Uniswap Now Accessible Across Web3 Following Latest Upgrade

Updated:

Uniswap (UNI) continues to record massive innovative feats as the decentralized finance (DeFi) network becomes accessible virtually anywhere across Web3 following a recent upgrade.

Yesterday, Uniswap announced the launch of its “Swap Widget,” which will allow developers to integrate access to the exchange using “just one line of code.”

Swap Widget takes advantage of Uniswap’s Auto Router to extract the best pricing across the v2 and v3 pools on the exchange. The latest update is also accessible on the network’s Layer 2 deployments, which allows developers working on Optimism, Arbitrum, and Polygon to apply the widget to help achieve low-fee swaps.

Also, DApps that embed the widget can be used to receive a commission on trades facilitated through the platform.

Uniswap wrote in a blog post that it envisions “a world in which everyone is able to access fair, open, and transparent markets,” adding: “The Swap Widget brings this vision closer to reality by allowing developers to easily embed Uniswap swapping functionality.”

Commenting on the latest development, Uniswap founder Hayden Adams tweeted to his over 200K followers: “Embedding a customized Uniswap trading experience into any UI in a single line of code has been a dream of mine for over 3 years now.”

At the moment, the new widget has been integrated across several top Web3 DApps on the Ethereum mainnet, making Uniswap practically accessible across the Web3 space.

Key Uniswap Levels to Watch — April 15

Following its 25% slump to the $9.00 low on Monday, UNI has formed a mild but steady bullish pattern, as the broader market struggles to keep bears at bay.

Studio Project 59
UNIUSD – 4-Hour Chart on Coinbase. Source: TradingView.

UNI currently trades within a tight upward channel and currently tests the base of this channel, with a possible bullish reversal in view in the near term. The next rally should take Uniswap to $10.00 again, possibly over the weekend, before posting a mild correction to $9.65, followed by a bullish breakout above the $10.00 level.

However, bulls need to stall bears over the next few hours to secure the channel.

Meanwhile, my resistance levels are $10.00, $11.00, and $12.00, and my support levels are $9.00, $8.00, and $7.00.

Total Market Capitalization: $1.86 trillion

Uniswap Market Capitalization: $6.5 billion

Uniswap Dominance: 0.35%

Market Rank: #23

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.