Unboxing Uniswap

However, understand that all tokens in the Ethereum Blockchain are governed by this standard. Any token that is not on the Ethereum Blockchain is not governed by this standard but governed by whatever token standard it's L1 Blockchain uses.

To better grasp the purpose of Uniswap, we have to look at TradFi.

TradFi means traditional finance. It incorporates all financial institutions, and proceedings where a centralized body ensures the smooth running of that particular venture.

Uniswap is a deFi platform, a Dex.

For the record:

Dex → Decentralized EXchange

Lp → Liquidity Providers