Uniswap V3 introduces various aspects that were not there in the prior version.
Uniswap, the leading decentralized digital assets exchange, has today, on May 5, 2021, unveiled its third version dubbed ‘Uniswap V3’. Notably, the firm introduced Uniswap V2 in May 2020, which, ostensibly, triggered a major defi bull market that in turn sparked the ongoing cryptocurrency bull market.
Uniswap was launched at the tail end of 2018, whereby it was built on top of the Ethereum blockchain. Over the years, it has grown to the leading automated market maker (AMM) by total value locked.
According to metrics provided by Defi Pulse, the total value locked in the entire decentralized exchanges is approximately $25.01 billion. Notably, Uniswap has over $7.31 billion locked in its ecosystem, thus having dominance of around 29.25%. According to the company, its second version has facilitated over $135 billion in traded volume. Thereby making it one of the largest digital asset spot exchanges in