TL;DR
- Uniswap introduces uni.eth usernames: Users can now claim their on-chain identities directly through Uniswap’s mobile app, offering a simple, gasless, and free process.
- Lowering barriers to entry: By providing gasless and free usernames, Uniswap aims to make the decentralized economy more accessible, encouraging wider adoption of blockchain technology.
- Leading Layer 2 solution: Uniswap has processed over $190 billion in swap volume since 2021, highlighting its dominance in the Layer 2 space with faster and more cost-effective transactions.
In its latest move, Uniswap has integrated uni.eth usernames directly into its mobile app, offering users a simple, gasless, and free way to claim their on-chain identities. As the digital and crypto landscape grows, the idea of an on-chain identity is gaining significance like never before.
We believe everyone should have access to an onchain identity
That’s why we built uni.eth usernames directly into the mobile app
Completely gasless and free to claim 🫡 pic.twitter.com/3psAr1dhGt
— Uniswap Labs 🦄 (@Uniswap) August 25, 2024
A blockchain-based identity empowers users to oversee their digital assets, take part in DeFi ventures, and immerse themselves in the wider blockchain community, all while utilizing a distinct and personalized identifier.
The journey of establishing and overseeing these identities has historically been intricate, frequently forcing users to tackle technical hurdles and incur transaction costs, referred to as gas fees, on the Ethereum network.
Uniswap’s introduction of uni.eth usernames addresses these challenges head-on. By building this feature directly into its mobile app, Uniswap has simplified the process of creating an on-chain identity, making it as easy as setting up a username on a social media platform.
Additionally, the entire process is entirely gasless, so users can claim their uni.eth usernames without any concerns about transaction fees. This feature is completely free, removing any financial obstacles for users.
Lowering Barriers to Entry
Uniswap’s choice to provide gasless and complimentary usernames aligns with its larger goal of fostering an inclusive and accessible financial ecosystem. By reducing entry barriers, Uniswap is empowering a wider audience to engage in the decentralized economy, irrespective of their technical skills or financial means.
This move is likely to encourage wider adoption of blockchain technology, as it removes one of the key friction points that have traditionally deterred new users.
More About Uniswap
Uniswap has established itself as the leading Layer 2 solution on the Uniswap Protocol, boasting over $190 billion in all-time swap volume since its launch in 2021. This remarkable statistic underscores Uniswap’s leading position in the L2 arena, fueled by its capacity to provide users with quicker and more affordable transactions, all while upholding the security of Ethereum.
Uniswap has become the go-to option for numerous users looking for seamless trading experiences, solidifying its essential role in the decentralized finance landscape and establishing itself as a major contributor to the expansion of Layer 2 solutions.
