Uniswap is a popular decentralized exchange for ERC-20 tokens, with a market cap of $17.8 billion. Its website is user-friendly, with simple navigation and the ability to connect with multiple wallets. Uniswap operates through liquidity pools and an automated market maker model, which removes the need for order books. Users can provide liquidity to the pools and earn high-interest returns. Uniswap has its own governance token, UNI, which allows users to vote on proposals for the network's development. While there is a risk of high gas fees and impermanent loss, Uniswap is generally a safe and reliable platform for trading Ethereum-based tokens.