Glossary
Uniswap
The dominant AMM on Ethereum and most EVM L2s — pioneered the constant-product formula (v2), then concentrated liquidity (v3), then intent-based swaps (UniswapX).
Uniswap launched in November 2018 and has been the largest DEX by volume on Ethereum essentially ever since. v2 (2020) introduced the constant-product AMM that became the template for every other AMM. v3 (2021) added concentrated liquidity. v4 (2024) added "hooks" that let LPs and pool deployers customize pool behavior.
UniswapX, the intent-based protocol, sits alongside the AMM as the default routing path for many integrators. UNI, the governance token, is one of the largest holdings in DAO treasuries.