Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements – Exchanges Bitcoin News

About 28 months ago, version 1 (v1) of the decentralized Uniswap exchange (dex) was launched, and then in May 2020, version 2 was launched with new features. Dex is by far the largest decentralized trading platform among its peers, as the exchange has traded $7.1 billion over the past seven days. The 23rd. In March, Uniswap launched its third version, which includes new features such as concentrated liquidity, improved oracles and tiered commissions.

developers have opened Uniswap v3

When cryptocurrencies were young, decentralized trading platforms were just a vision. When some of them arrived, many Dex platforms struggled to provide sufficient liquidity. That has all changed since the introduction of Uniswap, a decentralized financial protocol that allows users to automate transactions between multiple parties. Uniswap has long been the largest Dex and Automated Market Maker (AMM) in terms of trading volume.

Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements – Exchanges Bitcoin News

Uniswap typically collects between $2 and $3 million per day, and last week swap transactions totaled $7.1 billion, according to Dune Analytics. Defipulse statistics show that Uniswap is the fifth highest defibrillation protocol (TVL). After Uniswap v2 came out in May, Dex discovered v3 ten months later. The development team plans to launch the spine on the 5th. May to start, followed by an L2 song about optimism. The Uniswap announcement explains that v3 offers two features:

Concentrated liquidity that gives individual LPs granular control over the price forks to which their capital is allocated. The individual positions are combined into a pool and form a combined curve that the user can trade. A tiered reward system that allows LPs to be appropriately compensated for taking on different risks.

Uniswap v3 for use in multiple networks within days

In addition to flexible commissions and concentrated liquidity, Uniswap v3 will also offer non-fixed liquidity and enhanced oracles. Uniswap v3 offers significant improvements over oracle TWAP (time-weighted average price), the dex manufacturers said. Calculates all current TWAP for the last ~9 days per in-chain call. To this end, we store not one, but an array of cumulative totals. With respect to non-removable liquidity, Uniswap indicates that liquidity positions are no longer non-removable and are not reflected as ERC20 tokens in the underlying protocol.

The third version of Uniswap will be rolled out in the test networks Görli, Rinkeby, Kovan and Ropsten in the coming days. Developers can access the main Uniswap repository and the edge repository via Github. Uniswap plans to release more updates on the 26th. In March, a request for information (RFI) was posted on the Uniswap Discord channel.

What do you think about the launch of the third version of Uniswap in the near future? Let us know what you think in the comments below.

Tags in this story

Decentralized exchange, DeFi, Defipulse, DEX, Dex Volume, Dune Analytics, Ethereum, Ethereum (ETH), exchanges, fees, liquidity, oracle, swapping, trading, uniswap, v1, v2, v3, version 3, volume

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