UPDATE (5/5 2:40 p.m. ET): The Uniswap staff has officially announced the launch of v3.
A migration information for v3 had beforehand been added to GitHub.
This story will probably be up to date as developments proceed.
The long-awaited third iteration of the decentralized change protocol Uniswap went live on Wednesday.
Unveiled in March, Uniswap v3 goals to make the on-network change of tokens drastically extra capital-efficient. As reported on the time, the design hones in on a functionality known as concentrated liquidity by which liquidity suppliers (LPs) could make markets inside personalized value ranges.
As The Block Analysis’s Mika Honkasalo mentioned throughout a post-announcement look on The Scoop podcast: “I feel that is why Uniswap actually had nowhere to go of their design besides transfer in direction of this kind of lively liquidity provision as a result of that’s one thing that works with conventional markets.”
As well as, the Uniswap staff mentioned that Uniswap v3 could be deployed at later date on Optimistic Rollup, a layer-two protocol meant to drive down transaction prices.
Knowledge collected by The Block exhibits that Uniswap continues to be the dominant Ethereum-based decentralized change, pulling in roughly $51 billion in quantity in the course of the month of April.