Uniswap’s Hayden Adams: Wiki, Bio, Net Worth, And More

Hayden Adams' LinkedIn page.
Courtesy of Hayden Adams’ LinkedIn Profile.

 

Who Is Hayden Adams?

Hayden Adams is a crypto entrepreneur and founder of Uniswap – a decentralized exchange protocol built on the Ethereum blockchain. Adams is an engineer by educational background, but circumstances encouraged him to get involved in cryptocurrency and blockchain.

This wiki-style post will breakdown Adams’ bio, background, net worth, founding of Uniswap, and more.

 

Hayden Adams Bio/Wiki

According to his LinkedIn profile, Hayden Adams graduated from Stony Brook University with a Bachelor’s degree in Engineering, Mechanical Engineering in 2016.

Prior to the establishment of Uniswap, Adams worked as a researcher at Columbia University Medical Center (June 2012 – October 2014), Mechanical Engineering Intern at Vista Wearable Inc. (June 2015 – September 2015), and an Engineer at Siemens (July 2016 – July 2017).

As a Siemens Engineer, Adams performed engineering simulations and design exploration for clients in the automotive and aerospace industries. Additionally, he wrote Java macros and learned the UNIX operating system at Siemens.

 

Adams’ layoff from Siemens and introduction to decentralized market exchanges

After about a year working at Siemens, Adams was laid off from his position, according to Cointelegraph. CoinDesk adds that he lived with his parents for some time after the layoff.

From a perspective of ‘I don’t know what I’m going to do with my life,’ it was scary at the time. I was living at home [in the New York suburbs] for a while.

In the fall of 2017, at the age of 26, Adams was introduced to his first crypto-related project through a Reddit post entitled “Let’s run on-chain decentralized exchanges the way we run prediction markets”, authored by Vitalik Buterin. Buterin is the creator of the Ethereum blockchain platform, as well as the co-founder of Bitcoin Magazine.

The article was sent to Adams by his college friend Karl Floersch (who was at the time working at the Ethereum Foundation). While studying at Stony Brook University, Floersch became interested in Ethereum and entered the world of crypto after graduating.

Unlike Floersch, Adams became interested in crypto much later. Adams had been hesitant about investing in crypto for years, even passing up Ethereum when it was valued at $0.30.

 

Adams’ entry to programming

CoinDesk writes that Hayden Adams soon took two decisions that would eventually lead him to his success with Uniswap. First, he purchased Ethereum in March 2017. Second, he started to learn to code while living at his parents’ house.

Fortunately for Adams, his friend Floersch had “it all figured out for him”. Floersch told Adams that there was an acute lack of smart contract developers for Ethereum, which prompted Adams to learn JavaScript and Solidity. An additional incentive for him was the dramatic rise in cryptocurrency prices in the summer of 2017.

It was a very weird time. I was getting very into Ethereum and from that perspective it was a really great thing.

He added that the layoff “definitely turned out to be the best thing that ever happened” to him.

Soon, Adams felt the urge for a “real project” to stay motivated, which would lead him to discover automated market making. Adams was unfamiliar with finance and markets, but Floersch assisted him by introducing him to decentralized exchanges.

 

From first steps to $3 billion TVL (Total Value under Lock)

While living in Brooklyn, N.Y., off his Ethereum stash, Adams became obsessed with his Uniswap proof of concept.

Adams began attending various conferences in New York City and Canada. He additionally flew to a crypto conference in Seoul, South Korea. He wasn’t allowed in since he didn’t have a ticket, but he did manage to talk about Uniswap with Vitalik Buterin thanks to Floersch.

The conversation between Buterin, Adams, and Floersch at a Seoul crypto conference.
Courtesy of Uniswap.org.

 

CoinDesk writes that Adams would sit in the MakerDAO or Balance offices by day and code Uniswap by night. Adams admitted that this wasn’t bad work, especially compared to what he had been doing at Siemens:

Programming with money is just really fun. Being able to write functions that send money and receive money in a native way is very fun.

A $65,000 grant from Ethereum Foundation allowed Adams to carry out a full audit of his project’s code. Additionally, Adams migrated Uniswap from Solidity to Vyper – a programming language specifically designed for Ethereum smart contracts.

At DevCon 4 in November 2018, Adams finally launched Uniswap v1. While promising, it lacked certain essential features – among other things, orders could only be routed through Ethereum and a token. Besides, Uniswap v1 debuted at a time when Ethereum had a 95% drawdown from its peak value.

Uniswap saw an immense rise in popularity after introducing the UNI token as a stimulus check for early developers, investors, Uniswap $SOCK holders, and holders of any wallet that had interacted with Uniswap contracts. This was done as a response to the aggressive promotional campaign of the competing SushiSwap that offered high returns to liquidity providers (LPs).

Uniswap’s TVL (Total Value under Lock, the total dollar value of tokens locked in smart contracts on the platform) has since not dipped below $1 billion and even stayed above $3 billion for several days in November.

Numerous updates of Uniswap have been introduced since its launch. These are detailed in the Uniswap blog.

 

Hayden Adams Net Worth

There is no credible information online about Hayden Adams’ net worth, but it is known that Uniswap has become immensely successful.

As of April 16, 2021, CoinMarketCap estimated that the 24-hour trading volume of Uniswap was $1.204 billion, which made Uniswap the top third decentralized exchange by trading volume after MDEX ($2.218 billion) and PancakeSwap ($1.398 billion).

Top decentralized exchanges by trading volume.
Courtesy of CoinMarketCap.

 

In October 2020, the average daily trading volume on Uniswap reached about $220 million. On March 30, 2021, Uniswap’s 24-hour trading volume spiked to a record of $7.17 billion.

According to Crypto Fees, Uniswap generated 1-day fees of $3.53 billion as of April 16, 2021.

1-day fees of some crypto platforms.
Courtesy of CryptoFees.info.

 

Hayden Adams Online Presence & Publicity

Hayden Adams is present on Twitter and LinkedIn. On Twitter, Adams promotes Uniswap and shares his opinion on the current state of the financial system, among other things.

CoinDesk included Adams in its list of the most influential people in crypto in 2020. Cointelegraph similarly considers Adams to be the top 6th individual in the industry (Sergey Nazarov, Anthony Pompliano, and Raoul Pal are other notable people on the list).

Adams has been featured in several podcasts and interviews as well, some of which are presented below.

 

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