What is Uniswap (UNI)?
Uniswap (UNI) is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Launched in September 2020, UNI is Uniswap's governance token, allowing holders to vote on the development of the protocol. It was created to decentralize the decision-making process and distribute control among its users.
Uniswap aims to solve liquidity issues in the DeFi space, making it easier to exchange tokens without the need for traditional centralized intermediaries. UNI plays a key role in this ecosystem by enabling community governance and incentivizing liquidity provision.