The Uniswap team announced the deployment of its support contracts on the 4 Ethereum testnets, Ropsten, Rinkeby, Kovan and Goerli.
Uniswap, one of the most important DEX in the decentralized finance ecosystem (DeFi), deployed the supporting smart contracts for its new version, Uniswap V3, on test networks or testnet of the blockchain de Ethereumcalls ropsten, Rinkeby, Hive y GoerlyThis was reported by the Uniswap development team via Twitter.
Uniswap V3 is the new version of the decentralized exchange (DEX) which is about to be activated on the Ethereum network, and with which several improvements will be integrated into the DEX protocol to optimize capital efficiency, aiming towards greater scalability and performance, and towards the reduction of commission rates; a problem that has affected and plagued the Ethereum community and the network protocols for some time.
Uniswap V3 is scheduled to be activated on the Ethereum mainnet on May 5, as reported by developers late last month.
It may interest you: Uniswap V3 Coming Soon to Ethereum Mainnet to Improve Capital Efficiency
Testnet Deployments
Deploying the new version of the DEX contracts on Ethereum testnets will help developers experiment and evaluate the operation and performance of V3, correcting any bugs that may arise before its official launch on mainnet. In this way, the team will be able to ensure that the new version of the protocol will work correctly.
The project developers also reported that the addresses of deployed contracts are not final, so users should keep in mind that these will change as the team continues with final protocol updates, which will be published on its GitHub repository.
Uniswap V3 is the next step for the DeFi protocol, which seeks to continue leading the decentralized finance ecosystem. As Bit2Me News previously explained, Uniswap V3 will allow the project's liquidity providers (LPs) to provide the same liquidity depth as in the V2 version, but with adjustable and customized price ranges. This allows Uniswap investors and traders to risk much less capital than in previous versions.
Hayden AdamsUniswap founder, also highlighted that his vision with V3 is to provide a much more efficient way to use and invest saved capital to generate high returns and profits. Which in turn will attract a larger number of users and investors of the protocol, who will deposit value in the project, increasing its liquidity and the value of its UNI token.
When the team announced Uniswap V3 in late March, UNI's price surged by over 10% on markets within hours, reaching over $35 per unit.
More than $10.000 billion weekly
Earlier this week, Uniswap managed to set another all-time high in the DeFi ecosystem. The protocol was the first to surpass a weekly trading volume of $10.000 billion, marking a new record in the industry.
Founder Adams celebrated the news on Twitter, noting that the protocol is the first to achieve this feat, and that $10.000 billion in weekly trading volume would equal $520.000 billion per year.
Uniswap was also the first DeFi protocol to surpass the $2.000 billion and $3.000 billion levels in total value locked (TVL) for the first time.
At the time of this edition, the price of UNI in the markets is $33,5The market capitalization of this token is over $17.400 billion, which places UNI among the top 10 largest and most important cryptocurrencies in the crypto industry.
Continue reading: Uniswap Reclaims Top Spot in DeFi, Growing Over 70% in Just 1 Month
