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Uniswap Introduces UniswapX

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

The Uniswap team announced via Twitter on Monday that it has launched UniswapX, a new permissionless, open source (GPL), auction-based protocol for trading across AMMs & other liquidity sources.

The Uniswap team announced via Twitter on Monday that it has launched UniswapX, a new permissionless, open source (GPL), auction-based protocol for trading across AMMs & other liquidity sources.

UniswapX outsources the complexity of routing to an open network of fillers who compete to fill swaps at the best prices. Over time, UniswapX gives users more liquidity, better prices, MEV protection, and gas-free swapping. 

Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $6.075, down by 1% in the last 24 hours.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.