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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Hooks, custom pools, & flash accounting? The Uniswap community is hard at work on v4. One look at v4 features and you’ll see why we’re counting down the days.

Hooks, custom pools, & flash accounting. The Uniswap community is hard at work on v4.