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What Is Uniswap?

Definition

Uniswap is the largest decentralized exchange protocol on Ethereum and EVM-compatible chains, using automated market makers (AMMs) to enable permissionless token trading.

Uniswap pioneered the AMM model in 2018 and remains the dominant DEX protocol on Ethereum. It allows anyone to create a trading pair for any ERC-20 token by depositing liquidity into a smart contract pool.

  • Uniswap v2 — the classic constant-product AMM. Still widely used for its simplicity. This is what CoinDevTools creates pools on for Ethereum and Base.
  • Uniswap v3 — introduced concentrated liquidity (LPs choose price ranges). More capital-efficient but more complex.
  • Uniswap v4 — latest version with hooks (custom logic per pool) and singleton design.

For token creators on Ethereum and Base: 1. Create your ERC-20 token on CoinDevTools 2. Use the "Add Liquidity" tool to create a Uniswap v2 pool pairing your token with ETH 3. Your token is immediately tradeable on Uniswap and discoverable by aggregators

Uniswap v2 is the recommended format for new token launches because it's the most widely supported by aggregators, analytics tools, and DEX screeners.

Related Guides

How to Create a TokenHow to Add LiquidityHow to Burn Tokens

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Related Terms

DEX (Decentralized Exchange)
A DEX is a peer-to-peer exchange that enables cryptocurrency trading directly from your wallet without intermediaries, using smart contracts to match trades.
Liquidity Pool
A liquidity pool is a pair of tokens locked in a smart contract that enables decentralized trading on automated market makers (AMMs) like Raydium and Uniswap.
AMM (Automated Market Maker)
An Automated Market Maker is a type of decentralized exchange that uses mathematical formulas instead of order books to price trades, with liquidity provided by users rather than professional market makers.
ERC-20 Token
ERC-20 is the most widely used token standard on Ethereum and EVM-compatible chains, defining how fungible tokens are created and transferred.