Uniswap, Its Wallet, and the Real Economics of DeFi Liquidity
A common misconception is that Uniswap is simply a crypto swap interface: choose two tokens, press a button, and wait for the transaction. The interface is only the visible edge of a deeper system. Underneath, Uniswap replaces the conventional exchange order book with smart-contract liquidity pools, mathematical pricing rules, automated routing, and user-controlled transaction settings. …
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