Uniswap founder Hayden Adams has introduced a new open-source protocol named UniswapX that will aggregate liquidity across decentralized exchange pools.
The protocol, released today by Uniswap, will enable users to find optimum prices for their trades by pooling its liquidity sources, according to an official blog post. This aggregator service has been launched as an opt-in beta feature on Uniswap Labs' front-end platform on Ethereum.
Uniswap is the largest decentralized exchange protocol by daily trade volume. In the last 24 hours alone, the decentralized exchange protocol handled approximatelyOne of the main features of UniswapX will be gas-free execution, allowing swappers to authorize off-chain orders while fillers pay the gas fees on their behalf.
UniswapX also includes a protocol fee switch that can be activated later if approved via a vote by Uniswap's governance body.
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