Hayden Adams

Hayden Adams is best known as the creator of the decentralized exchange and automated market making (AMM) protocol called Uniswap.

Uniswap is the largest AMM running on Ethereum.

Adams began his crypto career after being let go by Siemens after working one year as a computation fluid dynamics car engineer, writing Java macros, working on a 100+ node cloud cluster, and learning UNIX.

Sitting at home in his parent’s house in 2017, he learned to code smart contracts, at the direction of his close friend, Karl Floersch, who was working for the Ethereum Foundation at the time.

Floersch suggested Adams start learning JavaScript and Solidity, as those programming languages were being heavily used in developing cryptocurrencies.

Adams’ first real project became working on automated market making, which he became obsessed with.

Fast forward just a bit, Adams earned a grant of $65,000 from the Ethereum Foundation to audit his project’s code, and the rest is history.

Uniswap protocol was born.

Adams currently serves as the CEO of Uniswap Labs.

Related Terms

Uniswap

Uniswap is currently the largest decentralized exchange (DEX) by trading volume operating on the Ethereum blockchain, which allows anyone to swap ERC20 tokens. Uniswap was the pioneer in using the automated market maker model, where users supply Ethereum tokens to liquidity pools, and algorithms determine how to price assets.

AMM (Automated Market Maker)

A protocol that runs on decentralized exchanges (DEX), that takes away the order book that exists on traditional exchanges and replaces it with liquidity pools, a shared pot of tokens locked in a smart contract.

Ethereum (ETH)

Ethereum is a decentralized blockchain platform that makes digital money, global payments, and applications possible using open-source software and smart contract functionality. The big difference between the two is that Ethereum is programmable, meaning you can build and use decentralized apps on the network. That means the Ethereum blockchain can be programmed to do virtually anything.

Cardano (ADA)

Cardano is a decentralized open-source blockchain platform built with proof-of-stake (PoS) consensus, offering smart contract capabilities, and using the native cryptocurrency ADA.

XRP

XRP, launched in 2012, is the native currency that runs on the XRP Ledger (XRPL), a public, open-sourced, permissionless, and decentralized blockchain that anybody can contribute to or transact on. XRP is used on the XRPL, which is a payment settlement, asset exchange, and remittance network for global payments used by private financial businesses and […]