Uniswap is the world's leading decentralised exchange (DEX), built on Ethereum. It pioneered the Automated Market Maker (AMM) model, replacing order books with liquidity pools. Anyone can provide liquidity and earn fees, or swap any ERC-20 token without creating an account.
Tether (USDT) is the world's largest stablecoin by market capitalisation and trading volume. It is issued by Tether Limited and claims to be fully backed by US dollar reserves. USDT is the primary trading pair on most cryptocurrency exchanges globally.
An NFT is a unique digital token stored on a blockchain that proves ownership of a specific digital item — art, music, video, game items, or anything else. Unlike currencies, each NFT is distinct and cannot be directly exchanged 1:1 for another. The NFT boom of 2021 saw billions traded, before a sharp market correction.
A decentralised exchange (DEX) allows users to trade cryptocurrencies directly from their wallets using smart contracts, with no central intermediary and without giving up custody of funds. Automated Market Makers replaced traditional order books with liquidity pools.