Uniswap (UNI) is another decentralized trading protocol platform to enter our list. After launching in November 2018 the platform experienced a significant rise in value during the DeFi boom of 2020. Uniswap is currently the largest AMM in the DeFi space, falling just outside of the top 10 biggest cryptocurrencies on the market.
Through its automated trading processes, Uniswap provides an improved trading experience compared to that of traditional exchanges through its liquidity solutions and is open for anyone to use. The platform’s native token UNI acts as a governance token.