Uniswap is a decentralised exchange protocol which launched on the Ethereum mainnet in November 2018. It was created by Hayden Adams who was trying to learn Solidity, the programming language of the Ethereum network. The idea of Uniswap had originally been laid out by Vitalik Buterin, in a Reddit post but Hayden thought it would be a cool idea to implement it in practice to train his Solidity skills. He later received a grant from the Ethereum Foundation to finish the project and launch it to the Ethereum mainnet.
Today, Uniswap shows average trading volumes of $450 million dollar per day, oftentimes even outperforming centralized exchanges like Coinbase or Gemini. When you trade on Uniswap, there is no intermediary between you and the Blockchain. The entire trade is orchestraded by smart contracts.
In this tutorial, we’ll explain how Uniswap works and how to make your first trade.
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