Hayden Adams, the Uniswap creator, was just a 23-year-old native of the suburbs of New York in 2017 when he was laid off from his role as an engineer at Siemens.
Adams began by writing an application from scratch, and his friend built a sleek new interface for Uniswap on top of what he describes as an “incredibly shitty” React codebase.
Fast forward five years, and Uniswap has still managed to retain its position as a DEX leader.
Uniswap’s Continued Dominance
According to Messari’s new report titled “Crypto Thesis for 2023, Uniswap’s V3 iteration has proven to be a “true 10x improvement” in terms of the working capital the decentralized exchanges require to run “reliable and low-slippage” operations.
The existing automated market makers (AMMs) have failed to overcome several challenges. For instance, PankcakeSwap’s transaction settlement is deemed to be fairly centralized and relies on a close relationship with popular CEX – Binance. Additionally, Terra’s col
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