Uniswap, the world’s leading decentralized cryptocurrency exchange, is expanding its reach by venturing into the Android mobile market.
On October 12, the Uniswap team launched a closed beta version of their Android wallet app, marking a significant development for the DeFi ecosystem. This move follows the earlier release of their iOS app in April of the same year. Uniswap has been instrumental in the DeFi space, processing over $1.7 trillion worth of trades since its inception, making it the largest decentralized exchange by cumulative volume.
“WEN ANDROID?” How about now? 🔥🔥🔥
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🎤The Uniswap wallet is coming to Android users 🌐
The beta is LIVE — sign up here to get early access ✅https://t.co/9OHhpSqbez pic.twitter.com/vXsn2NS5Sx
— Uniswap Labs 🦄 (@Uniswap) October 12, 2023
Reaching New Horizons
Uniswap’s journey into mobile platforms began with the iOS app, but the team had encountered some hurdles in getting their app on the Apple App Store, which had delayed its launch. Nevertheless, the app successfully made its way to users earlier this year. However, the Android market, with its extensive user base, was a market that Uniswap couldn’t longer ignore, and the recent beta launch is a testament to their commitment to reaching a wider audience.
One of the key features of this new Android version is its seamless handling of multiple blockchain networks. Users can now easily select coins on different chains without having to manually switch networks. The app automatically detects the network a specific coin operates on and adjusts accordingly, enhancing user convenience and reducing the risk of errors.
Currently, the app supports Polygon, Arbitrum, Optimism, Base, and BNB Chain, and the team plans to expand compatibility with more chains in the future. This approach ensures that Uniswap remains versatile and adaptive in an ever-evolving DeFi landscape.
To improve the security Uniswap implements a mechanism that routes Ethereum transactions through a private pool. This measure contributes to protection against front-running and sandwich attacks, two vulnerabilities observed in decentralized finance platforms. Users have the option to disable this feature if they prefer. Additionally, the app is designed to automatically detect most coins that have built-in transfer fees, displaying these fees in the interface, thereby keeping users well-informed about transaction costs
To engage early adopters Uniswap has initiated an email waitlist for the Android app. This will allow a select group of users to test the app and provide valuable feedback. Moreover, the team plans to make the app’s source code open-source in the coming weeks as part of a security audit with Trail of Bits.
It’s worth noting that Uniswap isn’t the only decentralized exchange entering the mobile wallet space. In 2021, 1inch introduced a mobile wallet for iOS users, and an Android version of the app became available in October. This competition indicates the growing importance of mobile accessibility in the DeFi industry.
