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- 1 The advanced Web3 browser extension of Uniswap is launching on February 28.
- 2 The advanced version will include a side bar, limit orders, and better analytical capabilities.
- 3 Through its Twitter account, Uniswap has shared all the details about the Web Extension and its release.
On February 27, 2024, Uniswap Labs shared details of its upcoming browser extensions. The updated version will be live on February 28, 2024. Uniswap Labs shared a video on their X (formerly Twitter) account, highlighting the features and advancements in the new update.
It has developed new features to redefine the trading journey of the users of its decentralized exchange. The new feature collection includes
- Uniswap browser extension sidebar
- Limit orders for precise trading strategies
- Advanced data and insights for making well-informed investment and trading decisions
The browser advancements aim to make DEX processes more efficient, secure, and insightful for DeFi participants.
What will the advanced version of Web3 offer?
The Uniswap Web Extension is introducing a new way to interact with digital assets directly from a browser sidebar. It will streamline the process of swapping digital assets, signing transactions and trading.
Uniswaps Labs shared through an X post,
“Let’s be real — most wallet extensions are stuck in the past, with old UX paradigms and clunky onboarding flows,” said Uniswap on social media. “That’s why we built our own.”
After the announcement of the release, the Uniswap team shared various follow-up posts explaining the features, differentiators, and benefits for users.
“With Uniswap Extension you’ll be able to swap, sign transactions, and send or receive crypto anywhere on the web,” said Uniswap. “Everything is right there in your sidebar — exactly where you need it to be.”
Moreover, the Uniswap platform introduced a waitlist for users interested in the beta version of its browser extension. The users will get access based on the order in which they claim their uni(dot)eth usernames. Notifications about waitlist status will be provided through the Uniswap mobile application.
Understanding Limit Orders
The latest update also includes a feature facilitating Limit Orders. This advanced feature will allow users to automate buying or selling crypto at prespecified prices.
This feature is designed to execute trades when the market hits a user-defined price or it allows the order to expire if the desired price is not achieved within the specified duration, which is generally a year. UniswapX supports this feature by eliminating gas fees for setting up and completing limit orders.
Enhancement of Analytical Capabilities and Charts
The integration of updated token detail pages and new pool detail pages into its web app will also enhance its analytical capabilities. These additions will offer real-time charts, transaction logs, pool data, and comprehensive project information. These features will seamlessly integrate into the swapping process.
These new features will allow users to conduct in-depth research, access critical market data, and engage in direct transactions from these detailed pages.
Conclusion: Impact of Advancements
Uniswap is not only allowing users to swap; rather, it is helping them swap smartly with an advanced platform. Moreover, it will enable more informed swapping with a faster and safer platform.
As Uniswap rightly stated, “We aren’t just helping people swap,” stated Uniswap. “We’re helping them swap smarter with a unified platform that enables faster, safer, more informed swapping.”
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
