TL;DR
- Uniswap introduces UNI.ETH domains to simplify complex Ethereum addresses and enhance accessibility in the ecosystem.
- Users can transform long Ethereum addresses into readable names using UNI.ETH domains, similar to how domain names work on the internet.
- The process to obtain a UNI.ETH domain is simple and free through the Uniswap mobile app, with a gas-free name-changing process for a hassle-free experience.
Uniswap, one of the leading decentralized exchanges (DEX) in the crypto space, has introduced an innovative initiative to simplify complex Ethereum addresses. This new initiative, known as UNI.ETH domains, aims to make the ecosystem more accessible and user-friendly.
With UNI.ETH domains, Uniswap offers users the opportunity to transform long and confusing Ethereum addresses into more readable and memorable names. Traditionally, these addresses consist of long hexadecimal strings, which can be intimidating and challenging for regular users. However, with UNI.ETH domains, users can now assign human-readable names to these addresses, similar to how domain names function on the internet.
Say goodbye to 0x addresses
And hello to 𝙪𝙣𝙞.𝙚𝙩𝙝 – your unique web3 username 🦄
Your uni.eth is a readable username that makes it easy to receive crypto and build your web3 profile 🫡
Claim your uni.eth for free in the Uniswap mobile app ⤵️ pic.twitter.com/zujmsntHy2
— Uniswap Labs 🦄 (@Uniswap) February 22, 2024
The process to obtain a UNI.ETH domain is quite simple. Users can claim their own UNI.ETH subdomain through the Uniswap mobile app. The most relevant aspect of this initiative is that Uniswap offers one subdomain free of charge, making this feature accessible to a wide range of users. Additionally, the name-changing process has been designed to be gas-free, thanks to an off-chain resolution contract, ensuring a hassle-free experience for users.
Uniswap Prepares for “V4,” Promising to Enhance Platform Performance
These UNI.ETH subdomains operate under the Ethereum Name Service (ENS), which allows the management of multiple ENS identities. Similar to subdomains on traditional websites, these subdomains can be directed to different resources, such as websites, Ethereum addresses, or other platforms. As long as the main ENS domain remains active, the owner retains the ability to create and manage an unlimited number of subdomains.
Uniswap, recognized for its pioneering role in the decentralized exchange revolution, has seen significant exchange volume in the last 24 hours, surpassing $1.5 billion. In addition to this innovative UNI.ETH domains initiative, UNI is preparing to launch Uniswap V4, the latest iteration of its unique exchange engine. This update promises improved features and performance, further enhancing the user experience on the platform.
