Uniswap Adds New Features Including Limit Orders

Ethereum’s leading decentralized exchange, Uniswap, has unveiled new features, including a browser extension, limit orders with predefined timeframes, and a data platform with real-time trade information.

“This is the culmination of a lot of zero-to-one work,” said Callil Capuozzo, VP of Product Design for Uniswap, in an interview with The Defiant.

He explained that the mission is to meet users “where they are” by offering a more seamless approach to swapping tokens.

With $5.1 billion in total value locked and a $7.1 billion market capitalization, Uniswap claims the top spot for decentralized exchanges and automated market makers in the DeFi industry.

Users usually find themselves at Uniswap’s door when they first start looking for altcoins, which means this move towards a more seamless experience is a bid to strengthen that position.

The browser extension is built like a sidebar, offering users an escape from pop-ups or new tabs, allowing for trades without “losing your place,” said the Uniswap team.

As of today, traders can utilize limit orders with predefined time windows for executing trades. If a token doesn’t reach the designated price within the allocated time, the order is automatically canceled.

Also launching today is an analytics platform that will provide information on token prices as well as liquidity pools.

“We want the experience to be more human,” said Capuozzo, adding that the products they ship are always with their “core swappers” in mind but with an eye on expanding that scope where they can.

The Uniswap Extension has been developed for Google Chrome and will launch in 4-6 weeks. For now, users can claim a name on the mobile wallet app and get on the waitlist for early access.

Amid proposals to finally bring the “fee switch” polemic to life, the UNI token has soared in the past week, notching up a 75% gain in the past thirty days.