A federal judge in New York dismissed a patent infringement lawsuit filed by entities affiliated with Bancor against Uniswap. In the ruling on February 10, Judge John G. Koeltl stated that the patents cited only refer to an “abstract idea” of calculating cryptocurrency exchange rates, and therefore do not qualify for patent protection under U.S. patent law.
The court noted that determining prices in a transaction is a fundamental economic activity, and implementing it on blockchain or smart contracts does not transform this idea into a patentable invention. Additionally, the lawsuit failed to demonstrate that Uniswap directly used the reserve ratio constant as described in the patent, nor was there sufficient grounds to charge intentional infringement.
The case was dismissed “without prejudice,” meaning Bancor has 21 days to file an amended complaint; if not, the dismissal will become final. Uniswap founder Hayden Adams later announced on X: “We won.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Uniswap Labs Partners with Securitize to Unlock Liquidity for BlackRock's BUIDL
Gate News bot message, Uniswap Labs and Securitize have entered into a collaboration to unlock liquidity options for BlackRock's BUIDL. According to the source, this partnership aims to provide new liquidity solutions for BlackRock's tokenized fund product. UNI has a market capitalization of $2939M.
GateNewsBot25m ago
Uniswap Grabs Early Win as US Judge Dismisses Bancor Patent Lawsuit
A New York federal court has dismissed a patent infringement suit brought by Bancor-affiliated entities against Uniswap, finding that the asserted claims describe abstract ideas that are not eligible for patent protection under US law. Judge John G. Koeltl of the Southern District of New York
CryptoBreaking4h ago
Uniswap wins a crucial battle! U.S. court dismisses Bancor patent lawsuit, a major positive development for DeFi automated market makers
On February 11, news, the U.S. Southern District of New York Federal District Court made an important ruling, dismissing the patent infringement lawsuit filed by Bprotocol Foundation and LocalCoin Ltd. related to Bancor against Uniswap. Judge John G. Koeltl stated in a memorandum opinion issued on February 10 that the patents involved are essentially "abstract concepts" and do not meet the patentability standards under U.S. patent law.
The case centered around the "Constant Product Automated Market Maker" model, which is one of the core liquidity pricing mechanisms in decentralized finance. The plaintiffs claimed that Uniswap illegally used their automated pricing and liquidity pool technology, but the court held that these patents only involve "fundamental economic practices of calculating currency exchange rates for trading," and even if implemented on blockchain and smart contracts, they do not qualify for patent protection.
GateNewsBot4h ago
Hayden Adams: Uniswap wins lawsuit against Bancor for patent infringement
Uniswap wins in lawsuit against Bprotocol Foundation and LocalCoin Ltd., with lawyers stating it did not infringe on related patents. Uniswap Labs reaffirms its protocol code is open source and opposes the allegations.
GateNewsBot11h ago
Data: 2.193 million UNI transferred from an anonymous address, worth approximately $7.43 million
ChainCatcher message indicates that at 02:14, 2.193 million UNI (worth approximately $7.43 million) were transferred from one anonymous address (starting with 0x9c98...) to another anonymous address (starting with 0xf129...).
GateNewsBot20h ago
a16z interview summary: Why do open networks always succeed?
The article discusses that the core issue of the global network is trust, not performance. Christian Catalini emphasizes that the concentration of control in enterprise chains makes it difficult for the market to trust their ability to create neutral monetary networks. In contrast, Bitcoin is favored for its historically verified neutrality. The article also proposes three dimensions of neutrality: rule neutrality, access neutrality, and利益 neutrality, and suggests that entrepreneurs consider their positioning to decide whether to open source and what strategies to adopt. Ultimately, whether to open source or not relates to the ability to establish an open network.
PANews02-06 00:01
