$UNI token pumps 44%, as UniSwap decides to launch Uniswap Extension

The UniSwap developers said no more pop-ups & no more transaction windows will be faced by the UniSwap customers, with the latest feature.

Uniswap is a top-ranked popular decentralised cryptocurrency exchange that uses a set of open-source smart contracts to execute crypto token trades. This platform falls into the category of a DeFi product but many times faces criticism over misuse of the platform. 

On 27 Feb 2024, The UniSwap team announced that they just introduced the UniSwap extension. For now, the first browser will appear in the sidebar of the UniSwap interface.

A waitlist is currently available for only those UniSwap users who have claimed a uni.eth username. 

The Uniswap Extension Beta version will remain available in the order of username claims.

In short, this new feature will allow UniSwap customers to trade crypto tokens directly from their self-custody crypto wallet via the UniSwap platform.

However, this is not a new service for the UniSwap customers but it is going to create a different level of crypto trading experience.

Before this UniSwap customers were required to go through third-party extensions, most wallet extensions stuck in the past, with old UX paradigms and clunky onboarding flows.

However, this new official feature by UniSwap is launched & only available to a limited number of customers but surely it will take some time for the UniSwap team to allow all the UniSwap users.

According to Uniswap Foundation’s governance lead, Erin Koen, the UniSwap extension will help the immutability of the Uniswap DEX, optimise security, and preserve its ability to experiment in the future.

immutability will benefit in removing the risk of bugs being introduced, and user funds being hacked in the future. 

Uni token price action

The current trade price of Uni, the native token of UniSwap crypto exchange, is $11. This trade price is 46% higher over the last 7 days.

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