Uniswap

by Uniswap

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1inch Token

by 1inch DAO

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0x

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Uniswap

by Uniswap

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1inch Token

by 1inch DAO

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0x

by 0x

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What problem does this service solve?

Uniswap allows users to trade Ethereum tokens without a middleman.1inch allows traders to find the best rates across multiple exchanges.0x is designed to serve as a decentralized exchange for the Ethereum blockchain. The protocol uses Ethereum smart contacts that allow users to participate in a decentralized exchange, while adopting certain features of centralized exchanges.

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Company Description

Uniswap is a decentralized exchange that facilitates automated transactions between Ethereum-based tokens. It is designed to be an open-source platform with an automated market maker (AMM) model. Instead of using an order book, token trades are facilitated directly between users through a liquidity pool and prices orders with an algorithm that relies on the equation x*y=k to create a price spectrum for token pairs available in the liquidity pools provided by other users. Uniswap tokens are used as a governance token and as an incentive for users to fund the liquidity pools. Since the platform is decentralized, all the trading fees collected are distributed among the liquidity providers; according to the share that they provide in the liquidity pools.
Uniswap is one of the largest decentralized exchanges (DEX) and one the largest cryptocurrency exchanges overall by daily trading volume. The platform was originally created by Hayden Adams, a former mechanical engineer at Siemens. It is backed by some influential venture capital funds, including: Andreessen Horowitz, Paradigm Venture Capital, and Union Square Ventures.

The 1inch token is used as a governance token for the 1inch network, which is a decentralized exchange (DEX) aggregator that connects multiple DEXes into one platform, and allows its users to find the most efficient swapping routes across all platforms. 1inch allows traders to source the best liquidity options and rates from different exchanges without having to check them manually.
1inch was founded by Sergej Kunz and Anton Bukov, and was launched in 2020. It is backed by several influential investors, including Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, and Dragonfly Capital. The network is governed by a decentralized autonomous organization (DAO).

0x is a decentralized exchange built on the Ethereum blockchain that allows for ERC20 tokens to be traded. 0x hopes to serve as a building block for creating decentralized exchanges.
It is an open-source system of smart contracts that acts as a platform for those wanting to build with the 0x protocol. Augur, Aragon and several other projects are using 0x, at the moment.
The 0x protocol addresses some of the common issues that plague other decentralized exchanges. 0x is faster, more liquid, and less expensive to run. Its speed is due to reduced blockchain congestion. This is achieved by moving all transactions off of the blockchain and then verifying them. This move, also allows for the elimination of transaction fees by reducing the reliance on the blockchain. 0x doesn’t charge fees of any type to use the protocol. However, Relayers that create their own decentralized exchange can charge fees.
The 0x Project uses the 0x Ethereum token, known as ZRX, that allows users to pay Relayers’ transaction fees. It is also a decentralized form of governance for the 0x protocol system. Anyone holding ZRX can give input about improving the protocol.

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