On November 2, 2018, Hayden Adams, a former Siemens mechanical engineer, founded Uniswap. Uniswap received investment from business angel Ric Burton and venture capital firms Andreessen Horowitz, Paradigm Venture Capital, Union Square Ventures LLC, and ParaFi. In October 2020, Uniswap had an average daily trading volume of US$220 million. Uniswap has been used by traders and investors due to its application in decentralized finance. Tokens and coins can be exchanged using Uniswap, a decentralized finance mechanism that operates on blockchain networks using open-source software.
This contrasts with centralized firms running cryptocurrency exchanges. A group of developers implements changes to the protocol after they are put to a vote by the owners of UNI, a native cryptocurrency and governance token. The UNI coin was not required for Uniswap to launch, and trading on the exchange does not require the token. At first, tokens were given to protocol early adopters.
▶History of the Uniswap Logo 🌞
2018-Present
The logo of this American cryptocurrency exchange is really distinctive. It seems more like it belongs on a children’s clothing line than a financial website, but it’s the one that draws attention from others. The unicorn, with its neon pink colour and white background, is an intriguing shock tactic.