Uniswap
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 58 → 93. Problems weighed by who is responsible: concerns that are not fraud −20.8, problems around the subject, caused by others −1.4; legitimacy credit well known and widely used +25, long-running +10, regulated +10; fact-check adjustments (−10) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -20.8 |
| Problems around it, caused by others | -1.4 |
| Well known and widely used | +25 |
| Long-running | +10 |
| Regulated | +10 |
| Sum | 88 |
Score: 93/100 (kept between 0 and 100)
How scoring works →Summary
Uniswap is a decentralized exchange (DEX) protocol built on Ethereum, founded in November 2018 by Hayden Adams and operated commercially by Uniswap Labs. It is the largest DEX by trading volume globally, using an automated market maker (AMM) model. The protocol has faced significant regulatory scrutiny — including an SEC Wells notice in April 2024 (closed without action in February 2025), a CFTC settlement resulting in a $175,000 penalty in September 2024, and a multi-year scam-token class action dismissed with prejudice in March 2026 — while remaining operationally active and technologically mature through its v4 release.
Connected Entities
7 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Cork Protocol→mentioned with→Ethereum(80%)
- Cork Protocol→mentioned with→Uniswap(60%)
- Optimism→mentioned with→Ethereum(80%)
- SushiSwap→mentioned with→Ethereum(60%)
- Uniswap→mentioned with→Bitcoin(60%)
- SushiSwap→mentioned with→Uniswap(70%)
- SushiSwap→mentioned with→Optimism(60%)
- Uniswap→mentioned with→Ethereum(80%)
- Uniswap→mentioned with→SushiSwap(60%)
- + 6 more
Timeline(17 events)
2 November 2018
Hayden Adams deploys the first Uniswap protocol (v1) on Ethereum mainnet.
Wikipedia / UniswapSeptember 2020
UNI governance token launched and retroactively airdropped to historical users.
Uniswap Blog23 March 2021
Uniswap v3 announced with Business Source License (BSL) 1.1, restricting commercial forks for two years.
CoinDesk11 April 2022
Class action lawsuit filed by Nessa Risley et al. against Uniswap Labs, Hayden Adams, and VC backers over scam tokens traded on the protocol.
Fortune11 July 2022
Phishing attack targeting Uniswap v3 LPs drains approximately $3.5–$8 million in ETH; protocol smart contracts not compromised.
CoinDesk13 October 2022
Uniswap Labs raises $165 million Series B led by Polychain Capital at a $1.66 billion valuation.
CoinDeskApril 2023
Uniswap v3 Business Source License expires; code converts to GPL and becomes freely forkable.
CoinTelegraph10 April 2024
Uniswap Labs publicly discloses receipt of an SEC Wells notice alleging operation as an unregistered exchange and broker and issuance of unregistered securities.
CoinDesk21 May 2024
Uniswap Labs files formal Wells response urging the SEC to drop its pending enforcement action.
CoinDesk4 September 2024
CFTC issues order against Uniswap Labs for illegally offering leveraged retail commodity transactions; $175,000 civil penalty and cease-and-desist imposed.
CFTC.gov31 January 2025
Uniswap v4 launches on Ethereum and multiple EVM chains; Unichain Layer 2 goes live concurrently.
Uniswap Blog25 February 2025
SEC formally closes its investigation into Uniswap Labs with no enforcement action filed.
CoinDesk26 February 2025
Second Circuit Court of Appeals reinstates state law claims in the scam token class action.
Bloomberg Law26 December 2025
Uniswap governance passes UNIfication proposal with 99.9% approval, activating protocol fee switch and approving 100 million UNI token burn.
CoinDesk27 December 2025
Uniswap Labs eliminates all interface, wallet, and API fees following the UNIfication governance vote.
Uniswap Blog3 March 2026
Judge Katherine Polk Failla dismisses all remaining claims in scam token class action with prejudice, closing the case at the district court level.
CoinDeskDecision Log
- slot 457827736 · hash 2TfC2B913zTUWUyuyFCqwzAHn7oTSVh1bYkt9KuXzH21
- slot 455371234 · hash 7Vb7t5rC6emeDkXv7kP72TB1HdcGr4qvmgvrAC4qFhBy
- slot 424158179 · hash CoFtNEXfscgWi7sR5CG4aG7dV4teyiVmf6pedEanqhfr
- slot 424158177 · hash 4MT1JNvA8iWPnzbCqfgJgKCPaWDoEjh6Gmhs4yQMFNgo
- slot 419629072 · hash 6VqddDi6boMVzAm8XAdZq61kiCagjfAh1TK3fDgVkBhS
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 27 of 28 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/13/2026, 3:12:41 AM
last updated: 10/10/2026, 6:50:57 PM
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