Uniswap is a decentralised cryptocurrency exchange (also known as a decentralised exchange) that facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. As of October 2020, Uniswap is estimated to be the largest decentralised exchange and the fourth largest cryptocurrency exchanger overall by daily trading volume. As of March 2021, Uniswap was generating fees of approximately US $2-3 million daily for liquidity providers that facilitate liquid markets for cryptocurrencies to be exchanged. Uniswap was created on 2 November 2018 ... by Hayden Adams, a former Siemens mechanical engineer. Uniswap received investments from venture capital firms such as Andreessen Horowitz, Paradigm Venture Capital Union Square Ventures LLC and ParaFi. Union Square Ventures LLC and ParaFi. Uniswap's average daily trading volume was USD 220 million in October 2020. Traders and investors have used Uniswap because of its use in decentralised finance (DeFi). In April 2020, Uniswap's website was temporarily taken down quantify after hackers unsuccessfully attempted to use a re-logging trick on the exchange. Capital named it alongside Maker, Compound, Ankr, Aave and Chainlink as some of DeFi's "coins to watch" in 2021 Uniswap is a decentralised finance protocol used to exchange cryptocurrencies and tokens; it is provided on blockchain networks that are decentralised and run open-source software, unlike any centralised intermediary. This contrasts with cryptocurrency exchanges that are run by centralised companies such as Coinbase, Binance and OKEx. Owners of a native cryptocurrency and a governance token called UNI vote on changes to the protocol, and then a team of developers implement them. UNI coins were initially distributed to early users of the protocol. Each Ethereum address that had interacted with Uniswap before 1 September 2020 received the ability to claim 400 UNI tokens (worth approximately $1,400 at that time). The market capitalisation of the UNI token is over $500 million as of October 2020. Uniswap V3 (Ethereum) has a reported 24h volume of $461 505 406 with an Estimated Real Volume of $0 It is a a decentralized exchange that offers 787 currencies and has a 0.00% Confidence Score based on our Algorithms.
Total Volume | $461,505,406.00 5 286.63 BTC |
---|---|
Volume ERV
|
N/A
|
Currencies | 787 |
Regulated
| No |
Type | Decentralized Exchange |
Uniswap V3 (Ethereum) on DexPaprika |
Website | |
---|---|
Website status | Last check 2 minutes ago |
API Status | Last check 2 minutes ago |
Security Protection | https, ddos shield |
Are you owner of Uniswap V3 (Ethereum) exchange?
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).
Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).