Uniswap Version 3.0 (V3) Is Now Live on Ethereum Network
May 6 2021 · 12:05 UTC by Bhushan Akolkar · 3 min read
Photo: Depositphotos
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The Uniswap version 3.0 brings along the concept of Concentrated Liquidity resulting in better capital efficiency for liquidity providers.
On Wednesday, May 5, automated market maker Uniswap announced its version 3.0 going live on the Ethereum blockchain network. The newly launched version of the automated market maker aims to attract more crypto-traders and high-net investor funds.
As revealed by Uniswap in March, version 3.0 will make the on-chain exchange of tokens more capital efficient. Decentralized exchange Uniswap first appeared on Ethereum back in 2018. Currently, it is the fourth-largest Ethereum-based DeFi application with over $7 billion in staked assets. The official blog post of Uniswap notes:
Uniswap Version 3.0 Now Successfully Deployed on Ethereum (ETH) Mainnet
The team at
Uniswap, a leading non-custodial Ethereum token exchange, revealed on May 5, 2021, that Uniswap version 3.0 has now been launched on the Ethereum (ETH) mainnet. All “relevant contract addresses” are found here.
As mentioned in an update from the Uniswap developers:
“Uniswap v3 is the most powerful version of the protocol yet, with Concentrated Liquidity offering unprecedented capital efficiency for liquidity providers, better execution for traders, and superior infrastructure at the heart of decentralized finance.”
For a complete description of Uniswap version 3’s features, you may refer to this update from the team in March 2021.
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