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Uniswap & the UNI Token: Explained

Uniswap & the UNI Token: Explained
Uniswap, the leading decentralized exchange (DEX), has undergone significant upgrades and expansions. The launch of Uniswap v4 across 12 blockchain networks represents a major upgrade, introducing the Hook System and Singleton Architecture for improved trading mechanics and operational efficiency. Uniswap also launched Unichain, a Layer 2 scaling solution, to address transaction costs and speed. The UNI token, which represents ownership in the protocol, has been distributed to users, liquidity providers, and developers to align with long-term sustainability. Governance decisions have shaped the protocol's development, and Uniswap has become integrated with major DeFi protocols. The protocol's future development includes navigating evolving regulatory requirements and further scaling transaction throughput and cross-chain capabilities.

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