Key Uniswap Takeaways Uniswap (UNI/USD) surged on Wednesday but lacked the momentum to turn the upside move into a price rally. The move uphill appeared after the decentralized exchange unveiled a long-awaited network upgrade. No hints on gas-solving layer-2 solution left bulls wanting more upside cues.
Uniswap climbed on Wednesday after the leading decentralized exchange team released details on its major upcoming protocol upgrade.
The latest published specifications showed that the “Uniswap V3” update would improve gas fee issues on the network. Uniswap consumes a majority of gas fees on the Ethereum network. Data fetched by ETH Gas Station shows that the exchanged charged $2 million worth of ETH for transactions in the past 30 days.
Uniswap’s new iteration aims to solve gas issues. However, the exchange won’t alleviate the problems until it launched its Layer 2 scaling solution, powered by a separate “Optimism” solution, which