Uniswap, the world's largest decentralized cryptocurrency exchange (DEX), has introduced a closed beta version of its mobile application for Android users.
As a DEX, has processed roughly $1.7 trillion (USD) in cumulative trade volume since its inception, but had previously been available primarily through a web-based application. This year, the platform is aiming to bring in more users and expand its reach with the release of a mobile app for Android, following an earlier . The Android beta app, launched on October 12, is expected to cater to a more extensive user base.
One of the notable features of the Android beta app is its ability to seamlessly handle different blockchain networks. It automatically identifies the network associated with a selected cryptocurrency and switches accordingly. Currently, it supports networks like , , , , and , with plans to add compatibility for more networks in the future.
The Uniswap wallet for mobile (as a build) enhances the security of transactions by routing them through a private pool, a measure designed to mitigate risks like front-running and sandwich attacks. Users have the option to deactivate this feature if they prefer. The wallet also identifies cryptocurrencies with built-in transfer fees, displaying these fees clearly within the interface to ensure transparency.
The release of the beta app will be processed through an email waitlist for early access given to select users. The Uniswap's team did not make any specification or detailed descriptions on how this will be rolled out or how the early access was selected based on a set criteria.
The platform's developers confirm, however, that they are committed to making the app's codebase available through an open-source repository for future reference. This commitment is in conjunction with Uniswap's ongoing collaborative efforts with Trail of Bits, an information security research and consulting firm.
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