Uniswap V4 and a major upgrade
The DeFi platform’s native token will likely benefit in the long-run if the lower costs trickle down to users.
• Uniswap V4 offered a ray of hope for users as far as fees are concerned.
• UNI still heavily discounted despite the recent price spike.
High transaction costs are among the biggest challenges that many top DeFi platform users face. Uniswap’s latest upgrade dubbed Uniswap V4 takes such challenges into account.
Uniswap founder has stated that deploying a liquidity pool will be up to 99% cheaper thanks to Uniswap V4’s singleton design. This was one of the main benefits of this new iteration, which may make the DeFi protocol more attractive. The news comes at a time when on-chain volumes have been dwindling due to lower investor interest amid uncertain market conditions.
In addition to cost savings, Uniswap V4 will also reintroduce support for native ETH. That decision may have far-reaching positive consequences, especially in terms of user growth. This is because Ethereum is currently the largest decentralized ecosystem. As such, native ETH support may unlock more liquidity for Uniswap.
Read More: https://ambcrypto.com/uniswap-v4-to-offer-major-savings-with-this-new-upgrade-details-here/
The DeFi platform’s native token will likely benefit in the long-run if the lower costs trickle down to users.
• Uniswap V4 offered a ray of hope for users as far as fees are concerned.
• UNI still heavily discounted despite the recent price spike.
High transaction costs are among the biggest challenges that many top DeFi platform users face. Uniswap’s latest upgrade dubbed Uniswap V4 takes such challenges into account.
Uniswap founder has stated that deploying a liquidity pool will be up to 99% cheaper thanks to Uniswap V4’s singleton design. This was one of the main benefits of this new iteration, which may make the DeFi protocol more attractive. The news comes at a time when on-chain volumes have been dwindling due to lower investor interest amid uncertain market conditions.
In addition to cost savings, Uniswap V4 will also reintroduce support for native ETH. That decision may have far-reaching positive consequences, especially in terms of user growth. This is because Ethereum is currently the largest decentralized ecosystem. As such, native ETH support may unlock more liquidity for Uniswap.
Read More: https://ambcrypto.com/uniswap-v4-to-offer-major-savings-with-this-new-upgrade-details-here/
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