Uniswap Protocol Shares 2021 Roadmap

Report said that DEX Uniswap Protocol made waves by becoming the first project to exceed $3 billion in TVL. For now, it has fallen to $1.7 billion.

It has been reported that the DeFi market also had a wild year as the total value locked (TVL) in the sector grew 20 fold to surpass $14 billion.

However, the UNI token is also enjoying an uptrend, trading at $5 after a 43% rally over the past week. Currently, UNI is the 22nd largest cryptocurrency with a market cap of $1.34 billion.


#UNI Enjoying A Breakout Year; @UniswapProtocol Shares 2021 Roadmaphttps://t.co/6EeQObfqkh — ₿EG News – BitcoinExchangeGuide (@bitcoinsguide) January 1, 2021

The report said that after the “breakout year,” Uniswap is now working on V3 to improve automated market-making (AMM). In its 2021 roadmap, the team shared that they will be exploring scaling solutions for faster and cheaper transactions, with an emphasis on governance.

The team stated:

“V3’s design is driven by a desire to drastically improve the AMM experience for both swappers and LPs, increasing capital efficiency and flexibility while introducing superior execution.”

Likewise, the team also shared a review of 2020, a year in which the Uniswap V2 was launched bringing in support for arbitrary ERC20/ERC20 pairs and flash swaps that has generated $4.8 bln in volume since then, producing $14.4 mln in LP fees.

In the entire last year, the decentralized exchange recorded $58 bln in volume, up 15,000% from 2019’s $390 mln. Uniswap even passed Coinbase on weekly volume.

Thus, over 68,000 unique addresses are currently providing $2bn in liquidity across 27,000 unique trading pairs on the platform.

Source: Bitcoin Exchange Guide

#Uniswap #UniswapProtocol #CryptoNewsPoint #2021 #DigitalNotice

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