Part 3/11:
Founded by Hayden Adams and launched in November 2018, Uniswap is the leading decentralized exchange (DEX) with over $4.1 billion in total value locked (TVL). The protocol has generated more than $5.2 billion in cumulative fees.
Recently, Adams proposed a "unification" fee switch, which would allocate a small portion (0.05%) of the 0.3% trading fee on UniV2 pools to buy back and burn UNI tokens. The plan involves a phased rollout—initially affecting V2 pools, select V3 pools, layer 2 solutions, and eventually Uniswap V4 and X, its latest protocol.