{"id":72100,"date":"2023-10-13T03:54:20","date_gmt":"2023-10-13T07:54:20","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/decentralized-crypto-exchange-uniswap-brings-mobile-wallet-to-android-users\/"},"modified":"2023-10-13T03:54:23","modified_gmt":"2023-10-13T07:54:23","slug":"decentralized-crypto-exchange-uniswap-brings-mobile-wallet-to-android-users","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72100","title":{"rendered":"Decentralized Crypto Exchange Uniswap Brings Mobile Wallet to Android Users"},"content":{"rendered":"
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Decentralized finance (DeFi) exchange Uniswap has launched a mobile wallet application for Android users on Thursday, after launching on iOS in April.<\/p>\n

Following the iOS launch, Uniswap saw an influx of downloads and became the top three wallet for new downloads, the exchange said in an official announcement.<\/p>\n

The Android application is a beta version, enabling users to switch between different blockchains. The platform invited members of the DeFi community to help test the beta version of the wallet, before launching it wide-scale. The broader release is expected to launch before the end of this year, Uniswap Labs spokesperson Bridgett Frey, told Decrypt.<\/p>\n

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\u201cOver the past few months, we\u2019ve meticulously adapted the Uniswap wallet to Android to match the same swapping experience that millions have on Uniswap.\u201d<\/p>\n<\/blockquote>\n

According to Uniswap\u2019s X post (Twitter), more than 35,000 users have signed up to the waitlist in just 5 hours.<\/p>\n

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What Makes it \u201ca Great Swap\u201d<\/h2>\n

The Android application comes with a set of features which the company says \u201cmakes a great swap.\u201d For instance, the company has promised swapping in a fraction of a second, discovering top tokens and automatic switching between mainnets like Ethereum and layer 2 (L2), among others.<\/p>\n

\u201cThe next wave of user adoption will happen on chains with cheaper and faster transactions. That’s why we’ve made it dead simple to swap on L2s,\u201d thw wallet explained.<\/p>\n

Users will initially be able to swap tokens between Polygon, Arbitrum, Optimism, Base and BNBChain, with more chains to be integrated soon, the company wrote.<\/p>\n

Further, Uniswap Labs, the team behind Uniswap said that on-chain swaps on the wallet will be protected using \u201cswap protection\u201d in order to avoid DeFi exploits such as sandwich and frontrunning attacks.<\/p>\n

In case of a sandwich attack, a nefarious trader looks for a pending transaction on the network such as Ethereum and sandwiching occurs in between two swaps to make a profit, while frontrunning attack occurs when an attacker manipulates pending transaction, injecting additional trades to make a profit.<\/p>\n

The company also promised transparent fees, which means showing hidden gas prices upfront.<\/p>\n

According to DefiLlama data, Uniswap stands the largest decentralized exchange by cumulative volume. The platform has processed more than $1.7 trillion worth trades so far.<\/p>\n<\/p><\/div>\n