TechFlow news: Uniswap Labs has announced the launch of the UniswapX protocol beta, a new permissionless, open-source (GPL), Dutch auction-based protocol designed for trading across AMMs and other liquidity sources.
The protocol is available on the Ethereum mainnet and is planned to expand to other blockchains and the Uniswap Wallet. UniswapX offers improved pricing by aggregating liquidity sources, enables gasless swaps, eliminates fees when trades fail, and provides protection against Maximum Extractable Value (MEV). Over the coming months, UniswapX will further expand to support cross-chain swaps and introduce full gasless functionality.
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