Uniswap

Uniswap Exchange Review

Uniswap Overview

  • Uniswap allows for the automated, decentralized exchange of ERC-20 tokens. Their goal is to lower the barrier of entry to financial markets by making it easy to join the decentralized finance (DeFi) movement. The platform aims to allow anyone to create their own liquidity pools. Currently, there are over 400 active trading pairs and 6000 liquidity pools on Uniswap.

    Although Uniswap is a popular component of the DeFi ecosystem, it is not without criticism or flaw. In July 2020, complaints began to emerge about “fake tokens” on the Uniswap exchange. Because anyone can list a token on Uniswap, and its decentralized nature means there is no review process, it is easy for scammers to create a token with a name similar to a popular DeFi platform, and trick users into purchasing worthless tokens.

    There does not appear to be any data as to how much money has been lost to these scammers. However, several projects have had to make announcements warning users about fake tokens falsely claiming to be associated with the project.

    In August 2020, Uniswap took steps to try to mitigate this issue via the introduction of Lists. A decentralized solution to a decentralized problem, these Lists aim to establish the legitimacy of tokens based on how many Lists they are included on, and how reputable those lists are. It remains to be seen whether scammers will find a way to exploit this system, but for now it appears to be a good attempt to address the issue while still maintaining the inherent decentralization of Uniswap, and still allowing legitimate projects to quickly and easily add their tokens.

    Uniswap Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      173.212 BTC

      • Uniswap Total Trading Pairs

        N/A

        • Uniswap Margin Trading

          No

          • Uniswap Deposit Fees

            No

            • Uniswap Trading Fees

              0.3% Maker/Taker

              • Uniswap Fiat Deposit

                No

                • Accepted Payment Methods

                  N/A

                  • Uniswap Native Token

                    No

                    • Native Token Smart Contract

                      N/A

                      • Uniswap Trading Markets
                        • Uniswap Stablecoins Trading

                          Uniswap Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • Uniswap Withdrawal Fees

                              N/A

                              • Uniswap Withdrawal Fees Discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  Uniswap Exchange Additional Information

                                    • Uniswap Headquarters

                                      N/A

                                      • Uniswap Establish Date

                                        N/A