In summary, Uniswap scored a highly impressive 90/100 based on our scoring matrix, and we score the project at our highest grade, which is an A+ rating.
Uniswap impresses in many areas in its outstanding approach to innovating token swap markets and decentralised exchanges. Although the exchange has been operating for some time, the recent boom in the DeFi markets has led to an explosion in adoption among users.
One of the most appealing elements for users is that new projects are listed here for trading immediately with no barrier. This means that many new and emerging projects are often traded here as a precursor to being listed on a larger centralised exchange platform. Coupled with no KYC/AML for users, its what known as a gem hunters paradise.
Although the trading process is different from what users are used to, its relatively simple to buy or sell assets via liquidity pools. As users connect with their Metamask wallet, they are in control of their funds during the whole trading process, greatly reducing their chances of losing coins compared to trading on an exchange.
There are a few small areas for improvement but we feel as the platform grows, these will come in time.
- Grow platform and adoption
- Increase transparency around company/team
- Risk of regulation
- Eth network can become congested and fees increase
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Uniswap is an Ethereum based exchange that allows anyone to swap ERC20 tokens. Traditionally token swaps require buyers and sellers to create liquidity, Uniswap creates markets automatically. Uniswap was designed to help solve decentralized exchanges' liquidity problem.
Uniswap represents the new wave of DeFi exchanges which not only allow users to trade and retain control over their assets in their wallet but also removes the issue of buy and sell orders on traditional order books by using liquidity pools.
|Type of exchange||Decentralised exchange|
|Two Factor Auth|
|Featured Trading Pairs||Ethereum|
|Support Options||, Live Chat, Social channels|