CDS Crypto News UniswapX Upgrade Unveils Gasless Swapping and MEV Protection, Triggering Surge in UNI Price
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UniswapX Upgrade Unveils Gasless Swapping and MEV Protection, Triggering Surge in UNI Price

UniswapX upgrade claims gas-free swapping and MEV Protection, UNI Price jumps.

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UniswapX Upgrade Unveils Gasless Swapping and MEV Protection, Triggering Surge in UNI Price

UniswapX, a groundbreaking protocol, introduces gas-free swapping and liquidity source aggregation. Developed by the Uniswap team, this permissionless, open-source protocol is currently available as an opt-in beta.

UniswapX Upgrade Unveils Gasless Swapping and MEV Protection, Triggering Surge in UNI Price

At the heart of UniswapX is the objective to enhance on-chain trading and elevate self-custody swapping through Dutch auction-based trading across Automated Market Makers (AMMs) and other liquidity sources. This innovative protocol marks a significant advancement for the largest decentralized exchange (DEX) in the market, with the team anticipating numerous benefits to be offered in the future.

These advantages encompass improved prices by aggregating liquidity sources, gas-free swapping, and protection against Maximal Extractable Value (MEV). Additionally, users will experience no costs for failed transactions and can eventually look forward to gas-free cross-chain swaps. UniswapX operates by outsourcing routing complexity to a decentralized network of third-party fillers, who then compete to execute swaps using on-chain liquidity from AMM pools or their own private inventory.

UniswapX can be accessed through the Uniswap Labs interface, and it is designed to be immutable, preventing any modifications or pauses to the contract. The protocol’s code has been thoroughly tested and audited, and a bug bounty program is also available, ensuring the highest level of security and reliability for users.

UniswapX Upgrade Unveils Gasless Swapping and MEV Protection, Triggering Surge in UNI Price
Sources:beincrypto

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