Hype is growing about the "v3" upgrade for Ethereum DeFi's leading app, Uniswap

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Hands down, Uniswap is one of the most important decentralized apps on Ethereum.

Uniswap regularly processes over 100,000 trades that contain hundreds of millions in volume each day.

Even still, Uniswap has room to improve: slow Ethereum block times, low transaction throughput, amongst other concerns mean the user experience can sometimes be less than optimal.

Enter Uniswap v3, a long-rumored upgrade that may be in the works.

Jason Smith, a user that has closely been following Uniswap and Ethereum, recently broke down all comments from Uniswap and its founder Hayden Adams, the exchange's founder, to determine what the Uniswap v3 upgrade is likely to entail.

Uniswap v3 is expected to be such a dramatic improvement over the previous iteration that it will "Eat Uniswap v2's lunch," in Hayden's own words.

"2021: Uniswap V3 will face slippage and capital efficiency head on to prove AMMs can outcompete traditional exchanges on all fronts."

The team behind the exchange also intends to make Uniswap easier to use by include native educational content within the platform.

As for solving scaling issues, Hayden discussed launching Uniswap v3 on both the main Ethereum network and a second-layer solution such as Optimism's Optimistic Rollups, then seeing which platform works the best over time.

Finance founder Andre Cronje, EthereumPrice founder Nick Cannon, and others have all recently asserted that they expected the launch of the UNI token to come around when Uniswap v3 would roll out.

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