Uniswap
AuditedVerifiedBlue ChipUniswap is the leading decentralized exchange protocol, enabling permissionless token swaps on Ethereum and 40+ chains via its AMM model across V2, V3, and V4.
Active Risk Alerts
Live signals detected by Sentinel monitors across all five risk classes.
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Score history
This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.
The Problem
Centralized exchanges carry custody risk, listing barriers, downtime, and geographic restrictions. Early DEXes lacked liquidity and capital efficiency.
The Solution
Uniswap created the AMM model — any token pair can be listed permissionlessly and traded 24/7 with on-chain settlement and self-custody.
Why it Matters
The original AMM inventor and category leader. V3 concentrated liquidity offers up to 4000x capital efficiency vs V2. V4 hooks enable fully custom pool logic without forking the protocol.
Protocol Metrics
Related Research
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How the DeFi Sentinel Index chose and sized its ten tokens for the 2026-10-23 reset: forward cash flow instead of trailing payouts, estimated fee switches, a stated fee-base view per name, a top-ten cut with a watchlist, and a 90-day calendar charged 40 bps per dollar traded.
How to Value a DeFi Token: A Guide to the Token Valuation Tool
A working guide to our DeFi Token Valuation screener — what each table shows, how to read it, and what every control does. Why a multiple means nothing until you check whether revenue reaches the holder, and why a headline 14% yield can still be negative once dilution is netted out.
Frequently asked questions about Uniswap
What is Uniswap?+
Uniswap is a DEX protocol operating on Ethereum, Arbitrum, Base, BSC, Polygon, Optimism, Avalanche, Celo, Gnosis, Unichain. Uniswap is the leading decentralized exchange protocol, enabling permissionless token swaps on Ethereum and 40+ chains via its AMM model across V2, V3, and V4.
How does Uniswap work?+
Uniswap created the AMM model — any token pair can be listed permissionlessly and traded 24/7 with on-chain settlement and self-custody.
Is Uniswap safe?+
DeFi Sentinel rates Uniswap AAA with a safety score of 99/100, indicating highest safety tier. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Uniswap has 4 audits on record. DeFi Sentinel's analysis flagged 1 medium risk alerts across Governance & Centralization. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Uniswap?+
Uniswap has a DeFi Sentinel safety score of 99/100 (rating AAA), last updated October 31, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Uniswap support?+
Uniswap is deployed on Ethereum, Arbitrum, Base, BSC, Polygon, Optimism, Avalanche, Celo, Gnosis, Unichain.
Has Uniswap been audited?+
Yes. Uniswap has 4 audit reports on record from firms including Trail of Bits, Dedaub, OpenZeppelin. Audit reports and dates are linked under the Resources tab on this page.