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NFT Term

Uniswap

Definition of Uniswap from the NFTguild.com glossary.

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Uniswap is one of the World’s first and largest decentralized trading exchanges (DEX). Uniswap is built on the Ethereum platform and is used for trading ERC-20 compatible crypto tokens. The Uniswap protocol and DEX are totally decentralized, and the project is owned and governed by holders of its official token named the Uniswap Protocol Token (UNI). On decentralized exchanges such as Uniswap, users maintain control and custody of their private funds and their private keys.