So what is the long-awaited Uniswap V3 all about? How is it different from V2? Will this be a game-changer when it comes to the Automated Market Makers space? And will it launch directly on Layer 2? You’ll find answers to these questions in this video.
Although Uniswap, as one of the core DeFi projects, doesn’t need much of an introduction, let’s quickly go through a few major points before we jump into V3.
Uniswap, in essence, is a protocol for decentralized and permissionless exchange of tokens on the Ethereum blockchain.
The initial version of Uniswap was launched in Nov 2018 and slowly started building users’ interest.
In May 2020, at the beginning of DeFi Summer, Uniswap launched a second version of the protocol called Uniswap V2.
Just before releasing V2, the team behind Uniswap had already started working on a new version of the protocol, details of which were announced just now - at the end of March 2021. The team decided to launch Uniswap V3 on both the Ethereum mainnet and Optimism - an Ethereum Layer 2 scaling solution - targeting early May for the release.
This was clearly one of the most anticipated announcements in DeFi’s history and it looks like V3 can completely revolutionise the AMM space.
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