Uniswap

Bitcoin ETF

WazirX

Decentralized crypto exchange Uniswap has announced a new upgrade for UniswapX with users anticipating increased participation. The upgrade will deploy a new auction contract that redesigns the information quote flow on the platform. At press time, UNI is in the red zone as negative sentiment creeps in following market factors.&nbsp; 
<h2 id="span-style-font-weight-400-strong-uniswap-labs-rolls-out-upgrade-strong-span">Uniswap Labs Rolls Out Upgrade&nbsp;</h2> 
Uniswap Labs disclosed upgrades to UniswapX deploying a new auction that essentially redesigns the flow of order quote information. The exchange wrote on X (formerly Twitter) that the new update will increase quoting speeds, enhance trade execution, and ensure more MEV is returned to swappers.&nbsp; 
The upgrade is available on the web app and will soon be available for mobile pointing to the price of UniswapX and other versions. 
<blockquote>
 “As! a reminder: If UniswapX fillers give you a better price, your swap will be executed through UniswapX. If Uniswap v2 or v3 has the better price, your swap will be executed through the AMM.”
</blockquote> 
The community has lauded the update at a time when negative sentiment is beginning to creep in as users hope for a turnaround of fortunes. Recent whale activity around the exchange token points to potential upticks although it is not reflected in its current price following a correction. This year, decentralized finance (<a href="https://coingape.com/glossary/defi-decentralized-finance/" target="_blank" rel="noopener">DeFi</a>) activity has picked up in the market following institutional participation on the back of spot Bitcoin ETF approvals. As a result, assets under management (AUM) as well as trading volumes skyrocketed in Q1 2024 before steadying in subsequent quarters. 
Also Read: <a href="https://coingape.com/leading-asset-manager-csop-ceo-says-bitcoin-to-hit-100k-soon/" target="_blank" rel="noopener">Leading Asset Manager CSOP Says Bitcoin to Hit $100k Soon</a>&nbsp; 
<h2 id="span-style-font-weight-400-strong-uni-holders-eye-rebound-strong-span">UNI Holders Eye Rebound&nbsp;</h2> 
Uniswap trades at $7.67 falling 2.46% in the past day following sell-offs. This extends weekly exits to 5.35% and monthly outflows to 15.5%. This week, the exploiter of <a href="https://coingape.com/wazirx-hack-update-founder-reveals-details-on-fund-recovery-withdrawals/" target="_blank" rel="noopener">WazirX</a> became the top UNI seller further declining sentiments. 
However, users remain bullish about a positive turnaround due to previous numbers, upgrades, and institutional activity in the market. Trading of Ethereum ETFs in the United States is expected to rally in new investments as a window opens for traditional players. 
Also Read: <a href="https://coingape.com/polymarket-taps-moonpay-for-crypto-payments-amid-election-rush/" target="_blank" rel="noopener">PolyMarket Taps MoonPay For Crypto Payments Amid Election Rush</a> 
The post <a href="https://coingape.com/uniswap-announces-major-upgrade-whats-next-for-uni/">Uniswap Announces Major Upgrade, What’s Next for UNI?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Uniswap Announces Major Upgrade, What’s Next for UNI?

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