Uniswap

Uniswap is a decentralized platform that allows users to swap one cryptocurrency for another directly, without needing a middleman or traditional exchange. It uses smart contracts on the Ethereum blockchain to facilitate these trades automatically, based on liquidity pools where users deposit pairs of tokens. Instead of order books, prices are determined by a mathematical formula, ensuring continuous liquidity. This system makes trading more accessible, transparent, and less reliant on centralized controls, enabling anyone to participate in creating and trading digital assets securely.