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Uniswap V1 Trade Volume Charts (24h)
Uniswap V1 is a decentralized fianancial platform based on the ethereum blockchain. Uniswap V1provides a liquidity pool for ETH and ERC20 token exchange, and it has the most compelling decentralized, license-free, and non-stop features of current DeFi projects.
Uniswap V1does not require any of these features. It does not require users to place pending orders (there are no orders), there is no need for overlapping demand, and it can be bought and sold on demand. The advantage of the Uniswap V1 is its automatic pricing according to a formula, which is based on supply and demand.
As a venue for pooled, automated liquidity provision on Ethereum, the Uniswap protocol (Uniswap V1) functions without upkeep, providing an unstoppable platform for ERC20 token conversion. When a user exchanges A for B, the user's A is sent to the supply pool, which increases the number of A's in the supply pool, and the supply pool's B is sent to the user. When a user exchanges A for B, the user's A is sent to the supply pool, increasing the amount of A in the supply pool, and the supply pool's B is sent to the user. The key issue here is how to provide an exchange rate (pricing) for the exchange of A and B. The Uniswap pricing model is very simple.
The Uniswap V1 pricing model is very simple and its core idea is a simple formula x * y = k . where x and y represent the quantity of two assets, and k is the product of the two assets.
Assuming that the product k is a fixed constant, it can be determined that the larger the value of x, the smaller the value of y. Conversely, the smaller the value of x, the larger the value of y. It can be determined that when x is increased, the smaller the value of y will be. It follows that when x is increased by p, y needs to be reduced by q to keep the equation constant.
To do something more practical, replace x and y with monetary reserves that will be stored in the smart contract.