Hassan Maishera
On Wednesday, the Uniswap team announced via X that Tempo is now live on Uniswap Web App and Wallet. Tempo is purpose-built for stablecoin payments: sub-second finality, 100K+ TPS, and stablecoin-denominated gas. Its architecture includes a stablecoin DEX built into the chain for stable-to-stable pairs like USDC.e to USDT0. For all other types of assets, Uniswap serves as the liquidity layer.
Tempo's liquidity is available in a single swap through Uniswap products. Stablecoin swaps settle onchain on Tempo’s native DEX and everything else settles on Uniswap Protocol. Under the hood, an aggregator hook wraps Tempo's stablecoin DEX as a set of v4 pools, so both liquidity sources are available for users.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
UNI, the native token of Uniswap, is currently trading at $3.08, down 4.5% in the last 24 hours.
