Scroll has announced the integration of Uniswap V3 through multiple community-developed frontends. The platform has shown its dedication to credible neutrality by giving users a choice of frontends.
Scroll is a Layer 2 Ethereum network that provides scaling solutions for projects built on the Ethereum virtual machine. It uses zero-knowledge technology to make development faster and more affordable without sacrificing security or reliability.
Scroll is designed to have bytecode-level compatibility, enabling transactions to be processed faster and at lower costs. It works by batching thousands of transactions off-chain into one, then submitting a proof consisting of a minimal data summary to Ethereum’s mainnet.
Uniswap is a multichain decentralized exchange (DEX) that facilitates cryptocurrency trading without intermediaries. As one of the largest Web3 DEXes, it boasts key features such as decentralization, permissionless access, and its governance token, UNI, enabling voting on protocol changes.
Utilizing an automated market maker model, Uniswap relies on liquidity providers for trading pairs. The constant product formula determines token pair prices, and arbitrage opportunities ensure alignment with market prices. The platform charges a 0.30% fee on trades, contributing to reserves and rewarding liquidity providers.
According to Scroll, a substantial 52 million votes favored the proposal, showcasing strong community backing. Key figures within the decentralized community also endorsed Scroll’s Uniswap proposal during the voting process, further emphasizing its widespread support.
Scroll users will now enjoy access to Uniswap V3 through two separate frontends, thanks to this enhancement. Before this integration, Uniswap V3 had its debut on Scroll’s testnet in February, providing developers and users with the opportunity to actively participate in and explore the platform.
Apart from Scroll, Uniswap announced that its V3 will be integrated with Filecoin Virtual Machine (FVM) in October this year following unanimous approval in an on-chain vote initiated by Michigan Blockchain.
The proposal aims to empower the Uniswap ecosystem by leveraging FVM’s innovative environment. Benefits include perpetual storage solutions, data governance, monetization, and enhanced DeFi functionalities within Filecoin.
Beyond the Uniswap V3, there are expectations that Uniswap V4 will be unveiled soon. Uniswap Labs unveiled the vision for Uniswap DEX v4 with emphasis on improvements in license and governance, hooks & custom pools, and an enhanced architecture for gas savings.
The release is aimed to enhance functionality, scalability, and efficiency, positioning Uniswap as a leader in decentralized exchanges. Notable features include a new licensing model, improved pool lifecycle events, and reduced gas requirements for swaps by over 99%.
