Hayden Adams, founder of Uniswap, announced UniswapX with the aim of increasing the volume of DEX.
While the crypto money industry is slowly coming to the end of the crypto winter, industry players continue to come up with new projects. However, Uniswap founder Hayden Adams announced UniswapX today to round up the volume of DEX.
Uniswap’s new move UniswapX
Hayden Adams announced a new open source protocol called UniswapX. This protocol aims to facilitate transactions by bringing together various liquidity sources. Hayden Adams, founder of Uniswap, developed UniswapX to increase liquidity in decentralized exchange pools. According to an official blog post, this protocol published by Uniswap provides an aggregator service to help users find the best prices by combining their liquidity sources.
UniswapX targets an open network of competing third-party assets to perform swaps using on-chain liquidity, such as decentralized pools of exchanges or private inventory across different versions of Uniswap. “Exchangers will be able to transact without worrying about getting the best price while using the Uniswap interface, and all transactions will be transparently recorded and handled on the Blockchain,” says Hayden Adams.
Uniswap is the largest decentralized exchange protocol in terms of daily trading volume. In just the last 24 hours, this protocol has achieved significant trading volume on the Ethereum mainnet. The UniswapX protocol was developed to continue Uniswap’s success and meet liquidity requirements.
