Home CryptoNews Uniswap V3 Introduced; New Version Launches Soon

Uniswap V3 Introduced; New Version Launches Soon

The new version of Uniswap will launch soon. Uniswap V3 will go live on Ethereum following V1 and V2 – established in 2018 and 2020.

After experiencing considerable growth and success in the first two versions, Uniswap is ready to grow more in the DeFi industry and show the full potential of AMMs in financial products.

As one of the largest decentralized exchanges globally, Uniswap will pave the way for similar services and attract more mainstream users.

New Opportunities for DEX Users

Uniswap is one of the most popular decentralized exchanges in the world. It has shown many potentials in the last version, launched in 2018 and 2020. Uniswap V2 was a great hit in 2020 and resulted in a significant growth bot for Uniswap and the DeFi industry as a whole. The new version called Uniswap V3 will launch soon in 2021. An L1 Ethereum mainnet launch is planned for May 5th. The L2 deployment on Optimism will follow shortly after.

Uniswap published an announcement post to describe the coming features of V3. Concentrated liquidity and multiple fee tiers are the most critical coming features in Uniswap V3.

The new version will transform Uniswap into one of the most flexible AMMs in the industry. Another important update is related to the gas price in V3. According to the announcement post, the cost of V3 swaps will be slightly cheaper than V2.

uniswap

The announcement post from Uniswap focuses deeply on the technical details of the coming version. One of the essential details is about Advanced Oracles in Uniswap V3. According to the post:

“V2 oracles work by storing cumulative sums of Uniswap pair prices on a per-second basis. These price sums can be checked once at the beginning of a period and once at the end to calculate an accurate TWAP over that period. Uniswap v3 offers significant improvements to the TWAP oracle, making it possible to calculate any recent TWAP within the past ~9 days in a single on-chain call.”

Uniswap strongly believes in the open-source movement and wants to release the new version as free, open-source software, too. Uniswap V3 will be launched under Business Source License 1.1. The upcoming version of Uniswap has been through many tests and audits to make sure the final version is entirely secure to launch on the mainnet.

Organizations like Trail of Bits. ABDK, Samczsun, and the engineering team inside Uniswap have done audits and tests on the core blockchain.

There will be an AMA session on March 26th at 2 pm ET on the Uniswap Discord channel to discuss the upcoming Uniswap V3.


If you found this article interesting, here you can find more DeFi News

Mehdi Zare
I am a young father who always loves to learn. Security and privacy topics are my main interests, and so, blockchain as one of the most strong security and privacy solutions of the modern industry excites me too.
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