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.

Ren, previously known as the Republic Protocol, is a decentralized dark pool exchange protocol; designed to support large volume trades, without effecting the prices of the assets being traded. The blockchain-based, dark pool protocol has built in privacy mechanisms and is provably fair. It uses secure multi-party computation (sMPC), and a network of Darknodes, to match orders without exposing their volume or price. Their private order book will also enable cross-chain trades of tokenized assets. The Singapore based company is also developing RenX, a decentralized dark pool exchange, built with the Republic Protocol. REN is the network's utility token. It provides security to the network, and is staked to enable the operation of a Darknode in the network.

BitShares is a blockchain platform designed to assist the unbanked. It offers both banking and exchange services. Bitshares was originally launched in 2014 by Dan Larimer, an influential blockchain developer that has also worked on EOS and Steemit. It is a community run open source project.
Bitshares' goal is facilitate greater access to financial services. The Bitshares exchange is a decentralized platform that was designed to be scalable and ensure low transaction fees.
Bitshares has a delegated Proof-of-Stake (PoS) consensus algorithm. Aside from a decentralized asset exchange, it also offers users the ability to issue their own assets, price-stable digital currencies, and flexible crypto payment options.
The Bitshares decentralized exchange and banking ecosystem is powered by the BTS token.