Uniswap current price is $7.85.

Uniswap stands as a cornerstone of the decentralized finance, or DeFi, ecosystem, operating as a decentralized exchange protocol built primarily on the Ethereum blockchain. It revolutionized cryptocurrency trading by introducing the automated market maker, or AMM, model, eliminating the need for traditional order books and centralized intermediaries. Instead of relying on buyers and sellers to match orders, Uniswap uses liquidity pools funded by users. These liquidity providers deposit a pair of tokens into a pool, earning a portion of the trading fees generated within that pool. This mechanism allows for continuous, permissionless trading of ERC-20 tokens, enabling users to swap one cryptocurrency for another directly from their non-custodial wallets without needing to create an account or go through a Know Your Customer, or KYC, process.The core innovation of Uniswap lies in its smart contracts that automatically manage liquidity and price discovery. Prices are determined by a constant product formula, ensuring that the total value of tokens within a pool remains constant. This elegant solution minimizes slippage for trades within reasonable sizes and facilitates deep liquidity for a wide range of digital assets. As a result, Uniswap has become a primary venue for discovering new tokens and for providing liquidity for many DeFi projects.The UNI token serves as the native governance token for the Uniswap protocol. Holders of UNI have the power to propose and vote on significant changes to the protocol’s development, including fee structures, new features, and how the treasury funds are allocated. This decentralized governance model ensures that the protocol remains community-driven and adaptable to the evolving needs of the DeFi space. The continuous development of Uniswap, including its various iterations like Uniswap V3, has introduced advanced features such as concentrated liquidity, which allows liquidity providers to allocate their capital within specific price ranges, increasing capital efficiency. The platform continues to evolve, playing a vital role in shaping the future of decentralized trading and financial services on the blockchain.