{"id":129645,"date":"2025-05-20T20:15:48","date_gmt":"2025-05-20T20:15:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129645"},"modified":"2025-05-20T20:15:48","modified_gmt":"2025-05-20T20:15:48","slug":"bancor-files-patent-infringement-lawsuit-against-uniswap-over-dex-tech","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129645","title":{"rendered":"Bancor files patent infringement lawsuit against Uniswap over DEX tech"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBancor, the creator of a smart contract-based automated market maker, is suing Uniswap for patent infringement, alleging the decentralized finance exchange has used its technology without permission and profited significantly from it.<br \/>\nAccording to the May 20 announcement of the lawsuit, Bancor designed the technology in 2016 and patented it in January 2017. The technology underpins the \u201cconstant product automated market maker,\u201d which involves using mathematics to add or withdraw resources from a liquidity pool. The application subsequently led to two issued patents.<br \/>\nBancor alleges that Uniswap used the invention to create its protocol, launched in November 2018. The two organizations are considered competitors in the sector of decentralized finance (DeFi).<br \/>\n\u201cWhen an organization continuously uses our invention without our authorization and does so as a means of competing with us, we must take action,\u201d said Mark Richardson, project lead at Bancor.<br \/>\nAt the time of publication, Uniswap had not publicly responded to the lawsuit, filed in the US District Court for the Southern District of New York.<br \/>\n\u201cWith this lawsuit, Bprotocol Foundation and LocalCoin seek compensation for Uniswap Labs\u2019 unlicensed use of Bancor\u2019s patented technology and Uniswap Foundation\u2019s inducement of infringement,&#8221; it said.<br \/>\nRelated: Texas court issues judgment against Bancor DAO after it ignored summons<br \/>\nUniswap dwarfs Bancor in some DEX metrics<br \/>\nBancor hasn\u2019t seen similar success to Uniswap, according to DefiLlama. The data aggregator ranks Uniswap as the second among all decentralized exchanges by 24-hour trading volume, with nearly $3.8 billion traded.<br \/>\nTop 10 DEXs by 24-hour trading volume. Source: DefiLlamaBancor, on the other hand, ranks No. 142 for trading 24-hour trading volume, with $378,579 as of May 20.<br \/>\nUniswap has been one of the largest decentralized exchanges for a number of years. In its lifetime, it has processed $2.8 trillion in trading volume.<br \/>\n&#8220;If companies like Uniswap can act unchecked, we fear it will hinder innovation across the industry to the detriment of all DeFi players,\u201d said Richardson.<br \/>\nMagazine: X Hall of Flame: DeFi will rise again after memecoins die down: Sasha Ivanov<a href=\"https:\/\/cointelegraph.com\/news\/bancor-files-patent-infringement-lawsuit-against-uniswap-over-dex-tech?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBancor, the creator of a smart contract-based automated market maker, is suing Uniswap for patent infringement, alleging the decentralized finance exchange has used its technology without permission and&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129645"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129645"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129645\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129645"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}