The Uniswap team announced via Twitter on Wednesday that it is now live on BNBCHAIN, the native blockchain of the Binance ecosystem. The integration means that Uniswap users can start swapping their favorite BNB tokens on the Uniswap web app immediately. The move is designed to make Uniswap accessible to a wider audience, the team added.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $5.944, down by more than 7% in the last 24 hours.