Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Uniswap
Uniswap reviews

Average rating of 66% based on 269 reviews.

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
18 October 2022 (Updated 20 June 2024)

Uniswap Crypto Platform

Uniswap is the leading pioneer decentralized exchange platform that was founded in 2018. The protocol was built on Ethereum and adopted the AMM model. The protocol was a first of its kind and was created after Vitalik’s on-chain AMM app idea. Former Siemens employee mechanical engineer Hayden Adams started to work on the idea and developed the protocol. Hayden Adams received a grant of $100k from Ethereum Foundation to launch the product. The company behind the protocol is Uniswap Labs. The first launch was in 2018 and became very successful in operations as well as its volume. Six months after the launch, venture capital Paradigm led a fundraising round.

Uniswap is an open-source protocol that allows peer-to-peer on-chain transactions. The protocol is trustless and permissionless because the underlying smart contracts are non-upgradable. Anyone can anonymously connect to the protocol and swap and exchange cryptocurrencies. Users can provide liquidity to the pools and receive a share of the revenue generated. The protocol is built on the Ethereum blockchain and supports ERC-20 tokens only. The protocol also supports Ethereum scaling solution projects, such as Arbitrum, Optimism, Polygon, and Celo. There are three versions of the protocol so far. NFT marketplace and flexible fees are the changes that came with v3.
 
There are many well-known investors behind Uniswap. Andreessen Horowitz, Coinbase Ventures, Three Arrows Capital, and Defiance Capital are some of the investors. Uniswap has a very large ecosystem that is integrated with more than 300 DeFi apps. Uniswap is open and accessible to everyone who wants to build a swap, exchange, or yield aggregator app. Uniswap generates revenue by receiving fees from transactions and liquidity pools. The revenue is shared with Uni token holders and liquidity providers.
 
UNI is the platform’s utility and governance token. Uni token holders participate in decisions about the platform’s future. For example, there is a proposal to deploy Uniswap v3 on the BNB Chain. Uni holders are also responsible for managing the community treasury. Uniswap’s governance doesn’t have the authority to change its existing smart contracts. So if an upgrade is planned to be implemented, the platform announces a new version and liquidity providers have the option to choose to move their funds to a new version or stay on the previous one. Uniswap is also the inventor of the token airdrop because 60% of the total supply was distributed among the users at the beginning.
 
Uniswap is the leading DeFi protocol with no doubt. Sushiswap and Pancakswap are Uniswap’s clones and they use Uniswap’s source code but they are growing faster than Uniswap because of their lower fees. The biggest rival on the market is Curve Finance and it is about to take Uniswap’s throne. Compound and dYdX are also increasing their market shares. Decentralized exchanges are expected to show relatively bigger growth in the future.
 
There is no hack issue or exploit in Uniswap’s history. There are, of course, phishing attacks but they are not directly related to the protocol’s security. Uniswap has the longest history and still has an important role in the market.

Pros

tick $1,132,777,734 USD currently invested (TVL)
tick Investments in 1,352 coin pairs available
tick Supports 6 protocols including Arbitrum, Aribtrum One and Ethereum

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Uniswap Staking Yields

1
Hide Filters
Coin
Clear
Select All
CeFi / DeFi
Chain
Clear
Select All
Term
Clear
Select All
Yield
Clear
TVL
Clear
Token Type
Clear
Select All
Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
WETH-BANANA
7,195%
WETH 7,195% APY
BANANA
Ethereum
Instant Access
7,195%
WETH 7,195% APY
BANANA
$155,996
WETH-ШАЙЛУШАЙ
2,750%
WETH 2,750% APY
Ethereum
Instant Access
2,750%
WETH 2,750% APY
$201,293
GPO-USDC
2,153%
USDC 2,153% APY
GPO
Polygon
Instant Access
2,153%
USDC 2,153% APY
GPO
$109,606
FINE-WETH
1,719%
WETH 1,719% APY
Ethereum
Instant Access
1,719%
WETH 1,719% APY
$344,448
HIPP-WETH
1,625%
WETH 1,625% APY
HIPP
Ethereum
Instant Access
1,625%
WETH 1,625% APY
HIPP
$225,290
PIBA-WETH
1,016%
WETH 1,016% APY
Ethereum
Instant Access
1,016%
WETH 1,016% APY
$258,976
HIFI-USDC
1,009%
USDC 1,009% APY
HIFI
Ethereum
Instant Access
1,009%
USDC 1,009% APY
HIFI
$669,002
PEPE-WETH
992%
WETH 992% APY
PEPE
Ethereum
Instant Access
992%
WETH 992% APY
PEPE
$55,125
WLD-WETH
808%
WETH 808% APY
WLD
Ethereum
Instant Access
808%
WETH 808% APY
WLD
$244,498
WETH-F50
788%
WETH 788% APY
Arbitrum
Instant Access
788%
WETH 788% APY
$10,400
ARKM-WETH
756%
WETH 756% APY
ARKM
Ethereum
Instant Access
756%
WETH 756% APY
ARKM
$113,037
RHC-WETH
686%
WETH 686% APY
Ethereum
Instant Access
686%
WETH 686% APY
$108,963
XDOGE-WETH
524%
WETH 524% APY
Ethereum
Instant Access
524%
WETH 524% APY
$247,104
WMATIC-NAKA
392%
WMATIC 392% APY
NAKA
Polygon
Instant Access
392%
WMATIC 392% APY
NAKA
$30,188
$HOLA-WETH
358%
WETH 358% APY
$HOLA
Ethereum
Instant Access
358%
WETH 358% APY
$HOLA
$204,536
USDC-ICSA
327%
USDC 327% APY
ICSA
Ethereum
Instant Access
327%
USDC 327% APY
ICSA
$12,908
EMOTI-WETH
262%
WETH 262% APY
EMOTI
Ethereum
Instant Access
262%
WETH 262% APY
EMOTI
$181,698
XMON-WETH
261%
WETH 261% APY
XMON
Ethereum
Instant Access
261%
WETH 261% APY
XMON
$70,971
SHEPE-WETH
231%
WETH 231% APY
SHEPE
Ethereum
Instant Access
231%
WETH 231% APY
SHEPE
$54,581
PNDC-WETH
230%
WETH 230% APY
PNDC
Ethereum
Instant Access
230%
WETH 230% APY
PNDC
$313,578
No matching yield products found

Uniswap Reviews

Based on a total of 269 reviews across the web for Uniswap we gave the platform an overall rating of 66%.

User Reviews
Overall User Rating
66%
259 reviews 259
Cryptowisser
65%
247 reviews 247
Product Hunt
100%
5 reviews 5
Is This Coin a Scam
80%
3 reviews 3
Sitejabber
100%
2 reviews 2
Trustpilot
20%
1 review 1
CryptoDeFix
80%
1 review 1
Revain
Source Forge
Nomics
Review Week
Add your own review
Leave a Review for Uniswap
Submit Review

Uniswap YouTube Reviews

Uniswap Scams, Frauds, Hacks and Blunders

1 Jan 1970

Uniswap Supported Currencies

Uniswap supports over 2,000 currencies including Ethereum, Tether USDt, Solana and Dogecoin.

Uniswap Key Data

Company
Automatic market maker tick Yes
Decentralised tick Yes
Open source tick Yes
Non-custodial tick Yes
Products
Crypto to crypto exchange tick Yes
Crypto withdrawals to private wallet tick Yes
Key People
Hayden Adams
Founder & CEO

ALooking at reviews from across the web, Uniswap has an average review score of 66% based on 269 reviews.

Useful Links

Uniswap Contact Details

https://uniswap.org/

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2024
Share Page Using
Twitter
Email
Whatsapp
Facebook
Reddit
LinkedIn