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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Yesterday's volume on Arbitrum hit an all time high, at $1,115,140,278. 🔷

Which makes Arbitrum the first L2 to cross a billion in daily volume on Uniswap. 🫡