Hassan Maishera
On Tuesday, the Uniswap team announced in a blog post that Privy has integrated the Uniswap API to power swaps natively inside its wallet infrastructure. Developers building with Privy now have access to Uniswap liquidity out of the box, no custom logic required.
With this integration, trades happen within the Privy wallet layer, not as a separate system to stitch together. Teams building payments, remittances, or onchain applications can move between assets exactly when needed.
Uniswap API provides access to onchain and offchain liquidity, with efficient routing across the Uniswap Protocol, which has historically delivered meaningful price improvement for swappers against the leading aggregator.
Developers can build swaps into their applications with Privy today. For those building outside of Privy, the Developer Platform enables anyone to generate an API key and is completely free to use.
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 $3.21, up 4.2% in the last 24 hours.
