Key Points:
This release comes after a closed beta on October 12 and aims to expand Uniswap’s reach beyond the initial iOS release in April.
The Uniswap Android app, initially accessible to 430,000 waitlisted users, marks a significant step in Uniswap Labs’ strategy to attract a broader international user base. With Android devices commanding over 70% of the global market share, this move complements the platform’s goal to tap into non-American markets.
As the largest decentralized exchange by trade volume, Uniswap currently processes over $2.11 billion in daily volume. The protocol boasts a total value locked of $3.63 billion, with its native token, UNI, holding a market cap of $3.92 billion, according to DeFiLlama.
The Uniswap wallet offers seamless token swapping across various chains, including Polygon, Arbitrum, Optimism, Base, and BNB Chain, with plans for integrating more networks in the future. Notably, transactions are safeguarded by an MEV blocker, providing swap protection by placing transactions in a private pool. This measure prevents frontrunning and sandwich attacks, enhancing security for users.
The Uniswap wallet’s journey to public availability involved testing by interested users in batches before the official release. This iterative process allowed participants to provide valuable feedback, ensuring a robust and user-friendly experience for the broader Android user base.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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