Uniswap Mobile Application Goes Live with Blast Integration
Highlights
- Uniswap app integrates Blast for faster, cheaper Ethereum swaps.
- App supports native yield on ETH and USDB via Blast integration.
- Multilingual Uniswap app offers swaps in over 18 currencies.
The Uniswap mobile application has finally gone live for the public, which will see the integration of Blast, a Layer-2 scaling solution for Ethereum. This integration permits swaps to be carried out directly with the app, making the process more convenient and improving the user experience on the decentralized exchange (DEX).
Uniswap’s Enhanced User Experience with Blast
The Blast protocol integrated into Uniswap provides significant advancements in transaction speed and lowered gas fees. Blast tackles Ethereum mainnet’s scalability challenges, allowing Uniswap users to benefit from quicker and cheaper transactions. This synergy becomes extremely important when the network is having a lot of congestion, and so the speed of transactions slows down and the fees go high.
Live in 3…2…1
Users can now swap on Blast in the Uniswap mobile app 💥 pic.twitter.com/bdWbBBCxw0
— Uniswap Labs 🦄 (@Uniswap) April 27, 2024
The mobile app now accepts native yield for cryptocurrencies such as Ethereum (ETH) and USDB stablecoin. Concurrently, instead of active participation in other DeFi protocols, users can get an interest from these holdings of directly via the application. Because of this feature, investing becomes less complicated, and the overall utility of the app increases.
Swap Functionality and Liquidity Provision
Liquidity pools for Uniswap v2 and v3 are available within the Uniswap mobile app. Native yields can be earned by liquidity providers in v2 pools if one of the two tokens in the pool is either USDB or wrapped ETH (wETH). This is like holding these tokens in a Blast wallet. But since concentrated liquidity is relatively complex, v3 pools on Blast do not have native yield yet.
Moreover, the application allows other features in addition to token swapping. It includes the use of limit orders that are automatically triggered upon reaching certain price conditions. This tool is a must-have for traders who want to maximize their trading strategies without constantly monitoring market moves.
Global Accessibility and Multilingual Support
The mobile app’s multilingual and multicurrency support illustrates Uniswap’s global accessibility. Customers are free to surf and transact in over seven languages, such as English, Spanish, Japanese, Portuguese, French, traditional Chinese, and simplified Chinese. Multilingual support is available to cater to a huge number of users from different cultural backgrounds, making the website accessible to a wider audience, i.e. global.
DeFi is global — and so is Uniswap.
The mobile app now supports seven languages and 18+ currencies — including Chinese. 🇨🇳
快来下载Uniswap APP吧🦄https://t.co/fHH6uqzaWX pic.twitter.com/amWEBbs3Fp
— Uniswap Labs 🦄 (@Uniswap) January 21, 2024
Furthermore, the app allows transactions in more than 18 currencies. Thus, users can see their virtual currency holdings in their local currency. This function eliminates the need for complicated currency conversions and makes the trading process more convenient for users.
Post the announcement, UNI price soared to an intra-day high of $8.05 before facing stiff resistance and retracing. At press time, the bullish momentum was still in play with UNI trading at $7.92, a 2.39% surge in the last 24 hours.
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