description Uniswap (DEX) Overview
Uniswap is not a traditional exchange but the gold standard for decentralized exchange (DEX) functionality. It operates via Automated Market Makers (AMMs), meaning users trade directly from liquidity pools without an intermediary. This non-custodial nature offers maximum user control, making it essential for DeFi purists, though it requires advanced knowledge of wallet management.
help Uniswap (DEX) FAQ
Do I need an account to trade on Uniswap?
No, Uniswap is a decentralized exchange, so you connect a crypto wallet rather than creating a username and password. It launched on Ethereum in 2018 and uses smart contracts instead of a centralized order book.
Why can Uniswap prices move while I am confirming a swap?
Uniswap trades against liquidity pools, so the final price depends on pool depth, trade size, and other transactions before yours is mined. That is why the app shows slippage settings before you sign a swap.
What fees do I pay when using Uniswap on Ethereum?
You pay the swap fee set by the pool plus the blockchain gas fee for the network transaction. On Ethereum mainnet, gas can be expensive during busy periods, while networks such as Base, Polygon, and Arbitrum are often used for cheaper swaps.
Who created Uniswap?
Uniswap was created by Hayden Adams, a former Siemens engineer, and is developed by Uniswap Labs. The UNI governance token was introduced in 2020, but you do not need UNI just to make a swap.
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