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With the total value locked in decentralized finance on Ethereum now $89 billion, the market is eagerly waiting to see if the launch of UniSwap v3 could be the catalyst for DeFi’s next big bull run.
Uniswap v3 promises advanced new features and opportunities for yield generation with its launch scheduled for May 5.
Uniswap is emphasizing three new features for liquidity providers customizable capital deployment across a markets’ entire price curve in the form of concentrated liquidity, tiered market maker fees offering boosted returns for volatile pairs subject to impermanent loss, and cheaper access to oracles for improved data integrity.
UNI Rises to New ATH of $44 Ahead of Uniswap V3 Takeoff on May 5
4 hours ago by Oluwapelumi Adejumo · 2 min read
Photo: Depositphotos
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Uniswap describes its V3 project as the “most flexible and efficient automated market maker ever designed.”
Uniswap, a world-famous decentralized exchange platform, has broken two of its records in the past week, ahead of its widely anticipated V3 update. The Uniswap V3 update is scheduled to launch on May 5th 2021, and as a count down to its launch approaches, Uniswap and its derivatives have enjoyed a massive run of success.
Over the last week, Uniswap’s decentralized exchange broke a $10 billion trading volume record, reaching over $43 billion in total market cap. And now, over the previous 24 hours, the native token of Uniswap (UNI) has reached an all-time high of over $44, shattering its previous record, gaining 4.95% in price and 87.53% in trading volume since yesterday.
Uniswap Employs V3 Contracts on Four Ethereum Testnets Uniswap Employs V3 Contracts on Four Ethereum Testnets April 21, 2021 April 21, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Uniswap, the popular decentralized exchange, has moved forward in its plan of rolling out highly awaited
“V3” iteration, revealing the employment of V3’s smart contracts to the entire test networks of Ethereum.
Through a media announcement on April 21, Uniswap Labs affirmed that the covenant’s V3 core and periphery smart contracts have been employed to all top Ethereum testnets namely Goerli, Rinkeby, Ropsten and Kovan.
The addreses of testnet were uploaded on GitHub and Uniswap has pointed to users that addresses are subject to change as the core team carries out last overhauls to the periphery rep
@Uniswap weekly trading volume just passed $10b for the first time!!! $10b/week is over $0.5 trillion per year pic.twitter.com/ZibcDT9Zob
What Happened: The protocol’s native token UNI was trading at an all-time high of $36.03 at the time of writing, gaining over 15.00% overnight after seeing a 181% increase in 24-hour trading volumes.
Uniswap has managed to remain the market leader among decentralized exchanges (DEXs), despite the fact that token swaps on the DEX come at a significantly higher cost.
Since Uniswap is built on
Ethereum (CRYPTO: ETH), users are subject to high transaction costs ranging between $55 to $72.
This has given competitor DEXs like PancakeSwap and Mdex an advantage.
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