Uniswap v3 Alpha launches on layer-2 scaling platform Optimistic Ethereum

Launch marks the first step in Uniswap's journey to rival traditional web user experiences...

Uniswap v3 Alpha launches on layer-2 scaling platform Optimistic Ethereum

The team of decentralized exchange Uniswap, today announced that two years after its Unipig PoC, it is finally ready to launch the Alpha version of Uniswap v3 on the Optimistic Ethereum (OE) mainnet.

Optimism’s roadmap promises further powerful improvements including additional scaling, smart wallet EOAs (no ”approves” pay gas in any token), and decentralization of the transaction sequencing operation.

During this opening Alpha period, OE will support a throughput of around 0.6 transactions per second. Because Uniswap v3 is currently one of the few protocols deployed to OE, this should translate to transaction capacity roughly in line with L1. Unlike L1, transactions on OE confirm instantly.

Assuming Uniswap v3 sees equal usage to L1, OE should offer up to 10x transaction cost savings.

Additional demand will drive gas costs higher; however, transaction speeds will increase over the coming weeks and months as the OE infrastructure is tested and optimized at scale.

The end goal is to effectively scale to fully meet the demand for low-cost, high-speed DEX trading.

Analytics of OE + Uniswap can be tracked here.

Launch Details

Users can start migrating assets over to the Optimism Ethereum network through the Optimism Gateway. Optimism is already compatible with Metamask, WalletConnect, Etherscan, and The Graph.

Alpha launch features to note:

“Please treat this as an early alpha product. Optimistic Ethereum is a complex layer-2 scaling solution still in need of rigorous battle testing. At launch, the Optimism team will have upgrade rights over the bridge contract; allowing them to address any bugs that should arise. Scaling Ethereum will be an iterative process, but this is a major step forward.”
– The Uniswap Team

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