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The Evolution of Uniswap: From AMMs to Custom Liquidity
This chapter traces Uniswap's journey from its inception in 2018 to the anticipated Uniswap v4, discussing its impact on decentralized trading practices. It covers significant milestones, including the challenges of liquidity provision, changes in fee structures, and the introduction of customizable features like hooks. The conversation emphasizes how each version has contributed to the democratization of access to liquidity and the continuous evolution of its liquidity model.