It clarified that publicly available on-chain data is reviewed to aid in decision-making. In terms of off-chain data, Uniswap claims it does not collect sensitive personal data such as names, emails, or IP addresses. Other off-chain web identifiers relating to users’ activities on the front end website, however, are still scraped, according to the exchange.
“Our top objective is to safeguard user data and privacy, but we also want to make data-driven decisions that improve the user experience. This includes both public on-chain data and limited off-chain data such as device type, browser version, and so on “According to Uniswap.
Furthermore, the decentralised exchange revealed that it filters user wallets with the assistance of some blockchain analytics firms in order to detect illegal behaviour. This comes after the exchange, in working with blockchain analytics firm TRM Labs, blacklisted 253 crypto addresses associated with the mixing service Tornado Cash a few months ago.
On the Ethereum blockchain, Uniswap is the decentralised exchange with the most volume. Uniswap has been responsible for almost 60% of Ethereum’s on-chain volume so far in November.
Uniswap Labs, the Uniswap creators, raised $165 million in a Series B financing last month at a $1.6 billion value.