Market Realist is a registered trademark. Inspired by this idea, Hayden Adams, a former mechanical engineer who lost his job at Siemens, decided to start working on implementing it in October 2017. . Brad Garlinghouse Source: Ripple Net-worth: $2.9 billion13. According to statistics from Crypto Fees, the decentralized exchange Uniswap is second place to Ethereum in terms of transaction fee volume. Gary Wang Source: FTX Net-worth: $5.9 billion5. In the early days of his startup, Hayden Adams was working full-time and creating Uniswap on the side. . These investors are called liquidity providers but they function similarly to market makers, just incredibly passive ones. Rather, its a poor traders old friend: adverse selection. Still, he envisions a future where traders use Coinbase to trade for tokens but Coinbase uses Uniswap. Centralized exchanges will potentially become custodial interfaces to decentralized platforms, he said. From a perspective of I dont know what Im going to do with my life, it was scary at the time. Exchanges such as Coinbase are even looking at adding similar pools. Currently, he is working as the host of The Hunt With John Walsh which is more similar to Americas Most Wanted show. Bachelor of Arts/Science, Stony Brook University. Bank of Ireland Share Price Prediction Buy or sell Bank of Ireland Group stock? Eric Young Source: NFT Collector Net-worth: $50 million95. As Noyes writes, it mainly has to do with figuring out how to price liquidity provisioning. Now that we have know how much Uniswap is worth its time we make an ending to this interesting content by telling Hayden Adam net worth. Facebook; Twitter . Adams became obsessed. Thats because asset pools are matched to create a price based on an algebraic equation called a bonding curve. That doesnt mean its all smooth sailing. Adams' net worth is approximately $250 million. Still, its good enough at $1.33 billion TVL to net fifth place, according to DeFi Pulse. Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. Even as they grow, . They also give more flexibility for preempting market conditions and allowing traders to set bids at different levels. Hayden Adams took a $65,000 grant and turned it into a $2 billion protocol; no other developer has come close to that. For example, Uniswap offers ether for sale along with its native token UNI. Impermanent loss isnt something new to Max Bonen, founder of OTC trading desk B2C2, talking to CoinDesk in a phone interview. Its impermanent because LPs typically dont remove funds from a pool actively they are more often than not passive investors and so the price of the token could recover. The price "will basically stay flat for a period of time while other markets have moved. Taking a $65,000 grant and turning it into a $2 billion platform, Adams went from jobless to a millionaire with time and dedication. We bring you crypto news, coin price prediction, nfts, crypto talks, airdrop, web3 guide, crypto jobs, and every happening around the entire Web3 ecosystem. They shared their own experiences with unexpected and unwarranted bank account closures. industry Finance as a service. We asked the Uniswap founder for his perspective on the history and future of his creation. Prior to Uniswap, Hayden was an engineer at Siemens. There, Floersch became interested in Ethereum and quickly entered the crypto world after graduating. A week after that, Uniswap goes up by 20% and now your investment costs 2,400. Nikhil Viswanathan Source: Alchemy Net-worth: $2.4 billion15. Uniswaps founder Hayden Adams discussed Shkreli after the Twitter Spaces topic started to trend on social media. Whats The Deal With Dilbert Creator Scott Adams? Uniswap addresses a few issues with DEXs such as poor user interfaces, bad quotes and high slippage through its underlying infrastructure. "I know many individuals and companies who have been similarly targeted simply for working in the crypto industry," wrote Adams. Oddly, the man responsible for the roller coaster of DeFi Summer couldnt be more different from a degenerate. Source: A video screenshot, Youtube/Fluidity Hayden Adams, the creator of major decentralized exchange Uniswap, said that American banking giant JPMorgan Chase closed his banking accounts with no notice or explanation. I know many individuals and companies who have been similarly targeted simply for working in the crypto industry. Hayden Adamssoon felt the need to work on a real project to stay motivated. For example, Uniswap offers ether for sale along with its native token UNI. Earlier this year, it surpassed $1 trillion in lifetime trading volume. Putting a sticker tag on liquidity provisioning is dependent on a new phrase in the crypto lexicon, that being impermanent loss. Impermanent loss attempts to measure the price loss an LP takes when a token price moves against the holder in a pool. Jed McCaleb Source: Ripple Net-worth: $2.5 billion14. In just 12 months, Uniswap facilitated transactions worth more than $1.8 billion. At an early age, he was fond of singing. In a few keystrokes, Adams not only won the AMM liquidity wars, he became everyones favorite cryptocurrency developer. In mid-October, Paradigm partner and quantitative analyst Charlie Noyes spit out a new bloghttps://www.paradigm.xyz/open-problems/index.html describing three problems he and Paradigm have yet to answer about Uniswap a project in which they hold a significant stake. Technologies. I was living at home [in the New York suburbs] for a while, Adams said. The blogs questions mostly consider the dynamics of providing liquidity to Uniswap and what trade-offs exist. Javier Sim Source: Bithumb Net-worth: $50 million90. Ashok Ayyar. His code proves a decentralized exchange (DEX) is not only possible but more than capable of matching heavyweight competitors like Coinbase pound for pound. Are large banks starting to target high-profile people in the crypto industry? Hayden has 3 jobs listed on their profile. The DEX forked from Uniswap and, through a "vampire attack," siphoned TVL from the Hayden Adams-led exchange. Yet, through his protocol, he may in fact be King of the DeFi Degens. Learn about their Financial Software, Software market share, competitors, and Uniswap's email format. Youre going to have decentralized infrastructure at the center. All Ethereum projects can be found first in a Vitalik Buterin blog post or so it seems like from outside looking in. Uniswap works the following way: Investors deposit equal amounts in value of tokens into the dapps contracts. Adams net worth is estimated to be around $250 million. Being able to write functions that send money and receive money in a native way is very fun.. I was living at home in the New York suburbs for a while, Adams said. Although Uniswap v2 launched in May, its liquidity and daily volumes remained low compared to where it sits now. Adams had resisted moving into crypto for years, even passing up ether (ETH) at $0.30 a coin. It also didnt help to debut Uniswap v1 in the midst of a crypto bear market, where ETH drew down some 95% from its peak price value. Cameron Winklevoss Source: Bitcoin Net-worth: $4 billion8. Uniswap v1 launched at DevCon 4 in November 2018. But,given the rise in usage, the market continues to impress the importance of these questions. It's a totally different model of trading and market structure. Email Formats. Hayden Adams created Uniswap, which went live in November 2018. Noyes, Paradigm and developers like Adams are mostly focused on the idea that markets can enfranchise retail traders by making them part of the game. Hayden Adam Net worth 2022. But in 2017, after losing his job, that changed. Hayden Adams took a $65,000 grant and turned it into a $2 billion protocol; no other developer has come close to that. Because it is Ethereum-based, Uniswap is fully-compatible with all ERC-20 tokens and other Ethereum infrastructures such as wallet services like MetaMask and MyEtherWallet. Recently, JPMorgan Chase closed Hayden Adams' bank accounts. Adams was let go by Siemens after only a year, leaving him uncertain about his future even if he hadnt been particularly fond of working for the German engineering giant. admin Aug 06, 2022 0 Comments. View Mary-Catherine Lader. Funnily enough, Uniswaps creators are still trying to figure out exactly why passive market making on Uniswap works. According to Uniswap, it aims to "complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.". Second, he learned to code while living at his parents' house. He graduated from Stony Brook University with a bachelor in engineering in 2016. The NFT of the art below, by, https://www.paradigm.xyz/open-problems/index.html. Here, Floersch stepped in again, introducing Adams to the concept of a decentralized exchange. He lived in Brooklyn, N.Y., off his ETH stash, programming away for months on a Uniswap proof-of-concept. Check out Uniswap's net worth in US Dollar Feb, 2023. As you may know, Hayden was inspired by Vitalik Buterin to create a decentralized exchange similar to Bancor's model, but without the BNT token. Son Chi-hyung Source: Upbit Net-worth: $3.7 billion10. With over $1 billion worth of tokens moved since its launch, Uniswap has emerged as the most well-liked decentralised exchange system on Ethereum. Spurred on by the curiosities of cryptocurrency, Adams went from unemployed and directionless to a programmer within months. For example, whats toxic flow? Lin Han Source: gate.io Net-worth: $350 million53. Traduzioni in contesto per "ovvero un valore tre volte" in italiano-inglese da Reverso Context: Il carico utile massimo di 15 kg, ovvero un valore tre volte maggiore rispetto a prima. Ben Zhou Source: Bybit Net-worth: $45 million99. According to Adams, others who work in the crypto industry have also been targeted. Prior to founding Uniswap, Hayden worked as a Software Engineer for Siemens, where he performed engineering simulations and design exploration for clients in the . Micree Zhan Source: Bitmain Net-worth: $3 billion12. The story behind Hayden Adams: What is the Uniswap founders net worth? By day he sat in the MakerDAO or Balance offices; by night he coded Uniswap. Spurred on by the curiosities of cryptocurrency, Adams went from unemployed and directionless to a programmer within months. Some investors prefer trusted parties to hold funds. At its core, Uniswap is about making finance more accessible, Adams said in an email. In fact, Adamsflew to Seoul, South Korea, to attend a crypto conference for which he didnt have a ticket (he wasnt allowed in, but he was able to talk about Uniswap with Buterin). Centralized exchanges will potentially become custodial interfaces to decentralized platforms, he said. Indeed, Uniswaps unique offering has been a central topic to traders since it exploded in popularity this summer. Other people have been scorned by banks over the years, like the founder of Abracadabra, the decentralized loaning and crypto yielding platform. Hayden Adams is the founder of Uniswap, one of the most widely used decentralized applications built on Ethereum. 12 lessons on building for web3 from crypto's #1 DEX. He graduated from Stony Brook University with a bachelors in engineering in 2016. View For instance, whats the optimal fee to charge for trade on Uniswap? In July 2018 he won the $50k prize and rushed to launch the project to the world. The first version of Uniswap was launched on the last day of the Devcon 4 conference, with only $30,000 worth of initial liquidity across 3 tokens. It is designed around ease-of-use, gas efficiency, censorship resistance, and zero rent extraction. Banks might not have to explain to users why their accounts have been closed but is it right? Still, he envisions a future where traders use Coinbase to trade for tokens but Coinbase uses Uniswap. Millions of UNI were distributed to any early developers, investors, Uniswap $SOCK holders (yes, tokenized socks) and any wallet that had interacted with the Uniswap contracts. Hayden Adams is founder of Uniswap, one of the most widely used decentralized applications built on Ethereum. Hayden Adams: King of the DeFi Degens - CoinDesk Consensus Magazine Learn Bitcoin Calculator Consensus Webinars Indices About Markets Finance Technology Web3 Policy Sponsored Content Upcoming. Location: Brooklyn, NY Add to My Lists. Chris Larsen Source: Ripple Net-worth: $4.3 billion7. Uniswap Hits 12 Digits. Uniswap is open source, meaning people can clone its code and launch their own variant. Uniswaps dependency on outside forces to set market prices forces LPs to eat bad trades. The founder of the decentralized exchange protocol Hayden Adams made note of the trading volume on Twitter earlier today. Hayden Adams, founder of the new decentralized exchange Uniswap, discusses how Uniswap differs from a traditional exchange based on order books, how market the contract determines the price of the tokens, and how market making on Uniswap is similar, in terms of payment, to participating in a mining pool. (Some years later, Bancor seems to have lost the AMM race, with Nomics reporting $1.23 million in 24-hour volume on Dec. 7, compared to Uniswaps $309 million). Of course, hes pretty bullish on decentralization: I basically believe that decentralized infrastructure will be the underlying thing for everything. That limited the AMMs functionality greatly. The CoinMarketCap estimated that the 24-hour trading volume of Uniswap was $684 million , which made Uniswap the top third decentralized exchange by trading volume after MDEX ($5.8 million) and PancakeSwap ($741 million). He was born and raised in Dallas, Texas. In fact, the project, begun in the lulls of his unemployment, broke Coinbases daily trading volume in September for the first time in DeFis own flippening.. In fact, the project, begun in the lulls of his unemployment, broke Coinbases daily trading volume in September for the first time in DeFis own flippening.. Probing the intersection of crypto and government. Personal Investments Number of Investments 1 Hayden Adams invested in WalletConnect on Nov 3, 2022. Anthony Pompliano Source: Crypto Investor Net-worth: $200 million61. In 2016 and 2017, decentralized exchanges were even more so in their infancy than now, with Adams pointing to EtherDelta as the best such platform. Job Department. Funnily enough, Uniswaps creators are still trying to figure out exactly why passive market making on Uniswap works. Although Uniswap v2 launched in May, its liquidity and daily volumes remained low compared to where it sits now. Uniswap is a decentralized application, or dapp, built on the Ethereum blockchain. Its only when the fee-adjusted price moves enough. Those few pools matter, though. Hayden Adams, the creator of the Uniswap protocol, is a soft-spoken developer, first dragged into cryptocurrency less so for the money than the opportunity to make something of himself. Uniswap founder Hayden Adams tweeted Sunday that JPMorgan Chase has closed his bank accounts without notice or explanation. Its a smart contract that facilitates token trades between different parties. Fewocious Source: NFT Artist Net-worth: $50 million93. At its core, Uniswap is about making finance more accessible, Adams said in an email. Theme: Newsup by Themeansar. From a perspective of I don't know what I'm going to do with my life, it was scary at the time. Does this insinuate that users aren't entitled to these financial services? He completed his early schooling at a local high school in Dallas, Texas. It is estimated that. Uniswap eclipses Coinbase Uniswap logged $6.4 bln worth of trading volume in August alone, dwarfing all other DEXes. While promising, it lacked a few technical features to make it truly market moving. Barry Silbert Source: Digital Currency Group Net-worth: $3.2 billion11. The Uniswap protocol was launched and created by Hayden Adams in November 2018, with the initial idea behind it being described and inspired by Ethereum co-founder, Vitalik Buterin. Some 200 teams are currently building different projects leveraging Uniswap as a base layer, he said, such as for margin trading. Contacts. Uniswaps dependency on outside forces to set market prices forces LPs to eat bad trades. There was an acute lack of smart contract developers for Ethereum, a smart contract blockchain, Floersch told Adams. Related Markets N/A. A Stony Brook University grad, Adams worked for a year as an analyst at manufacturing giant Siemens doing heat flow simulations. Hayden adams net worth. It was a very weird time. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Since then,. Hayden Adams, creator of the Uniswap protocol, is a soft-spoken developer, first dragged into cryptocurrency less so for the money than the opportunity to make something of himself. Your email address will not be published. The story behind Satoshi Nakamoto: What is the Bitcoin founders net worth? Hayden Panettiere net worth Jansen Panettiere net worth . This is most clearly seen [by] how much easier it is to participate in automated market making compared to traditional market making.. Adams had resisted moving into crypto for years, even declining buying Ethereum at $0.30 a coin. Market making is the practice of offering bids and asks on an exchange. Hayden Adams is founder of Uniswap, one of the most widely used decentralized applications built on Ethereum and it is currently the world leading DeFi DEX. Articles. On Twitter, Adams announced the shadowy allegations regarding the apparent closure of his accounts without rhyme or reason. But you probably know it as the first decentralized exchange to successfully embrace the Automated Market Maker (AMM) liquidity provision protocol. There is no exact record of Hayden Adams Networth as of now, but we know that Uniswap are in time of success. According to cointelegraph.com, Hayden Adams, CEO of Uniswap, tweeted Monday that the site was the first decentralized exchange to handle transactions of over $100 billion. When Will the Stock Market Turn Bullish Again? On Sunday, Polygon's Mudit Gupta flagged that GoETH were trading for $0.69 each. I was living at home [in the New York suburbs] for a while, Hayden Adams said. Yet, it took a pseudonymous competitor to really make Uniswap shine in perhaps the most dramatic moment of DeFi Summer: SushiSwap, Chef Nomi, and the liquidity wars. On January 23, 2022, Adams tweeted that his bank accounts with JPMorgan Chase were closed for no apparent reason. Or, how does liquidity provisioning stand up against merely holding the same digital asset but not placing it in Uniswaps pools? Doing so is difficult. There are some 25,000 tokens with trading pools on the exchange, although only a handful of them have meaningful liquidity. It wasnt bad work, particularly compared to modeling car efficiencies at Siemens: Programming with money is just really fun, he said. Hayden Adams Uniswap (UNI) Founder. Hayden Adams made the concept a reality with some help from the ETH community. The first version (v1) of the Uniswap protocol was published in November 2018 as a proof-of-concept for AMMs (Automated Market Makers). Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. 59 - Uniswap | Hayden Adams Bankless Shows 196K subscribers 32K views 1 year ago Bankless Podcast Hayden Adams is the inventor of Uniswap, the decentralized trading protocol. Other than his Instagram and Twitter handles, Summerall is live on Musical.ly (now known as TikTok) and a lively app and has been posting several lip-sync videos of himself. First, he bought ETH in March 2017. He said: I was working so much I couldnt take a break. Buterins article was sent to Adams by Karl Floersch in the fall of 2017 and would become his first project. And forays into the math and accompanying commentary only reveal how deep the barrel is from which Noyes is pulling questions. His tenacity and clearness of vision are an inspiration to me and to countless crypto founders that Ive spoken to, Robinson said. Adams expects Uniswap to continue sucking up spare liquidity driven by AMM incentives while other parties begin building on top of Uniswap itself. I think its going to be very. Competition with SushiSwap and the subsequent UNI airdrop pushed Uniswap to new levels of popularity. The inventor of Uniswap, Hayden Adams, added: $1 trillion all-time volume. Hayden Adams. In mid-October, Paradigm partner and quantitative analyst Charlie Noyes spit out a new blog describing three problems he and Paradigm have yet to answer about Uniswap a project in which they hold a significant stake. On Aug 30 2020 the first time Uniswap surpassed Coinbase Pro in daily trading volume, he tweeted: Wow, Uniswap 24hr trading volume is higher than Coinbase for the first time ever. Micree Zhan Micree Zhan co-founded Chinese crypto. The UNI price increased 5.51% in the last 24 hours. Your email address will not be published. Uniswap History: Uniswap was created on November 2, 2018 by Hayden Adams, a former mechanical engineer at Siemens. In 2016 and 2017, decentralized exchanges were even more so in their infancy than now, with Adams pointing to EtherDelta as the best such platform. Apparently Adams hasnt spent as . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. . In a ETH/UNI pool, ETH is priced in UNI and UNI is priced in ETH. The all-time volume of leading DEX Uniswap has topped $50 billion with users still awaiting Uniswap version 3 . Apr. The story behind Tom Lee: Who is the Fundstrat founder and what is his net worth. Through memes, Twitter ratios and coordinated pump-and-dumps, the DeFi Degen is the dominant life form driving a pernicious part of decentralized finance (DeFi), a crypto subculture known for brand loyalty verging on religious zealotry. Proudly powered by WordPress Most of McCaleb's wealth comes from the estimated 3.4 billion XRP he still holds,. That prize is currently held by Binance, another crypto unicorn, and would require a 10-fold increase in volume, Adams said. What you cant clone is the users and, therefore, the liquidity. SushiSwap Holds $30.6 Million Worth Of Digital Assets. Unsiwap is an Ethereum-based decentralized exchange and a decentralized finance (DeFi) protocol. So, on November 2, 2018, at Devcon 4 in Prague, Uniswap was launched on Mainnet. The layoff definitely turned out to be the best thing that ever happened to me.. Since May, his projects total value under lock (TVL), or the dollar value of tokens locked in the smart contract of a given decentralized lending project, is up some 3,500%, from $35 million to $1.3 billion. Followed by the release of its upgraded version UniSwap V2 in 2020. But what weve seen is that in September of this year, Uniswap did $15 billion in volume and Coinbase did [about] $12 billion, Adams said. Uniswaps smart contracts set prices for each token against the number of reserves of the two tokens against each other. November 7, 2021. Already the leading decentralized exchange (DEX) by market share last year, it survived the infamous SushiSwap "vampire attack," and has continued to release . He also appeared as a special guest on an episode of Extreme Makeover, in which they visited the home of Morgan Nick, a six-year-old girl who has been missing since 1995. Adams' story, then, isnt too distant from many who enter the cryptocurrency space and hit it big. Thus the spirit of Uniswap is not dissimilar from the general premise of Bitcoin and its attempt to free money from the government by democratizing the buying and selling of tokens. Adams also had moved Uniswap from Solidity to Vyper, a programming language purpose built for Ethereum smart contracts. Constant product market AMMs are different from traditional market making in a few ways. The latest moves in crypto markets, in context. Bonen further simplified Uniswaps problem to an AMMs properties being open and therefore gamable. During a conversation with him, Adams brought up Uniswap and shared its smart contracts with Buterin. (Some years later, Bancor seems to have lost the AMM race, with Nomics reporting $1.23 million in 24-hour volume on Dec. 7, compared to Uniswaps $309 million). Uniswap is the most used Ethereum application when looking at contract calls, second only to stablecoin tether (USDT) overall. Uniswap reached its highest price on May 3, 2021 when it was trading at its all-time high of $ 44.93, while Uniswap's lowest price was . Uniswap addresses a few issues with DEXs such as poor user interfaces, bad quotes and high slippage through its underlying infrastructure. Uniswap works the following way: Investors deposit equal amounts in value of tokens into the dapps contracts. Youre going to have decentralized infrastructure at the center. Adams was introduced to the idea of Uniswap by Ethereum co-founder Vitalik Buterin in a Reddit post entitled Lets run on-chain decentralized exchanges the way we run prediction markets., Sign up to get our weekly cryptocurrency, NFT and metaverse news round-ups direct to your inbox. Then he lured away capital from Uniswap to SushiSwap by offering higher returns to liquidity providers (LPs) in what is now called vampire mining.. Rather, its a poor traders old friend: adverse selection. v2 was launched in May 2020 and v3 was launched in May 2021, introducing new options to . Uniswaps value proposition as an exchange feeds upon Ethereum and vice versa: Ethereum is a blockchain for decentralized applications, especially for launching your own token, while Uniswap is an exchange for those tokens. A small portion of the trade is left in the pool to grow the market while another portion, 30 basis points (bps), is given to LPs for long-term growth. Everything will be settled on Ethereum. This article is part of CoinDesks . "Thanks for making it a personal." Adams' bank accounts were closed last week. It's only when the fee-adjusted price moves enough. Millions of UNI were distributed to any early developers, investors, Uniswap $SOCK holders (yes, tokenized socks) and any wallet that had interacted with the Uniswap contracts. Of course, hes pretty bullish on decentralization: I basically believe that decentralized infrastructure will be the underlying thing for everything. The biggest crypto news and ideas of the day. Constant product market AMMs are different from traditional market making in a few ways. Welcome to this week's Bridging the Gap. Putting a sticker tag on liquidity provisioning is dependent on a new phrase in the crypto lexicon, that being "impermanent loss." Impermanent loss isnt something new to Max Bonen, founder of OTC trading desk B2C2, talking to CoinDesk in a phone interview. The earning scheme has had some staying power since the liquidity wars, too. Interestingly, Uniswap was one of the first projects built on Vyper, which he presented at 2018s EdCon in Toronto. Hayden Adams @haydenzadams 7 Dec 2020 1/ A maker governance proposal was just put forward voting to add DAI-ETH and USDC-ETH Uniswap liquidity tokens as collateral This would allow Uniswap LPs to a) increase the capital efficiency of their liquidity or even b) modify their exposure in a meaningful way. By Aakash Gupta. Anyone can make markets, but it takes some skill to turn a profit and not blow up your account. SushiSwap, een populaire multichain gedecentraliseerde wijziging (DEX), verbrandt jaarlijks ongeveer $ 5 miljoen, onthulde de chef-kok, Jared Gray, op 28 februari. Hayden Adams, creator of the Uniswap protocol, is a soft-spoken developer, first dragged into cryptocurrency less so for the money than the opportunity to make something of himself. Uniswap Executive Team & Key Decision Makers. Met 2022 waar die mark na die bere leun, wat kan ons vorentoe van Uniswap verwag? Adams' net worth is approximately $250 million. Uniswap is a protocol for automated token exchange on Ethereum. It can get about 30 basis points out of whack without any negative impact because the fee is 30 basis points to take there, Weisberger said. "banks today: NO PUBLIC BLOCKCHAINS DEFI BAD banks soon: HEY WE FOKRED ETHEREUM BUT WE CONTROL AND ADDED A STABLECOIN BUT WE CONTROL IT AND FORKED UNISWAP BUT WE CONTROL IT PLEASE USE JPMORGANCHAIN" If you were to ask me a year ago when Uniswap was going to report more volume for a single day of Coinbase, I would probably say 2021. There aren't any indications pointing to the average trader or investor being at risk for having their bank account closed. It's an open source project and falls into the category of a DeFi product ( Decentralized finance) because it uses smart contracts to facilitate trades. After being laid off from his junior engineering position at Siemens and living at home with his parents, a career opportunity came knocking: Uniswap,the permissionless token exchange built on the Ethereum blockchain. Thats the last question I lobbed to Adams as our conversation closed. Hayden Adams is the founder of Uniswap, one of the most widely used decentralized applications built on Ethereum and it is currently the world leading DeFi DEX.