Three new solutions from Uniswap are available to cryptocurrency users to facilitate easier and more convenient on-chain trades.
The Ethereum-based decentralized exchange Uniswap (UNI) unveiled its most recent expansion on February 27. It includes data, insight pages, and a limit order engine.
This development is part of UNI’s ongoing efforts to create a uniform platform for cryptocurrency swapping. Like Phantom and MetaMask, the Uniswap Extension is a wallet extension that is affixed to the sidebar of a web browser.
With the technology, the company hopes to provide continuous access to trading facilities, enabling customers to rapidly execute swaps. Within the following two months, users can access the tool by claiming a uni.eth login and joining a waitlist.
The other two functions are operational, according to the company’s official blog page. On the Ethereum blockchain, the limit order engine allows users to automate trades for a maximum of one year.
Using the platform’s web application, traders can utilize this tool to buy and sell tokens at predetermined prices. The data and insight pages, which offer technical crypto analysis and real-time charts, are enhanced by the limit order engine.
Due to their integration, participants are able to use both technologies at once. A notice from Uniswap:
“Since the beginning, we’ve focused on building products to help users swap anytime, anywhere on the web. A lot has changed since we first launched – the Uniswap Protocol has powered almost $2 trillion in swap volume, helping millions of users swap onchain through both our web and mobile app – and now, we’re expanding our product suite even further.”
Based on DefiLlama data, the platform has a $5.2 billion total value locked (TVL), making it the largest decentralized exchange in the cryptocurrency space and the sixth-largest decentralized protocol overall.
There are two on-chain trading hubs accessible on 13 blockchains: Curve DEX and Uniswap. The most recent announcement from the corporation is based on a plan to reward governance delegators and native UNI stakers with an enhanced fee structure.