{"id":9052,"date":"2023-03-04T14:53:34","date_gmt":"2023-03-04T14:53:34","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9052"},"modified":"2026-05-26T11:24:39","modified_gmt":"2026-05-26T11:24:39","slug":"what-is-uniswap","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap","title":{"rendered":"Uniswap explained: what it is and how it works in 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#the_history_and_evolution_since_2018_from_unicorn_to_wolf\" >The history and evolution since 2018: From unicorn to wolf<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#how_does_uniswap_work_the_dex_and_amm_that_makes_you_win_or_lose\" >How does Uniswap work? The DEX and AMM that makes you win (or lose)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#liquidity_pools_and_yield_farming_in_2025_how_to_make_money_without_getting_wrecked\" >Liquidity pools and yield farming in 2025: How to make money without getting wrecked<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#uni_the_token_that_doesnt_just_vote_it_pays_out_cash\" >UNI: The token that doesn\u2019t just vote, it pays out cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#pros_and_cons_in_2025_worth_diving_in\" >Pros and cons in 2025: Worth diving in?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#uniswap_beyond_ethereum_interoperability_and_the_future\" >Uniswap beyond Ethereum: Interoperability and the future<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\/#should_you_ride_the_unicorn_or_step_aside\" >Should you ride the unicorn or step aside?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Here, no nonsense\u2014I\u2019m going to drop the raw truth about Uniswap, the damn engine driving the DeFi game today. If you want to know what Uniswap is, you\u2019ve hit the jackpot. In 2025, this protocol is no longer what it used to be. That whole \u201ctrendy decentralized exchange\u201d thing is outdated. Now we\u2019re talking about the mother of all DEXs.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Uniswap is the most badass DEX (decentralized exchange) in the crypto ecosystem and I\u2019m not debating that with anyone. To start with, it allows token swaps without middlemen, without banks ripping you off with astronomical fees, and without waiting hours for your transaction to be processed.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">With the launch of Uniswap V4 in January 2025, this platform had an insane glow-up and is now a cross-chain ecosystem handling billions in daily volume. Mind-blowing. Honestly, it makes traditional exchanges look like dinosaurs.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/zenledger.io\/wp-content\/uploads\/2023\/03\/60d5d21ebe438a3568de3246_Uniswap-Exchange.png?fit=1200%2C630&amp;ssl=1\" alt=\"C\u00f3mo empezar a utilizar Uniswap\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">It\u2019s no secret that both on Ethereum\u2019s blockchain and similar blockchains, there\u2019s a huge revolution shaking up the financial industry. But I\u2019d dare say Uniswap is the most interesting project built on these foundations.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Basically, it\u2019s a protocol allowing buyers and sellers to swap tokens via smart contracts\u2014without using an exchange or relying on an order book.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">In short: Uniswap is where traditional money flatlines and where smart contracts make sure you don\u2019t get scammed\u2026 well, at least not by middlemen.<\/p>\n<h2 id=\"the-history-and-evolution-since-2018-from-unicorn\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"the_history_and_evolution_since_2018_from_unicorn_to_wolf\"><\/span>The history and evolution since 2018: From unicorn to wolf<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">It all started pretty lite. Uniswap was designed to provide two services: on one hand, being a DEX (decentralized exchange) within Ethereum\u2019s ecosystem, and on the other, to serve as an automated liquidity protocol (AMM).<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">This story begins with <strong>Hayden Adams<\/strong>. This guy had lost his job and one day stumbled upon\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.bitnovo.com\/blog\/quien-es-vitalik-buterin\/\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">Vitalik Buterin<\/a>\u2019s revolutionary ideas about AMMs back in 2017. The project took off after a series of posts made by Vitalik (Ethereum\u2019s creator) in 2017 and 2018. In the first, he hinted at building a DEX on Ethereum, and in others, he spoke about AMMs.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Uncle Hayden Adams saw these ideas and thought: \u201cDamn! Perfect for my unicorn.\u201d So, he created Uniswap and turned it into what it is now: one of the biggest DeFi systems on Ethereum.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The funniest thing is nobody expected this experiment to end up eating the lunch of traditional banks. Spoiler: that\u2019s exactly what happened\u2014meanwhile banks are still stuck with faxes and paper forms.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">To give you better perspective, here\u2019s Uniswap\u2019s insane evolution:<\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V1 (2018):<\/strong>\u00a0The experiment that kickstarted AMMs<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V2 (2020):<\/strong>\u00a0More versatile pools (token\/token), flash swaps, and stronger fundamentals<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>UNI Token (2020):<\/strong>\u00a0The governance token that changed everything<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V3 (2021):<\/strong>\u00a0Concentrated liquidity and capital efficiency to the max<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V4 (January 2025):<\/strong>\u00a0Customizable Hooks, modular architecture, and up to 99% gas reduction when creating pools. The ultimate beast.<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Meanwhile, traditional banks kept obsessing over whether Bitcoin was a fad, but Uniswap was already on its fifteenth version rewriting the entire system XD.<\/p>\n<div id=\"image_1217691859\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large lazyloaded aligncenter\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/que-es-uniswap-guia.jpg\" alt=\"que es uniswap guia Bitnovo\" width=\"459\" height=\"346\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/que-es-uniswap-guia.jpg 459w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/que-es-uniswap-guia-300x226.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/que-es-uniswap-guia.jpg\" data-sizes=\"(max-width: 459px) 100vw, 459px\" \/><\/div>\n<\/div>\n<h2 id=\"how-does-uniswap-work-the-dex-and-amm-that-makes-y\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"how_does_uniswap_work_the_dex_and_amm_that_makes_you_win_or_lose\"><\/span>How does Uniswap work? The DEX and AMM that makes you win (or lose)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">There\u2019s tons to say about Uniswap, but I don\u2019t want to bore you, so I\u2019ll keep it brief. As I was saying, Uniswap has two main angles: being a decentralized exchange (DEX) and offering an automated liquidity protocol (AMM).<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The\u00a0<strong>Uniswap DEX<\/strong>\u00a0works like most exchanges, not rocket science. Someone wants to swap one crypto for another, and the exchange makes it happen. The difference in\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/app.uniswap.org\/\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">Uniswap<\/a>\u00a0is that this is done in a decentralized way via smart contracts.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">For clarity, let\u2019s put an example: imagine you want to swap your tokens, and instead of waiting for someone to buy them, here you just drop yours in\u2014done! The smart contract automatically pairs them off. This way, users keep full control of their funds. On top of that, the liquidity providers are quite a massive base, meaning swaps are fast. It\u2019s lightning quick.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Now onto the AMM model\u2014this is Uniswap\u2019s strongest point, where it completely knocks other exchanges out. It runs a system called\u00a0<strong>Constant Product Market Maker (CPMM)<\/strong>. With V4, this became even more flexible thanks to \u201cHooks\u201d that enable customizable features. Some quick examples: limit orders, auto-rebalancing, or smart liquidity management.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">In short, hundreds of users like you throw their crypto into a liquidity pool of any pair (say DAI\/ETH). That money is used by others who want to swap.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Of course, everyone benefits here. In return, depositors earn a cut of transaction fees, depending on how much they contributed. With the improvements in\u00a0<a href=\"https:\/\/v4.uniswap.org\/\">V4<\/a>, fees are now dynamic and can auto-adjust to market volatility.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Cool stuff\u2014but watch out for gas. It still hurts newbies who don\u2019t know squat. That said, with V4 gas fees dropped by around 30%, and\u00a0creating <a href=\"https:\/\/ideasdeinversionbyfi.substack.com\/p\/novedades-lanzamiento-uniswap-v4-eth-yield-farming-hooks-defi\">new pools is 99.99% cheaper\u00a0<\/a>than in previous versions. Not bad Uniswap, keep it up.<\/p>\n<h2 id=\"liquidity-pools-and-yield-farming-in-2025-how-to-m\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"liquidity_pools_and_yield_farming_in_2025_how_to_make_money_without_getting_wrecked\"><\/span>Liquidity pools and yield farming in 2025: How to make money without getting wrecked<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">As I said, the goal of Uniswap pools is to collect liquidity from some users so others can trade smoothly. In 2025, liquidity mining is still the goldmine for risk-takers, and V4 is the steroid shot it needed.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Pools work pair-by-pair, meaning the depositor provides two tokens (like ETH and DAI). With V4,\u00a0<strong>Hooks<\/strong>\u00a0enable more advanced strategies: pools that auto-rebalance, charge variable fees based on market conditions, or execute limit orders automatically. Stop imagining\u2014it\u2019s real. Well, technically it\u2019s AI, but it exists.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">For example, if liquidity providers open a DAI\/ETH pool, they deposit value in both DAI and ETH. Once created, the pool is listed so users can trade that pair.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Let\u2019s make it simple with a real case: imagine Iniesta uses Uniswap to swap 50 DAI for ETH. He goes to the DAI\/ETH pool, submits a swap, and waits for it to execute.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Even though gas has dropped thanks to Ethereum upgrades and L2 rollups, there\u2019s still risk. Don\u2019t sell your house for this. That DAI\/ETH pool will take Iniesta\u2019s 50 DAI and send him back $50 worth of ETH. Liquidity shifts accordingly: -$50 in ETH, +50 DAI.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/1*Z-4xNTj3G-8x84E7C4R5MA.png\" alt=\"Build a 3 way arbitrage bot for Uniswap | Web 3 Digitals\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Sounds nice, but don\u2019t forget: DeFi isn\u2019t for fools. If you get burned by impermanent loss or rugpulls, don\u2019t come crying. I keep telling you in every article\u2014don\u2019t invest more than you\u2019re willing to lose. If you actually read me\u2026<\/p>\n<h2 id=\"uni-the-token-that-doesnt-just-vote-it-pays-out-ca\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"uni_the_token_that_doesnt_just_vote_it_pays_out_cash\"><\/span>UNI: The token that doesn\u2019t just vote, it pays out cash<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">People recall\u00a0<strong>UNI<\/strong>\u00a0as a governance token, but it\u2019s long surpassed that. I mean, yeah, it still is, but it\u2019s way more. UNI now plays a key role in DeFi governance, yields, and influence. Basically, UNI gives governance over Uniswap protocol\u2014but also a ton of extra functions.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Know this: it\u2019s an\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.bitnovo.com\/blog\/que-es-un-token-erc-20\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">ERC-20 token<\/a>\u00a0running on Ethereum. What did you expect? I already told you it was Buterin-based. See? You don\u2019t pay attention. This token also controls the UNI community treasury and protocol fee changes.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Holding a bit of UNI is like being a mini-king in this jungle. You can vote on protocol directions, and now with V4\u2019s new features, UNI holders can also share in protocol revenue through enhanced\u00a0<a href=\"https:\/\/support.uniswap.org\/hc\/en-us\/articles\/18673568523789-What-is-a-token-fee\">fee sharing<\/a>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The original idea behind UNI was to pump liquidity into the struggling project by rewarding users with tokens. That basically saved it from becoming \u201cjust another DEX.\u201d The main aim was to support liquidity mining.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The token launched on September 16, 2020, via airdrop. Now it stands in its latest evolution: Uniswap V4 (January 2025). UNI was also meant for voting on major decisions.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">In V4, new elements have been added\u2014while governance stays its main role, UNI also gives voting power over protocol directions, fee changes, and approval of new Hooks.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Though UNI itself hasn\u2019t changed radically, owning it means having a voice in how this DeFi beast evolves\u2014now including customizable Hooks and cross-chain power. Not too shabby, huh?<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-23646 size-large\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2023\/03\/UNI.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2 id=\"pros-and-cons-in-2025-worth-diving-in\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"pros_and_cons_in_2025_worth_diving_in\"><\/span>Pros and cons in 2025: Worth diving in?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Hold your horses, Ricky Martin\u2014you\u2019re already dreaming of buying 1500 UNI but that\u2019s not how this goes. First, check pros and cons. Here\u2019s a simple, no-BS list:<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Pros of Uniswap<\/strong><\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Decentralized<\/strong> to the core<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Swap <strong>any ERC-20 token<\/strong> or tokens across multiple blockchains<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Open source<\/strong><\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Trading is <strong>cheaper than ever<\/strong> with V4<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Liquidity pools deliver great yields (with big investment)<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Up to<strong> 99% gas reduction<\/strong> for pool creation, 30% for swaps<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Native ETH support <strong>saving<\/strong> extra gas<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Dynamic fees that auto-adjust to <strong>volatility<\/strong><\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Cons of Uniswap<\/strong><\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ethereum still isn\u2019t perfect\u2014gas can still bite, though far less than before<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The protocol is always evolving like most\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.bitnovo.com\/blog\/que-es-defi-o-finanzas-descentralizadas\/\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">DeFi<\/a>, which means risk remains high<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Beware of scams and fake tokens still circulating<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">V4 Hooks add complexity and possible new attack vectors (think open doors for hackers)<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Here, you either eat or get eaten. The fun part about DeFi in 2025 is that smart players can stack big profits, but clueless tourists leave broke (and with holes in their pockets).<\/p>\n<h2 id=\"uniswap-beyond-ethereum-interoperability-and-the-f\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"uniswap_beyond_ethereum_interoperability_and_the_future\"><\/span>Uniswap beyond Ethereum: Interoperability and the future<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Time to unchain Uniswap from Ethereum\u2014it needs some air. Yes, it\u2019s an Ethereum DEX, we get it, but it\u2019s gone way beyond that. It\u2019s literally a global mega-ecosystem.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">By 2025, Uniswap expanded to a much broader system.\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.ig.com\/es\/ideas-de-trading-y-noticias\/criptomonedas-al-alza--stellar--uniswap-y-ether-disparadas-250710#:~:text=Uniswap:%20m%C3%A1s%20liquidez%2C%20m%C3%A1s%20velocidad,stops%20garantizados%20y%20apalancamiento%20moderado.\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">It\u2019s now multichain<\/a>, using solutions like UniswapX to integrate liquidity on-chain and off-chain. This allows token swaps across multiple blockchains.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Uniswap also has a strong presence in Arbitrum (an Ethereum scaling solution) with lower fees and faster confirmations.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2025\/05\/Unichain-Ethereum-1024x576.png\" alt=\"Unichain Ahora Controla el 75% del Volumen de Uniswap v4, Superando a Ethereum - Crypto Economy ESP\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Although Ethereum remains the foundation, Uniswap is integrating with multiple networks to expand reach and efficiency\u2014day by day proving it.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Also worth highlighting are\u00a0<strong>UniswapX<\/strong>\u00a0and liquidity aggregation. UniswapX integrates on\/off-chain liquidity, while liquidity aggregation pulls sources from everywhere so users get better prices and less slippage.<\/p>\n<h2 id=\"conclusion-should-you-ride-the-unicorn-or-step-asi\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"should_you_ride_the_unicorn_or_step_aside\"><\/span>Should you ride the unicorn or step aside?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Let\u2019s keep it real: Uniswap in 2025 isn\u2019t for everyone\u2014only if you know what you\u2019re doing. Then it can be your best DeFi ally.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Use it if you have basic DeFi knowledge or can afford to lose your investment. If you\u2019re chasing higher yields than banks and don\u2019t fear volatility, you\u2019ll like it here.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">But if you\u2019re new to crypto, need that money for life expenses, or panic at a 10% swing\u2014better tread carefully or stick to a savings account.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">This is wild DeFi: diamond hands only. Winners are those who learn, diversify, and understand it\u2019s a marathon, not a sprint. This isn\u2019t financial advice\u2014it\u2019s raw truth. Uniswap V4 turned this platform into DeFi\u2019s Swiss army knife: more efficient, cheaper, customizable, and stronger than ever. But it\u2019s still DeFi\u2014where you can multiply your money or lose it all in one afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Uniswap is a decentralized exchange (DEX) that has revolutionized the way tokens are exchanged. What makes it different?<\/p>\n","protected":false},"author":12,"featured_media":8372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-9052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9052"}],"version-history":[{"count":7,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9052\/revisions"}],"predecessor-version":[{"id":32016,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9052\/revisions\/32016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8372"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}