Uniswap Launches UniswapX Protocol To Overcome On-Chain Trading Problems

Uniswap releases the latest developments. (Photo; Doc. Coinpost)

JAKARTA - Uniswap, one of the leading protocols in the DeFi ecosystem, has announced the development of a new protocol called UniswapX. Details of the project were released through a press release, and Uniswap Labs CEO Hayden Adams is scheduled to make further announcements about the project at the EthCC conference in Paris.

UniswapX aims to enable trading across automated or automated market makers (AMM) and other liquidity sources. Currently, Uniswap has a guarantee or a "total locked value" of 3.8 billion US dollars (Rp56.9 trillion) according to data from Defilama. UniswapX projects present solutions to several problems that are often faced in on-chain trading and self-storage swaps.

Some of the interesting features of UniswapX include "better prices" through aggregation of liquidity sources. In addition, UniswapX offers gas-free exchange, protection against maximum extractive value (MEV), and no cost for failed transactions.

UniswapX plans to be a gas-free cross-chain swap in the coming months. The project will launch in an "opt-in beta" version at the Uniswap Labs interface for Ethereum's main network, and then expand to other chains and Uniswap wallets.

The project is also trying to address liquidity problems that can sometimes dry up in liquidity pools. UniswapX will involve third-party fillers who can charge swaps directly or direct users to the appropriate AMM pool. This third-party filler will compete with Uniswap itself, which is expected to help lower prices for traders.

Another advantage of UniswapX is that the filler will bear gas costs in the name of the exchange, so that the exchange does not need to have a blockchain native network token, such as ETH or MATIC, to participate in trading. Fillers can also reduce transaction costs by combining multiple orders, creating a competitive environment to reach the most profitable price.

Uniswap juga menegaskan bahwa UniswapX akan membantu mengatasi masalah MEV yang sering ditingkat oleh para pembela. MEV adalah skema yang memanfaatkan preinsi transaksi yang beret, dan UniswapX akan mengizinkan operator jaringan untuk memanfaatkan kemampuan ini untuk melindungi pengguna dari keuntungan yang tidak adil.