Introducing Crosschain UniswapX: Faster Swaps, No Bridging, Better Price Discovery
Introducing Crosschain UniswapX: Faster Swaps, No Bridging, Better Price Discovery
Uniswap is working on crosschain UniswapX, a feature that will allow users to swap on the origin chain and receive funds on the destination chain within seconds. This eliminates the need to search for the chain with better liquidity and the bridge with the lowest fees. The UniswapX filler network finds the route that offers the best price.
What if crosschain swaps were just like an average Uniswap transaction? 馃 鈱毬燜aster swaps 馃毇聽No bridging 馃捀聽Better price discovery Right now, swapping across chains can be a lot of work. To get the best price, you have to know which chain has better liquidity and which bridge
馃弳 Arbitrum Breaks Records
**Arbitrum makes history** as the first Layer 2 network to surpass **$400 billion in swap volume** on the Uniswap Protocol. This milestone represents significant growth from the $300B threshold crossed earlier this year, demonstrating: - Strong adoption of L2 scaling solutions - Increased DeFi activity on cost-effective networks - Arbitrum's dominance in the Layer 2 ecosystem The achievement highlights how **Layer 2 networks are becoming essential infrastructure** for DeFi protocols, offering users lower fees while maintaining security.
Uniswap Apps Now Aggregate Multiple Liquidity Sources Through UniswapX
**Uniswap apps have evolved beyond single-protocol access.** Users now benefit from aggregated liquidity across multiple sources. **Key improvements:** - Apps tap into various liquidity pools, not just Uniswap Protocol - UniswapX technology enables cross-source aggregation - **More efficient swaps** through optimized routing This enhancement means traders automatically access the best available rates across different liquidity providers when making swaps through Uniswap applications.
Uniswap Web App to Support 7,702 Smart Wallets with Pectra Upgrade
Uniswap's web application is preparing for Ethereum's Pectra upgrade, scheduled for Q4 2024. The update will enable compatibility with 7,702 smart wallets from day one of launch. Key points: - Pectra upgrade focuses on improving core smart contract functionalities - Enhanced user experience features for wallet interactions - Significant expansion of wallet support across the Uniswap ecosystem This integration represents a major step forward in making DeFi more accessible and user-friendly on Ethereum.
Uniswap v4 Volume Growth Analysis
Uniswap v4 continues to demonstrate significant growth in trading volume, reaching nearly $13B within just 90 days of launch. Key metrics: - From $500M in February to $13B in May - Represents ~26x growth in 3 months - Averaging about $144M daily volume This growth follows broader protocol success, with Base reaching $150B in all-time volume and total Uniswap Protocol processing $2.94T in swap volume. The rapid adoption suggests strong market validation for v4's new features and improved efficiency.
Uniswap Interface Adds New Hooks: SauceTax9 and BtcAcc
Uniswap's interface has integrated two new hooks to enhance trading functionality: - **SauceTax9 Hook**: Implements new tax mechanisms for trades - **BtcAcc Hook**: Adds Bitcoin-related accounting features This follows March's successful integration of Verified Pools and Graduation hooks. The interface team continues to evaluate and add new hooks as they demonstrate reliability and user value. *Note: Hooks are custom code modules that extend Uniswap's core functionality.*