Uniswap, the leading decentralized exchange (DEX) for Ethereum, has launched its own mobile wallet for iOS, the operating system used by Apple mobile phones, causing a slight rise in the price of cryptocurrency.
The wallet, created by Uniswap Labs, enables a seamless exchange of cryptocurrencies and tokens between Ethereum and other networks, including the second layers (L2) Arbitrum and Optimism, as well as the Polygon network, which are all compatible with the Ethereum Virtual Machine (EVM). .
Update on the launch of the Uniswap wallet
One of the key features of the wallet is its self-custody nature, which means that users maintain control over their private keys and do not entrust them to any third party. Also, it is worth mentioning that the wallet is open source, with its full repository accessible on the GitHub platform.
Another notable feature of the new Uniswap offering is its support for WalletConnect, allowing users to connect to various Ethereum mainnet or L2s applications. In addition, it also allows the import of seed phrases from other wallets such as Metamask, Rainbow, and Coinbase.
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The official launch The statement highlights the possibility of buying cryptocurrencies with debit cards at a commission of 2.55%. This is possible thanks to the intermediation of Moonpay. As stated on its social media channels, this payment platform aims to bridge the gap between the real world and decentralized finance.
The wallet has already been tested by “thousands of users” through early access and is now widely available to the public. Uniswap strongly emphasized the security of its product, which has undergone “a thorough security audit by Trail of Bits.” Furthermore, opening the code for scrutiny allows anyone to audit and confirm its security.
Wallet users can enjoy a variety of convenient features designed to enhance their experience. For example, the wallet provides options to rank tokens based on market capitalization, allowing users to easily track the performance of different tokens in the market. In addition, users can access price and volume charts, giving them valuable information to make informed investment decisions. Another notable feature is the ability to favorite tokens and non-fungible tokens (NFTs), allowing users to closely monitor trends and activities related to their preferred assets.
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Uniswap Posts 5% in the Last Week: What’s Next?
Following the Ethereum iOS wallet launch report, Uniswap saw its price rise sharply over the past week, rising more than 5%. According data per TradingView, Uniswap was trading at around $5.7 before the news. At the time of writing, the native token of the popular Ethereum DEX is trading at $6.2.
Unsurprisingly, the news was welcomed by the crypto community, which is reflected in the increased trading volume on Uniswap. According to technical indicators, the UNI price has broken out of all moving averages, a bullish sign for the token. The token has moved in a strong buy direction, with the coin above the primary pivot points of (6,116, 6,064, and 6,081). This indicates that the bulls are in control of the market, and if it continues UNI can go closer to the $7 price level.
Featured Image from Uniswap.com, Chart from TradingView.com
