The Uniswap team announced via Twitter that it would be deploying Uniswap V3 on the Moonbeam Network and Gnosis Chain. This latest development comes after the Uniswap community approved the proposal to deploy V3 on the two chains.
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 $5.68, up by more than 2% in the last 24 hours.