#Write2earn
Uniswap Upgrade Enhances Trade Execution and Speed
#Uniswap #UniswapX #UniswapUpgrade
Decentralized exchange Uniswap has rolled out a new upgrade for UniswapX. This update is set to improve information quote flow and enhance trade execution speeds, aiming to increase user participation.
Key Features of the Upgrade
Uniswap Labs announced the upgrade, which deploys a new auction contract that redesigns how order quote information flows on the platform. This improvement promises faster quoting speeds and better trade execution, ensuring more Miner Extractable Value (MEV) is returned to swappers. The upgrade is currently available on the web app and will soon be accessible on mobile.
Community Reaction and Market Impact
Uniswap Labs stated on X (formerly Twitter), "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."
The community has welcomed this update amid a backdrop of negative market sentiment. Despite recent sell-offs and a dip in UNI's price, there's optimism for a market turnaround. Recent whale activity suggests potential upticks, even though the current price reflects a correction.
Market Trends and Future Outlook
This year has seen increased decentralized finance (DeFi) activity due to institutional participation and the approval of spot Bitcoin ETFs. As a result, assets under management (AUM) and trading volumes surged in Q1 2024 before stabilizing in subsequent quarters.
UNI Holders Hope for Rebound
Uniswap’s token, UNI, is currently trading at $7.67, down 2.46% over the past day. This marks a weekly decline of 5.35% and a monthly outflow of 15.5%. Additionally, the exploiter of WazirX became the top UNI seller this week, contributing to negative sentiment.
However, users remain optimistic about a positive turnaround, fueled by previous strong performance, recent upgrades, and ongoing institutional activity.
