Uniswap V3 Went Live on Optimism
Uniswap, world’s largest decentralized cryptocurrency aggregator was delighted to announced that Uniswap V3 went live on Optimism Ethereum mainnet. Today’s launch marks the first step in the journey for DeFi applications to rival and surpass traditional web user experiences. Optimism’s roadmap promises further powerful improvements including additional scaling, smart wallet EOAs (no ”approves”, pay gas in any token), and decentralization of the transaction sequencing operation.
During this Alpha period, OΞ will support an initial throughput of 0.6 transactions per second. Because Uniswap v3 is currently one of the few protocols deployed to OΞ, this should translate to transaction capacity roughly in line with L1. Unlike L1, transactions on OΞ confirm instantly — no more pending or stuck swaps
Launch Details
Users can start migrating assets over to the Optimism Ethereum network through the Optimism Gateway. A detailed user guide is available here. Optimism is already compatible with popular wallets (Metamask, WalletConnect), Etherscan, and The Graph. Optimistic Ethereum is a complex Layer 2 scaling solution still in need of rigorous battle testing. At launch, the Optimism team will have upgrade rights over the bridge contract, allowing them to address any bugs that should arise.
ABOUT OPTIMISM ETHEREUM
Optimistic Ethereum is an Ethereum L2 scaling solution that uses optimistic rollups to achieve lower fees, latency, and greater throughput while providing a world-class developer and user experience
ABOUT UNISWAP PROTOCOL
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts
RESOURCES
Medium | Uniswap Blog