Decentralized exchange Uniswap has announced the launch of a mobile wallet that features built-in support for the exchange. The app is now available for iOS devices in selected countries and can be found in Apple’s App Store.
Uniswap Overcomes Apple’s Resistance
The Uniswap team had previously complained on March 3 that Apple was blocking the app from its stores. However, in this recent announcement, the team declared that its wallet is “out of Apple jail and now live in most countries.”
1/ THIS IS NOT A DRILL 🔥🔥🔥
The Uniswap mobile wallet is out of Apple jail and now live in most countries 🎉✨
Download our self-custody, open-sourced app today! 👇https://t.co/yWxuw79xTY pic.twitter.com/QhK06icKBL
— Uniswap Labs 🦄 (@Uniswap) April 13, 2023
Key Features of Uniswap Mobile Wallet
Uniswap’s new wallet allows users to swap tokens on various networks such as Ethereum, Polygon, Arbitrum, and Optimism. Additionally, it can be connected to any Ethereum app through WalletConnect. Users can back up their accounts by either writing down their seed phrase or encrypting their key vaults with a password and storing them in iCloud. The app also allows users to see detailed information about non-fungible tokens (NFTs) stored within it, including their floor prices and collections.
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Mobile Wallets with Built-in DeFi Functions
To make Web3 onboarding easier, several wallet developers have offered mobile apps with built-in decentralized finance (DeFi) functions over the past few years. In 2020, Argent integrated MakerDAO and other DeFi protocols with its wallet app, and 1inch provided similar integrations in 2021.
Uniswap’s Dominance in the Decentralized Exchange Space
Uniswap is Ethereum’s largest decentralized crypto exchange, with over $3.4 billion of total value locked inside its smart contracts, according to its own analytics page. Uniswap’s liquidity has been steadily growing, and as of April 2021, it had over $5 billion in total value locked, according to DeFi Pulse.
Uniswap’s Availability in Select Countries
Cointelegraph reached out to the Uniswap team for a list of countries where the app is available, but as of the time of publication, there was no response. However, given that Uniswap is a decentralized exchange, it is likely that the app will be accessible in countries where cryptocurrency trading is legal.
Source: cointelegraph.com
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