Uniswap launched the second version of its protocol

Decentralized token exchange Uniswap launched the second version of its Uniswap v2 protocol, which includedmany new features added.

The developers announced the creation of a new versionUniswap protocol at the end of March. Uniswap v2, which was previously tested on the Ropsten, Rinkeby, Kovan and Görli test networks, has launched on the Ethereum mainnet. As the company reported in its blog, the new version of the protocol adds support for ERC-20 token trading pairs, more manipulation-resistant price oracles and instant exchanges.

For companies using the Uniswap protocol, there wascreated a portal for liquidity migration from the first version of the protocol to the second, the Uniswap v2 analytics portal and “an updated interface for exchanging and providing liquidity in Uniswap v2”. In addition, the new version of the protocol passed a security audit, which was conducted from January 8 to April 30, 2020, that is, even during the development of Uniswap v2.

In the first quarter of 2020, trading volumes on the platformUniswap increased by 225% compared to Q4 2019. At the same time, the bulk of trading was carried out during the strong volatility of the cryptocurrency market in mid-March, including Black Thursday. And although trading volumes decreased slightly in April, $100 million worth of cryptocurrencies are expected to be traded on Uniswap in May.

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