Uniswap is an open source decentralized exchange protocol built on the Ethereum blockchain and operating under the management of smart contracts. Uniswap leaves behind the traditional architecture of the digital exchange, since there is no order book. The protocol works with the design of Constant Product Market Maker, which is a variant of the model called Automated Market Maker (AMM).

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DYK Swaps on @arbitrum are 22x cheaper than mainnet? Time to get out your Uniswap wallet for the next phase of #ScalingSummer ✅

Dive into the tech and learn what you can do with this L2:
https://blog.uniswap.org/scaling-summer-arbitrum…

DYK Swaps on @arbitrum are 22x cheaper than mainnet. Time to get out your Uniswap wallet for the next phase of #ScalingSummer.