DeFiSumo Pick Fact-checked 2026-08-14
Uniswap logo

Uniswap

Established 2018

The largest decentralised exchange — the foundational swap layer of Ethereum DeFi.

Uniswap pioneered the automated market maker: instead of order books, users trade against liquidity pools, and anyone can supply liquidity to earn fees. It handles the largest DEX volume in crypto across Ethereum, its L2s and other chains, and its protocol fees feed UNI governance.

Quick facts

Founded

2018

Category

DeFi

Platforms

Web, iOS, Android

Key facts

Non-custodial, AMM pioneer, Multi-chain

Pros

  • The deepest liquidity in DeFi, full stop
  • Non-custodial — you trade from your own wallet
  • The most battle-tested smart contracts in DeFi

Cons

  • Gas costs on L1 Ethereum can hurt small trades (use L2s)
  • No KYC/recourse — mistakes are permanent
  • Front-running bots remain an issue on L1

Best for

Swapping tokens without handing keys to anyone

Fees

0.05–1% pool fees depending on the pool tier, plus network gas.

Security notes

The most-audited contracts in DeFi history. Your risk is signing bad approvals — use a wallet with transaction simulation (Rabby) and revoke unused approvals.

dexethereumliquidity

Frequently asked questions

What is Uniswap?
Uniswap is The largest decentralised exchange — the foundational swap layer of Ethereum DeFi. Uniswap pioneered the automated market maker: instead of order books, users trade against liquidity pools, and anyone can supply liquidity to earn fees. It handles the largest DEX volume in crypto across Ethereum, its L2s and other chains, and its protocol fees feed UNI governance.
Is Uniswap safe to use?
The most-audited contracts in DeFi history. Your risk is signing bad approvals — use a wallet with transaction simulation (Rabby) and revoke unused approvals. As always, verify details on the official site before trusting funds to any service.
How much does Uniswap cost?
0.05–1% pool fees depending on the pool tier, plus network gas. Figures change — confirm current pricing on the official site before deciding.

Similar resources

1inch logo

1inch

est. 2019

The DEX aggregator that routes your swap across hundreds of pools to find the best price.

DeFi aggregatorbest-rates
View profile
Aave logo

Aave

est. 2017

The largest lending protocol in DeFi — supply assets to earn, or borrow against them.

DeFi lendingborrowing
View profile
Curve logo

Curve

est. 2020

The liquidity backbone for stablecoins — minimal-slippage swaps and yield for liquidity providers.

DeFi stablecoinsdeep-liquidity
View profile