Uniswap Labs opens wallet extension for 11 blockchains

by

As a seasoned researcher with a deep interest in the blockchain and cryptocurrency space, I’ve witnessed the rapid evolution of wallet solutions over the past few years. The latest addition to this competitive landscape is Uniswap’s new browser extension on Google Chrome. After enduring the anticipation of over six months, Uniswap Labs has finally made it available to the public, joining the ranks of self-custodial tools like MetaMask.

Users of Uniswap wallets now have the option to utilize a storage solution on a web browser powered by Google, which is akin to other self-custodial wallets such as MetaMask.

Over half a year later, Uniswap Labs has made their wallet browser extension accessible to the public via Google Chrome. This extension was initially unveiled in February, and an impressive number of 793,000 users expressed interest by joining the waiting list.

Uniswap Labs, the organization responsible for Ethereum‘s leading decentralized exchange (DEX), enables users to perform on-chain tasks such as token swaps through its wallet browser extension on eleven different networks. At present, it’s unclear if Uniswap will expand wallet support to additional blockchains. The current lineup consists of Arbitrum, Avalanche, Binance Smart Chain, BSCScan, Blast, BNB Chain, Celo, Ethereum, Optimism, Polygon, Zora Network, and ZKsync.

The DEX builder and cryptocurrency wallet provider currently offers two highly sought-after solutions, attracting close to one million users for its crypto storage feature alone. Additionally, Uniswap’s decentralized exchange holds the number one spot among DEXs with a staggering $2.4 billion in daily trading volume and an impressive $5.6 billion in total value secured.

Excited to introduce the new Uniswap Extension!

— Hayden Adams 🦄 (@haydenzadams) July 16, 2024

Uniswap hones in on crypto wallet wars

As a seasoned observer of the financial world, I have seen my fair share of innovations and trends come and go. But none have captured my attention quite like blockchain technology and cryptocurrencies. Having closely followed their development over the past few years, I am truly excited about the new features and offerings that wallet providers are rolling out in 2021. The global spotlight on these technologies is well-deserved, and I believe they have the potential to revolutionize the way we manage and transfer value. It’s an exciting time to be part of this dynamic and ever-evolving space.

Beginning July 11, Coinbase unveiled a streamlined system for overseeing both Coinbase Wallets and on-the-blockchain portfolios, aimed at making on-chain investments more straightforward. In collaboration with Jack Dorsey’s Block, payment company MoonPay was brought in to facilitate Bitcoin (BTC) acquisitions using common payment methods.

As a security analyst, I’m excited to share that MetaMask has recently integrated Blockaid’s security measures into its platform to enhance threat prevention. Additionally, they’ve introduced direct validator staking, enabling users to operate their Ethereum validator nodes and reap rewards. These advancements underscore the increasing rivalry among wallet providers to offer superior features and attract the next billion web3 users, driving mass adoption forward.

Read More

2024-07-16 19:34