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Uniswap

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Uniswap was launched in November 2018 as a proof of concept for automated market makers (AMMs). Hayden Adams is the inventor of the Uniswap Protocol and CEO at Uniswap Labs. 

Uniswap is a decentralized exchange (DEX) built on Ethereum that uses an automated market-making infrastructure to let traders, developers, and liquidity providers participate in a secure marketplace. 

AMMs allow for automatic and permissionless trading that removes the need for the traditional broker-dealer model that matches individual buy and sell orders. This system enables users to pool together assets that participants trade against. 

AMMs aim to solve the challenge of illiquidity previously faced by decentralized exchanges by creating liquidity pools and incentivizing liquidity providers to supply their assets into the system. 

Uniswap's maximum supply is 1 billion UNI. More than 627 million UNI are in circulation as of December 2021.

Uniswap is the leading DEX by volume, with a nearly 80% market share of weekly DEX volume as of Nov. 29. 2021, according to Dune Analytics. The nearest rival is Sushiswap with its 11% share. 

Despite the gap in trading volume, there is a long list of competitors in the DeFi space. Notable rivals to watch include Curve, Sushiswap, Pancakeswap, and more. 

Ethereum

Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.

Uniswap Reveals Plans to Launch Ethereum Layer-2 Network Unichain

Uniswap Labs is building a custom Layer 2 called Unichain using the Optimism Superchain, which will feature sub-second block times.

Uniswap Labs unveils Unichain, the first Ethereum Layer 2 to integrate Flashbot's Rollup Boost solution

The news is in line with the ongoing trend that's hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.

Uniswap Developer Unveils Own Layer-2 Network, Unichain, Built on Optimism Tech

NEAR joined Uniswap as a top performer, gaining 5.0%.

CoinDesk 20 Performance Update: UNI Surges 7.9% as Index Rises

Uniswap remains the leading decentralized exchange by volume over the past seven days, posting a total volume of $8.1 billion.

Uniswap Fee Increase Generated $53 Million Revenue Amid Legal Scrutiny

Serious questions remain about the sustainability of DeFi leader's business model and those of similar automated market makers, says Eric Waisanen, CEO and Co-Founder of Astrovault.

Uniswap's Model Is a Science Project That Could Kill DeFi

Uniswap (CRYPTO: UNI) CEO Hayden Adams has expressed optimism over U.S. Vice President Kamala Harris‘ comments supporting digital assets, highlighting the growing recognition of decentralized finance (DeFi) by political leaders. What Happened: However, Adams' positive reception of Harris' remarks was met with skepticism and criticism from industry insiders, who raised concerns over regulatory threats and Uniswap's governance structure.

Uniswap CEO Admits 'Biden Has Been Bad For Crypto,' But Kamala Harris' Comments Are Encouraging: 'Progress Is Progress'

All but two assets were trading lower as the index dropped 1.6%

CoinDesk 20 Performance Update: UNI Drops 4.7%, Leading Index Lower

Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote.

Uniswap Labs CEO Denies Protocol Deployment Extortion Claims

The DEX sector is thriving, as trading volumes hit $140 billion last month, highlighting the appetite for decentralized trading solutions.

DEX wars heat up as Uniswap's dominance slips to 36% amid rising competition

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap.

Uniswap Labs Settles with CFTC Over Alleged Illegal Trading Practices

Aave

Popular decentralized finance (DeFi) tokens were among the market's top gainers Wednesday on the back of significant developments in their respective spheres. What happened: The native token of leading lending and borrowing capital Aave pumped over 7% to become the second-best performing cryptocurrency in the last 24 hours.

DeFi Tokens Among Market's Best Performers — Aave, Uniswap Ride High On Encouraging Developments

The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts.

CFTC Issues Order Against Uniswap Labs for Allegedly Offering Illegal Digital Asset Derivatives Trading

The Commodity Futures Trading Commission (CFTC) has issued an order against Uniswap Labs (CRYPTO: UNI), settling charges related to illegal offerings of digital asset derivatives trading. The agency fined the Delaware-based company, operating out of New York, $175,000.

CFTC Fines Uniswap Labs $175,000 For Illegal Digital Asset Derivatives Trading

Bitcoin

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Bitcoin's four-year cycle is ‘dead,' CFTC charges Uniswap Labs, Mark Karpeles to launch new ‘transparent' crypto exchange and more

"We don't wish the burden of unnecessary subpoenas on anyone," a spokesperson for Uniswap told CoinDesk.

VC Giants a16z, Union Square Ventures Get Subpoenaed by New York About Uniswap: Sources

The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration.

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said.

Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products

Uniswap Labs, the company behind Uniswap, has settled the charges and will pay a $175,000 fine per the CFTC announcement.

CFTC Issues Order Against Ethereum DeFi Exchange Uniswap

The CFTC filed and settled charges against Uniswap Labs for $175,000, according to a statement on Wednesday.

Uniswap Labs settles with the US CFTC for $175,000 on charges related to derivatives trading

Uniswap gained 3.4% and Internet Computer rose 2.8% in overnight trading.

CoinDesk 20 Performance Update: UNI and ICP Lead Gains as Index Climbs 1.1%

A wallet connected to Ethereum's Genesis block appears to have launched a memecoin that soared to a $100 million market cap within an hour.

Memecoin launched by address connected to Ethereum Genesis block rockets to top of Uniswap charts

Uniswap's token drops 3.7%, and Chainlink closely follows, contributing to the CoinDesk 20's overnight slide.

CoinDesk 20 Performance Update: UNI and LINK Decline as Index Slips 1.9%

Arbitrum

Prometheum's custodial arm said it plans to add two new "digital asset securities" to its ranks, UNI and ARB.

Prometheum adds ‘digital asset securities' UNI and ARB to its custodial ranks

Polygon

Polygon and Uniswap gain ground as Litecoin and others drag CoinDesk 20 index down by 0.3%.

News for Uniswap Crypto (UNI)