The 5 Best Decentralized Cryptocurrency Exchange in 2021

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2. Uniswap

This exchange is hosted in the form of two smart contracts, a ‘Factory’ contract, and an ‘Exchange’ contract, on the Ethereum blockchain architecture. For a particular ERC20 token, the “Factory” smart contract contains an exchange registry and a way to deploy an “Exchange” contract.

While not aiming to replace traditional exchanges, Uniswap brings forth a few additional extras that may be of interest to the market. It makes market manipulation more difficult in theory and allows for a more stable price situation.

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