Crypto Conversation: Let’s Unpack SushiSwap and Uniswap Drama

What’s hot in crypto this week?

Uniswap — it is a decentralized exchange built on top of Ethereum. It allows users to swap ERC20 tokens without the need for buyers and sellers to create demand. Uniswap works with a model that involves liquidity providers creating liquidity pools. This system allows for a decentralized pricing mechanism that essentially smooths out order book depth.

What’s New With Uniswap?

Uniswap on Sept. 16 launched its governance token, UNI, to keep up with SushiSwap. Remember, its competitors, SushiSwap, is a fork of the code of Uniswap that was the largest decentralized exchange or automated market maker.