What it means
The largest decentralised exchange, an AMM where anyone can trade or provide liquidity.
It runs on Ethereum and many layer 2s, including Base.
How it works
Aggregators often route trades through Uniswap pools.
Related terms
| Term | What it means |
|---|---|
| AMM | Automated market maker: a DEX that prices trades with a formula over a pool of tokens, instead of matching buyers and sellers. |
| DEX | Decentralised exchange: smart contracts that let you trade tokens straight from your own wallet, with no company holding your money. |
| Liquidity pool | Tokens locked in a smart contract that people can trade against or borrow from. |
This glossary explains terms in general. It isn't investment, tax or legal advice.