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Explore, swap and LP tokens on the world’s largest DEX.

We are excited to roll out the most expansive Limit Order offering in DeFi. Users can now place Limit Orders for any token on Ethereum on the Uniswap web app.

Set and Forget Swaps: Introducing Limit Orders on Uniswap

Uniswap users can now bridge across nine networks directly from the Uniswap Interface and Uniswap Wallet.

Permissionless Bridging is Now Live

Today we’re excited to announce that the Uniswap Extension is now available for everyone to download on Chrome.

Uniswap Extension is Now Available for Everyone

Users of the Uniswap mobile app can now buy crypto with a debit card, via bank transfer, or directly from their Robinhood balance using Robinhood Connect.

Buy Crypto Using Robinhood Connect on the Uniswap Mobile App

Product news

Where to find the latest updates on Uniswap Labs products, including the Uniswap Web App and the Uniswap Wallet.

Products

Learn how to get a crypto wallet with our step-by-step beginner’s guide.

How to Get a Crypto Wallet: A Step-by-Step Guide

Your complete guide to the Uniswap Protocol, an Ethereum-based decentralized exchange built for swapping. Explore how it works to swap via the Uniswap Web App or Wallet.

Uniswap 101: What is Uniswap?

Uniswap Labs’ front-end engineer draws parallels between the Unix philosophy and Web3 applications, which creates interoperable, extensible, and reusable code, allowing us to ship better code faster.

The Unix Philosophy at Uniswap Labs

The Project Mariana experiment uses DeFi and AMMs to create foreign exchange markets for the euro, Singaporean dollar, and Swiss franc.

A DeFi Playground for Foreign Exchange Markets

Company News

 The latest and greatest announcements about the company from Uniswap Labs

Company

New Research Shows Uniswap v3 scales with L2s.

Layer 2 Be or Layer Not 2 Be

Research from Uniswap Labs proposes a new methodology for measuring price improvements across Order Flow Auctions (OFAs).

Measuring Price Improvement with Order Flow Auctions

A new paper from a team of researchers at Uniswap Labs, Circle, and the Copenhagen Business School provides insight into how traditional financial factors impact crypto price movements.

New Research on Drivers of Crypto Asset Prices

Most users swap on Uniswap as one of their first actions onchain.

New Onchain? 80% of Wallets Make Their Way to Uniswap on Day One

Research updates

 Explore the latest research and data from Uniswap Labs.

Research

Uniswap users can now swap and provide liquidity on Zora Network with the Uniswap interface and in the latest version of the Uniswap mobile app.

Zora is Now Live on Uniswap

ZKsync is now available on the Uniswap interface. Users can swap and LP on ZKsync.

ZKsync is Now Live on Uniswap

Uniswap users can now swap and provide liquidity on Blast with the Uniswap interface.

Blast is Now Live on Uniswap

You all love v2 so much, we’re bringing it to you everywhere. Uniswap v2 is live on Arbitrum, Polygon, Optimism, Base, Binance Smart Chain, and Avalanche.

Uniswap v2 Now Live Across More Major Chains

Protocol updates

The latest and greatest announcements about protocols from Uniswap Labs

Protocols

Unichain updates

News, updates and announcements about Unichain, an Ethereum L2 Designed for DeFi.

Unichain

Swapping crypto is a seamless way to trade one asset for another directly, without using an intermediary or getting your fiat involved.

What is a Crypto Swap?

Decentralized finance, or “DeFi,” is a growing network of global, permissionless, peer-to-peer financial apps and protocols that rely on blockchains.

What is DeFi? An Intro to Decentralized Finance

An intro to the Ethereum blockchain network, its key features, the ether token (ETH) and more.

What is Ethereum?

Discover how decentralized exchanges (DEXs) work, the benefits of using one, and how to connect your wallet to a DEX. 

What is a Decentralized Exchange (DEX)?

Basics updates

Start your onchain journey here. Learn how to swap tokens, connect to apps, explore DeFi, and much more.

Basics

Ledger, the global leader in digital asset security for consumers and enterprises, integrated the [Uniswap Trading API](https://hub.uniswap.org/?utm_medium=blog&utm_source=blog&utm_campaign=ledger-case-study&utm_content=trading-api-home) to offer decentralized, permissionless swaps directly inside Ledger Wallet.

By choosing Uniswap’s API, Ledger enables native support for swaps while maintaining its core principles of user control and security.

# The challenge
Ledger Wallet is trusted by millions, and works seamlessly with Ledger signer devices to provide full control and secure self-custody of digital assets.

As swapping activity grew among its users, [Ledger](https://www.ledger.com/) looked for a way to offer trusted, decentralized swap functionality natively inside the wallet. This would allow users to stay in the secure environment of their Ledger device without being redirected elsewhere.

Meeting this demand required Ledger to integrate a solution with access to deep liquidity, fully permissionless access and fast, consistent execution. 

# The solution
After evaluating options, Ledger chose the Uniswap Trading API. It provided a trusted, production-ready way to add decentralized swaps without having to deal with the complexity of gas estimates or building their own routing. 

Uniswap’s deep liquidity, reliable performance, and alignment with Ledger’s commitment to user control made it the clear choice, supported by an API that is well-designed, easy to work with, and backed by a consistently responsive team.

The API also allowed Ledger to maintain its secure device-based signing flow, and the combination of clear documentation and hands-on support helped make implementation fast and smooth across engineering and product teams.

*"Uniswap has been present since January 2025 within the Ledger Wallet App. Uniswap API has been built to offer the best possible and the simplest Swap experience to any Wallet user. Since Ledger has made the Uniswap Trading API available to Ledger Wallet users, the combination with Ledger's signers' clear signing on secure screen brings together simplicity, choice, fast transaction time and unique security."* __— Jean-Francois Rochet, EVP of Consumer Services at Ledger__

# The results
Uniswap has quickly become a popular swap option within Ledger Wallet. Users can access onchain liquidity while staying in Ledger’s secure signing environment.

The integration also gives Ledger a straightforward path to add support for more chains over time.

# Why it matters
Ledger and Uniswap Labs share a commitment to secure, user-owned access to DeFi. 

By connecting Ledger’s hardware-backed self-custody model with Uniswap’s liquidity infrastructure, the integration delivers a seamless decentralized swap experience within an environment users already trust.

__Explore what the Uniswap Trading API can unlock at [hub.uniswap.org](https://hub.uniswap.org/?utm_medium=blog&utm_source=blog&utm_campaign=ledger-case-study&utm_content=trading-api-home).__


Ledger uses the Uniswap Trading API to bring secure, permissionless swaps into Ledger Wallet, pairing self-custody with trusted onchain liquidity.

Ledger Unlocks Secure, Onchain Swaps with the Uniswap Trading API

Making a crypto swap on a [decentralized exchange](https://blog.uniswap.org/what-is-a-decentralized-exchange) only takes a few clicks. The convenience and reliability of these onchain swaps is made possible, in part, by “liquidity providers” who supply tokens to liquidity pools, which are a cornerstone of [decentralized finance](https://blog.uniswap.org/what-is-defi). These pools enable trading, help balance prices, and can reward providers in return.

Discover how liquidity provisioning (or “LPing”) on [automated market makers](https://blog.uniswap.org/what-is-an-automated-market-maker) works and how to weigh the potential rewards against the risks and responsibilities of managing a liquidity position.
# What is liquidity provisioning?
Liquidity provisioning (or LPing) involves depositing a pair of tokens into a liquidity pool on a decentralized exchange like the Uniswap Protocol. These pools use smart contracts to enable permissionless, onchain trading.

By supplying liquidity, liquidity provisioners (or LPs) help ensure that traders can swap tokens efficiently, with minimal slippage when pool depth is high. In return, LPs earn a share of the trading fees — and in some cases, additional rewards.

Not all onchain activity involves LPs, but without them, the open markets that define DeFi wouldn’t exist.
# How do I become a liquidity provider on Uniswap?
Anyone can LP on Uniswap. There’s no minimum deposit required, and it’s easy to get started with just a pair of tokens. Some users add a little liquidity to learn, while others build more active strategies.

Becoming a liquidity provider starts with choosing a pool and depositing two tokens — like USDC and ETH. The amounts you deposit will be equal in market value. To LP on the Uniswap Protocol, this can be done directly through the [Uniswap Web App](https://app.uniswap.org/positions/?utm_medium=blog&utm_source=blog&utm_campaign=lp-blog&utm_content=uniswap-positions).

Once deposited, the tokens sit in a smart contract and provide liquidity for other users’ swaps. Every time someone trades against the pool, each LP that has contributed to the pool earns a portion of the trading fees, proportional to their share of the total liquidity.

LPs can add, remove, or adjust their position at any time — and they can collect their earned fees whenever they choose.

<Video source="//videos.ctfassets.net/oc3ca6rftwdu/2nZ8rQIUWahPHLJjZ5xdkB/596ae049eebfd43f6d8f29f81f9d28e9/LP_on_Uniswap_Protocol.mp4" description="Choosing an LP position" />

# Evaluating LP rewards and mitigating risks

Providing liquidity comes with tradeoffs, and understanding them can help you make smarter decisions if you choose to LP.

**1. Impermanent loss.** When the price of one token in your pair changes relative to the other, your position may be worth less than if you had simply held both tokens. Fees can help offset this, but not always. This loss, however, only becomes permanent if you withdraw your liquidity while prices are still out of balance.

**2. Market volatility.** Sharp price swings can increase the likelihood and impact of impermanent loss — which can be more common in volatile or uncorrelated pairs. 

**3. Fee variability.** LPs earn a portion of trading fees, but earnings depend on how much trading occurs — and whether your position is active within the pool’s price range.

**4. Price range exposure.** On Uniswap v3 and v4, you only earn LP rewards when the market price stays within your selected range. If the price moves out of range, your position may stop earning fees until you adjust it. In an earlier version of the Uniswap Protocol, v2, liquidity is always active across all price levels, and custom ranges are not available.
# More considerations for participation in onchain markets

With the right approach, LPing becomes a strategic way to participate in onchain markets. A few more considerations:

- **Choose token pairs you understand.** Get familiar with each token’s market dynamics — like what drives its price, how volatile it tends to be, and how it's used onchain.
- **Look for pools with steady trading and tokens that tend to move together in price.** These pairs — for example, many stable-stable pairs — often earn more consistent fees and are less likely to experience large impermanent losses.
- **Use platforms that offer control, transparency, and secure pools.** The [Uniswap Web App](https://app.uniswap.org/positions/?utm_medium=blog&utm_source=blog&utm_campaign=lp-blog&utm_content=uniswap-positions) lets you track performance, adjust your range, collect fees, and exit your position at any time.
- **Adjust your position based on how you think the market will move.** Tighter ranges concentrate your capital and can earn more fees — but they stop earning if the price moves out of range. [Learn how concentrated liquidity works →](https://docs.uniswap.org/concepts/protocol/concentrated-liquidity)

With a thoughtful setup and a bit of maintenance, LPing can be a practical way to participate in DeFi markets — and earn along the way. As with trading or any other DeFi activity, take time to understand what you’re participating in and do your own research.

# Explore pools on the Uniswap Protocol

Anyone with a pair of tokens can provide liquidity.

The Uniswap Protocol is entirely permissionless and open to all. With the [Uniswap Web App](https://app.uniswap.org/positions/?utm_medium=blog&utm_source=blog&utm_campaign=lp-blog&utm_content=uniswap-positions), you can start LPing in minutes, monitor your positions, and adjust or withdraw liquidity whenever you like.
## Frequently asked questions
<details>
 <summary>What are LP rewards in DeFi?</summary>
 LP rewards are earned by users who supply token pairs to liquidity pools on decentralized exchanges. These rewards typically come from trading fees.
</details>

<details>
 <summary>How do I become a liquidity provider?</summary>
 You can become an LP by choosing a pool and depositing two tokens of equal market value. This can be done directly through the <a href="https://app.uniswap.org/positions/?utm_medium=blog&utm_source=blog&utm_campaign=lp-blog&utm_content=uniswap-positions">Uniswap Web App</a>.
</details>

<details>
 <summary>Do LPs earn rewards all the time?</summary>
 In Uniswap v3 and v4, LPs only earn rewards when the market price stays within their selected range. In v2, liquidity is active across all price levels by default.
</details>

<details>
 <summary>What risks come with providing liquidity?</summary>
 Risks include impermanent loss, market volatility, and fee variability. If the price moves out of your selected range in v3 or v4, your position may stop earning fees until you adjust it.
</details>

Liquidity pools are the backbone of DeFi. Here’s what to know before you provide liquidity (LP) onchain.

Understanding Liquidity Provision in DeFi

Today we’re excited to announce Continuous Clearing Auctions (CCA), a permissionless protocol that helps teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.

This is the first of several tools we’re building to help projects launch and deepen liquidity on the Uniswap protocol.

Built in collaboration with Aztec, the first project to launch with CCA, the protocol also includes an optional ZK Passport module that enables private, verifiable participation.

## What CCA solves

Liquidity formation often happens behind closed doors. That creates information gaps, privileges a few players, and can leave markets thin and unstable. We think there is a better way. CCA was designed around three core principles:

* **Onchain-native market creation.** The entire auction runs onchain, with pricing, bidding, and settlement happening transparently. No gatekeepers or offchain deals. 
* **Fair, gradual price discovery.** Supply is distributed over time through a continuous clearing process. This incentivizes bidding early, reduces sniping, limits volatility, and helps the market converge toward a fair value. 
* **Automatic liquidity seeding on Uniswap v4.** When the auction ends, proceeds automatically create a Uniswap v4 pool at the discovered price, deepening liquidity.

## How it works
<Video source="//videos.ctfassets.net/oc3ca6rftwdu/6pC1HQfR9sqCc1dJ2NOKdz/3cb11729cb594f8c697317bbdf8efb54/CCA-optimized-for-web.mp4" description="DESCRIPTION" />

**Setting up the auction**

Projects start off by defining how many tokens to sell, a starting price, and how long the auction will run. They can also customize with options like running in tranches, adding verification tools such as ZK Passport, or building entirely new modules on top of the platform.

**Placing bids**

Users then submit bids, specifying a maximum price and a total spend. Bids are non-withdrawable while in range (can be withdrawn if they’re out of range) but users can place as many as they like while the auction is live. Each bid is automatically spread across the remaining blocks of the auction, using the same max price for every split. A bid only fills if the block’s clearing price is at or below the bidder’s limit.

**Finding a price**

At the end of each block, the protocol sets a single market-clearing price – the highest price where all tokens for that block can be sold. Higher bids fill first, then bids at the clearing price, pro rata if needed. Everyone who fills in that block pays the same price.

As more bids come in and supply per block stays pre-set, clearing prices stay the same or trend upward. Early bidders tend to get a better average price since a larger portion of their bid can fill in earlier, cheaper blocks.

## What’s next

The Continuous Clearing Auction contract is live, and available for anyone who wants to use it. In the coming months, we’ll release additional modules to improve the experience for projects and communities launching with CCA.

Read the [documentation](http://docs.uniswap.org/contracts/liquidity-launchpad/Overview) and [reach out to our team](https://share.hsforms.com/1JvhInfDuQ8mYmvju2-H3_Qs8pgg) if you’re interested in learning more about Continuous Clearing Auctions.

Today we’re excited to announce Continuous Clearing Auctions (CCA), a permissionless protocol that helps teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.

Continuous Clearing Auctions: Bootstrapping Liquidity on Uniswap v4

Starting today, we’re rolling out support for Solana. That means you can connect your Solana wallet and swap Solana tokens directly from the [Uniswap Web App](https://app.uniswap.org//?utm_medium=blog&utm_source=blog&utm_campaign=solana&utm_content=app-uniswap-swap) alongside Ethereum and 13+ other networks.

This has been one of the most requested features from our community. Solana has become home to an emerging DeFi ecosystem, with more than [$11.4B in DeFi TVL](https://defillama.com/chain/solana). Until now, Uniswap Web App users had to leave the app to trade on Solana. With support built in, you can now access tokens across Ethereum, Solana, Unichain, Base, and more – all from the Uniswap Web App.

## Why Solana

Ethereum and Solana are two of the largest ecosystems in DeFi. But they’ve developed separately, which has left users managing different wallets, learning new interfaces, and jumping between apps just to access the tokens they want. That kind of fragmentation makes DeFi harder than it should be. It adds friction for experienced swappers and raises the barrier for people just getting started.

Bringing Solana into the Uniswap Web App helps fix that. Now you can swap tokens across ecosystems from one trusted place. It’s a simpler, smoother experience – reinforcing Uniswap products as the trusted access points to all of DeFi across chains, now including Solana.

## One interface for all of DeFi

With Solana live, users will be able to access more liquidity and more tokens, right from the Uniswap Web App. For swappers, that means fewer steps and fewer tools to access Ethereum, Solana, and over a dozen other networks directly from one trusted interface.

## How to swap on Solana

To get started with Solana on the Uniswap Web App, connect your favorite Solana-supporting wallet, select the network button, and choose Solana. Swaps are powered by the Jupiter API, making over a million Solana tokens available directly on the Uniswap Web App.

## What’s next

This launch is the first phase of Solana support in Uniswap apps. Next up, we’re exploring bridging, cross-chain swaps, and full Uniswap Wallet support, making it easier to move across chains without leaving Uniswap apps.

Solana swaps are rolling out now. Connect your Solana wallet to the [Uniswap Web App](https://app.uniswap.org//?utm_medium=blog&utm_source=blog&utm_campaign=solana&utm_content=app-uniswap-swap) and start swapping today.

You can connect your Solana wallet and swap Solana tokens directly from the Uniswap Web App alongside Ethereum and 13+ other networks.

Solana is Now Live on the Uniswap Web App

Why Solana

One interface for all of DeFi

How to swap on Solana

What’s next

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