UNISWAP is an automated market maker type exchange that leverages liquidity pool to facilitate transactions on it’s platform. An automated market maker exchange is particularly different from an order-based exchange in the sense that buyers and sellers do not wait for their orders to be fulfilled, instead, it is like a silo from where these tokens can be withdrawn.

Resources:

• https://www.youtube.com/watch?v=2tTVJL4bpTU


• https://www.youtube.com/watch?v=1PbZMudPP5E


• https://www.coinbase.com/learn/crypto-basics/what-is-a-dex


• https://coinmarketcap.com/currencies/uniswap/

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