The Uniswap team announced via X on Tuesday that the Limit Order feature is now live on the Uniswap Web App. Limit Orders cost zero gas, with no minimum swap size, and no escrowed funds.
The team explained that with Limit Orders, if the market hits a user’s price and a filler picks up their swap, their order will execute automatically. However, if the order is not filled in the set time, it expires and the swap is never executed.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $14.011, down by 2% in the last 24 hours.