Uniswap is a decentralized exchange protocol built on the Ethereum blockchain. It enables users to trade various tokens directly from their wallets without the need for intermediaries. The platform operates using automated market makers (AMMs), which replace traditional order books. Users provide liquidity by depositing pairs of tokens into liquidity pools. In return, they earn a portion of the trading fees generated by the trades occurring in those pools.Uniswap also allows users to create their own liquidity pools for any ERC-20 token, making it accessible for new tokens to launch and trade. This flexibility has contributed to its popularity and rapid growth.The governance of Uniswap is managed by its community through a token called UNI, enabling holders to vote on proposals affecting the protocol’s future. With its user-friendly interface and minimal barriers to entry, Uniswap has become one of the leading decentralized exchanges, facilitating billions of dollars in trading volume.