Uniswap Announces Version 3: Launches May 5

Uniswap has announced that the launch of its third version will take place on the Ethereum mainnet on May 5, introducing new features to make the platform the “most flexible and efficient AMM ever designed”.

The announcement was made via an official blog post on March 23rd, almost 2 and a half years after the launch of Uniswap v1’s proof of concept, which would set the bases for the Decentralized Exchange (DEX) revolution.

Uniswap is Upgrading

Uniswap v2 was launched in May of 2020, the year in which the DEX became the most popular decentralized exchange in the crypto ecosystem by creating new opportunities for projects to launch their cryptocurrencies and for investors to acquire them without the need of an authority operating as mediator.

Uniswap now has over 1770 coins listed on it and over 2300 pairs, about 6 times the number of coins listed by Binance, with a daily trading volume of over 1 trillion, all of which had helped it become a favorite among crypto investors.

Uniswap v3 will also be deployed in the Layer-2 scaling solution Optimism “shortly after”, which will allow users of the DEX to use the platform with significantly cheaper fees than the ones charged in Ethereum due to increasing gas prices.

More Features and Flexibility than V2

Uniswap v3 is planned to provide multiple benefits to its users, including increased liquidity and multiple fee tiers that will provide increase risk/reward possibilities for liquidity providers to take advantage of.

With the update, liquidity providers will be able to provide liquidity with up to 4000 times more capital efficiency than Unisawp v2, according to the statement, which will generate more returns on their capital while allowing traders to enjoy from a larger number of pools.

The update will also make oracles easier and cheaper to integrate, which will facilitate the use of the protocol with 3rd party projects by removing the need for integrators or checkpoint historical values.

One of the most anticipated…

Read More