Uniswap Protocol Shares 2021 Roadmap
Uniswap Protocol Shares 2021 Roadmap
January 2, 2021
Uniswap Protocol Shares 2021 Roadmap
Uniswap Protocol Shares 2021 Roadmap
January 2, 2021

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.

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.

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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


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.