Uniswap continues to dominate DEX landscape despite limited adoption of v2 feature set

Data will auto-refresh on a 24-hour basis. Charts are interactive. All copy is relevant as of July 10, 2020.

Launched in late 2018, Uniswap is a non-custodial automated market-maker exchange protocol. A departure from centralized limit order book models, Uniswap markets are structured as shared passive liquidity pools: liquidity providers (LPs) deposit assets of equal weights and traders execute orders against these pools along a deterministic price curve according to the constant product, x*y=k. In return, LPs are awarded a 30 basis-point fee on each trade.