Ethereum’s Favorite “Money Lego” Gets Major Upgrade
Uniswap, one of the most important building blocks for open finance on Ethereum, has gone live with V2.
Ethereum Price: $213.98
Ethereum Price (BTC): 0.021901BTC
ETH Leveraged in DeFi: 2.63M (2.37% of circulating supply)
Market Cap: $23.75B
ETH Network Dominance*: 52.22%
7 Day Candle**: $190.26 / $217.00 / $186.63 / $213.98
After releasing the details in late March, Uniswap finally went live on Ethereum mainnet with the second version of its liquidity protocol. The launch features a handful of new improvements and features, including a new sleek UI/UX and an improved portal to quickly track on-chain metrics like volume, liquidity, price and trading history.
The newest version of Ethereum’s leading liquidity protocol comes after the DEX saw a massive spike in quarter-over-quarter volume. In Q1 2020, Uniswap’s volume surged over 225% from Q4 2019. According to DeFi Pulse, Uniswap currently has the 5th most value locked in DeFi with over $40M followed by Aave with $53M.