#uni
2 uniswap overturns the industry: Back then, the mainstream DEX model was the order-book style, with issues like shallow depth and being easy to get exploited. Uniswap used the x*y=k constant-product formula, relying on liquidity pools for automatic pricing, completely rewriting on-chain trading logic.
In the early days, nobody had high hopes until the 2020 DeFi summer kicked off—V2 reignited trading volume and brought it into the mainstream.
$UNI