Bprotocol and LocalCoin Drop Bombshell Lawsuit on Uniswap: Patent Wars Erupt in DeFi!

Bancor's Creators Take Uniswap to Court Over Alleged Tech Theft

Buckle up, crypto fans! Bprotocol Foundation and LocalCoin, the masterminds behind Bancor Protocol and the BNT token, have just thrown down the gauntlet, filing a massive lawsuit against Uniswap Labs and the Uniswap Foundation. They're accusing these DeFi giants of straight-up patent infringement!

Hold onto your hats, because on May 20, 2025, this bombshell dropped in the United States District Court for the Southern District of New York. Bancor's not playing around, and they're ready to go toe-to-toe with Uniswap (UNI) in court!

Bancor's calling out Uniswap for allegedly swiping their tech on smart contract usage in decentralized trading. We're talking about one of the biggest decentralized exchanges out there, with massive volumes and a legion of users, now caught in the crosshairs of this legal battle!

The lawsuit's got teeth, claiming Uniswap's been using Bancor's patented tech behind the constant product automated market maker (CPAMM). That's the heart and soul of the Uniswap Protocol, and Bancor says it's unauthorized use of their proprietary tech!

"When an organization keeps using our invention without our say-so and does it to compete with us, we gotta take action," Bancor's press release roared on Tuesday. They're not holding back!

Bancor's alleging that Uniswap's been riding their tech for the last eight years, all without a single "please" or "thank you" from Bancor.

Bprotocol Foundation and LocalCoin are making it clear: this lawsuit's all about protecting their intellectual property from being used without a license. They're drawing a line in the sand!

Let's rewind a bit. Bancor filed for a patent on their decentralized trading tech back in 2017, hot on the heels of inventing it in 2016. That's the same tech that launched their AMM-powered DEX protocol, and now they're saying it's been misused.

Bprotocol Foundation and LocalCoin are claiming full ownership of this invention, and they're pointing fingers at Uniswap Labs for allegedly using it illegally in the Uniswap Protocol since launching v1 in November 2018. Meanwhile, Uniswap's been busy with their new DEX platform, Carbon, launched in April 2023.

But Uniswap's not sitting still. Since v1, their protocol's been on a tear!

They just hit a mind-blowing $3 trillion in cumulative swap volume, riding the wave of a DeFi market comeback.

And the total value locked in their protocol? It's skyrocketed with the upgrades, especially with the launch of Uniswap v4.

Right now, DeFiLlama's data shows Uniswap's TVL is sitting pretty at over $4.8 billion.