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Uniswap's mobile app has been officially released for public use, integrating Blast - a second-layer scaling solution for Ethereum
This integration enables users to perform swaps directly within the application, increasing convenience and improving the overall user experience of the decentralized exchange (DEX).
Improved user experience with Blast in Uniswap
The Blast protocol integrated into Uniswap brings significant improvements in transaction speed and a reduction in gas fees. By addressing Ethereum's mainnet scalability challenges, Blast enables Uniswap users to enjoy faster and more cost-effective transactions, especially during periods of network congestion when transaction speeds decrease and fees increase .
The mobile app now supports so-called “native yield” for cryptocurrencies such as Ethereum (ETH) and the stablecoin USDB. Additionally, users can earn interest directly through the app without the need for active participation in other DeFi protocols. This simplifies the investment process and increases the overall utility of the application.
Swap functionality and liquidity provision
The Uniswap mobile app offers liquidity pools for both Uniswap v2 and v3. Liquidity providers in v2 pools can earn a return if one of the tokens in the pool is USDB or wrapped ETH (wETH), similar to holding those tokens in a Blast wallet. However, due to the complexity of concentrated liquidity, v3 pools in Blast do not currently offer “native yield”.
In addition to token exchange, the app also supports other features such as limit orders that are automatically executed when certain price conditions are met. This feature is beneficial for traders who want to optimize their trading strategies without constantly monitoring market movements.
Global accessibility and multilingual support
The support of several languages and different currencies in the mobile application testifies to Uniswap's global reach. Users can navigate and transact in more than seven languages, including English, Spanish, Japanese, Portuguese, French, Traditional Chinese and Simplified Chinese. Multi-language support targets a diverse user base, improving accessibility for a global audience.
The app also supports transactions in more than 18 currencies, allowing users to view their digital currency holdings in their local currency. This feature eliminates the need for complex currency conversions, making the trading process more user-friendly.
Following the announcement, UNI price rose to an intraday high of $8.05 before meeting resistance and pulling back. At the time of writing, bullish momentum continues, with UNI trading at $7.64, reflecting a 4% decline over the past 24 hours.