Uniswap, a prominent decentralized exchange (DEX), is now live on the leading crypto exchange OKX’s L2 network, X Layer. This development marks a key move to increase accessibility to decentralized finance (DeFi). As per Uniswap’s social media announcement, the integration permits users to swap tokens, deliver liquidity, and delve into X Layer via the platform’s Trading API, Wallet, and Web App. Additionally, the initiative brings the well-developed liquidity engine of Uniswap to a cost-effective and fast L2 environment.
Uniswap Integration into X Layer Bolsters DeFi Ecosystem with Liquidity and Wider Accessibility
The launch of Uniswap on OKX’s X Layer allows users to leverage a familiar interface while enjoying decreased transfer friction and enhanced capital efficiency. This direct integration is linking on-chain network with a comprehensive liquidity source within the DeFi sector.
Additionally, the consumers get swift access to $USDG and several other well-known stablecoins. This guarantees robust liquidity and makes Uniswap a preferred DEX operating on X Layer. As a result, the liquidity providers and traders can work with more confidence, reliable pricing, and minimized slippage.
Bringing Uniswap to X Layer Gives Direct Access to Reliable Liquidity Engine in DeFi
While addressing this, Star Xu, the CEO and Founder of OKX shared his remarks, stating, “Bringing Uniswap to X Layer gives customers direct access to one of the deepest and most reliable liquidity engines in DeFi, on a fast and low-cost network. This means easier access to liquidity, lower friction when moving capital, and more confidence trading onchain. It’s another step in making the New Money Chain more open, more efficient, and more useful for everyday customers.”
This collaboration aligns with the platform’s wider vision of establishing a “New Money Chain” to provide openness, real-world use cases, and efficiency for daily users. At the same time, the launch also unveils zero Uniswap Labs interface fees on X Layer, Trading API, Web App, and Wallet.
Unlocking Worldwide DeFi Accessibility and Advanced Trading
According to Uniswap, the integration goes beyond retail consumers, offering meaningful benefits targeting institutional participants and developers. In this respect, the Uniswap Trading API also backs X Layer, letting teams access protocol liquidity without any Uniswap Labs fees.
This leads toward cutting-edge trading strategies and scalable DeFi apps on X Layer. Moreover, Uniswap Labs has also disclosed the plans for the ERC-7702 delegation contracts’ deployment on X Layer to let developers create one-click, smooth transfer experiences. Ultimately, this endeavor underscores a landmark in increasing practicality, accessibility, and speed of the on-chain finance.
Source: https://blockchainreporter.net/uniswap-goes-live-on-x-layer-of-okx-for-cost-efficient-defi-access-with-deep-liquidity/
