Uniswap: The state of the market

Data will auto-refresh on a 24-hour basis. All charts are interactive. Copy is relevant as of May 13, 2020.

Launched in late 2018, Uniswap is a non-custodial, automated market-maker exchange protocol based on the constant product, x*y=k. A departure from traditional centralized limit order book models, Uniswap markets are structured as shared passive liquidity pools; any trader can execute orders against pools along a deterministic price curve in return for a fixed, 30 basis-point fee.