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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Uniswap

(1/5) With UniswapX, users don’t pay for failed transactions 🏆

Why not? Let’s dive into it:

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If a transaction falls in the mempool, does anyone hear it? 🤔

With UniswapX, a network of 3rd party fillers compete for your order. If their transaction fails, they pay gas costs — not you 😎
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If a transaction falls in the mempool, does anyone hear it.