April 1, 2023

Uniswap launched the second version of its protocol

Uniswap decentralized token exchanger launched the second version of its Uniswap v2 protocol, which included many new features added.

Developers announced the creation of a new versionUniswap protocol in late March. Uniswap v2, which was previously tested on the test networks Ropsten, Rinkeby, Kovan and Görli, is launched on the main network of Ethereum. According to the company in its blog, the new version of the protocol adds support for ERC-20 token trading pairs, price oracles and instant exchanges that are more resistant to manipulation.

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 I quarter of 2020, trading volumes on the platformUniswap immediately increased by 225% compared with the fourth quarter of 2019. At the same time, the main trading volume was completed during the strong volatility of the cryptocurrency market in mid-March, including Black Thursday. Although trading volumes decreased slightly in April, in May it is expected that cryptocurrencies worth $ 100 million will be traded at Uniswap.