Uniswap, a leading decentralized exchange (DEX), has processed over $2 trillion in cumulative volume since its launch in late 2018 on the Ethereum mainnet. Unlike centralized exchanges, Uniswap operates using smart contracts and non-custodial wallets like MetaMask. The DEX currently manages over $4.9 billion worth of assets and is the sixth largest DeFi protocol. Uniswap v3, the latest version, has introduced concentrated liquidity to improve capital efficiency. While users can swap on multiple chains, Uniswap is most popular on Ethereum, where it manages over $3.9 billion. As DeFi continues to grow, Uniswap is expected to process even more transactions and dominate DEX trading on Ethereum layer-2s. UNI, the token of Uniswap, has seen significant price increases and may continue to benefit from the platform's growth, potentially reaching $12 if it breaks above $8.5.



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