Cryptocurrency Q&A
Is Uniswap only for ERC-20?
Is Uniswap only for ERC-20?
CryptoPioneer
Tue Sep 24 2024
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7 answers
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So, I've been hearing a lot about Uniswap and its role in the decentralized finance world. But one thing that's been lingering in my mind is, is Uniswap exclusively designed for ERC-20 tokens? I understand that Uniswap is built on the Ethereum blockchain and ERC-20 tokens are inherently compatible with it, but are there any limitations or plans to expand Uniswap's capabilities to support other token standards or blockchains? I'm curious to know if Uniswap's focus is strictly on ERC-20 or if there's potential for broader integration in the future.
7 answers
DondaejiDelightful
Thu Sep 26 2024
For individuals solely interested in selling ETH to acquire an ERC-20 token, the initial requirement simplifies significantly.
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Sofia
Thu Sep 26 2024
Uniswap is a renowned decentralized exchange platform that facilitates the trading of ETH and numerous ERC-20 tokens.
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SakuraSpiritual
Thu Sep 26 2024
They need not worry about acquiring additional assets, as ETH alone suffices to initiate the trading process.
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ethan_lewis_journalist
Thu Sep 26 2024
The process of trading on Uniswap is designed to be straightforward, catering to users of varying experience levels.
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EnchantedSoul
Thu Sep 26 2024
Users looking to embark on their first trading journey on Uniswap must possess ETH, as it serves as the primary medium for transaction fees, commonly referred to as gas fees.
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