On Wednesday, May 5, Uniswap launched the third version of its decentralized exchange protocol on the Ethereum network. A guide to the transition was published on GitHub.
Soon after the launch, the site the site went down. As of writing, it remains unavailable.
The interface has been restored on the main domain.
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🦄 We are thrilled to announce that Uniswap v3 is now live on Ethereum mainnet!https://t.co/liqYXtQoM2 has been updated to support v3.https://t.co/VeR2ueZfEk
— Uniswap Labs 🦄 (@Uniswap) May 5, 2021
On May 2, the Uniswap founder Hayden Adams teased a ‘fun little surprise’ for the launch of v3. Details remain unknown.
Fun little surprise feature planned for the Uniswap v3 launch 🎨
— hayden.eth 🦄 (@haydenzadams) May 1, 2021
One of the main reasons for the upgrade was growing competition from other decentralised exchanges such as Curve, SushiSwap and the BSC platform PancakeSwap.
The third version of the exchange is expected to bring radically new features and concepts, including concentrated liquidity, limit-range orders and multiple positions within a single pool.
In April, the price of the token UNI hit an all-time high above $42.
On April 21, Uniswap’s weekly trading volume exceeded $10 billion.
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