Synthetix and Uniswap: Building a next-gen DEX with CEX appeal

Decentralized exchanges are improving and look more like the smooth user-friendly experiences of their centralized competitors — but with the added benefit of keeping crypto in the hands of their users.

Timeline of Synthetix, Uniswap

Synthetix (SNX) founder Kain Warwick says there's a chance that the next wave of people adopting crypto could end up preferring decentralized applications over their traditional centralized counterparts.

Hayden Adams, the founder of Uniswap, expressed his desire for more crypto projects to focus on disrupting popular Web2 (centralized) applications using the unique capabilities of cryptocurrencies.

In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams' compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20.

Uniswap CEO and founder Hayden Adams has had his Twitter account compromised. Furthermore, hackers are increasingly targeting crypto industry personalities as an easy way to lure victims into their scams.

The Uniswap (UNI) price has gained 14% over the past week as the markets react favorably to the recent UniswapX protocol launch. Will the long-term investors continue to hold out for more gains?

Much like CoWswap and 1Inch Fusion, Uniswap's new protocol is expected to greatly enhance the user experience with some very convenient features, all the while keeping unaltered the application interface we all know.

Uniswap, a decentralized exchange (DEX) ecosystem, could become one of the best-performing crypto assets this week, following an inverse head-and-shoulders (H&S) pattern breakout. Up 15% over the last week, UNI is trading slightly above $6 with $219 million in trading volume rushing in.

Uniswap, the leading decentralized exchange (DEX), has announced the launch of UniswapX, a permissionless and open-source protocol for trading across automated market makers (AMMs) and other liquidity sources. According to the announcement, UniswapX aims to improve self-custody swapping and grow on-chain trading by offering better prices through the aggregation of liquidity sources, gas-free swapping, protection against maximal extractable value (MEV), and no cost for failed transactions.

DeFi exchange Uniswap has launched a new blockchain protocol called UniswapX. The new protocol will enable trading across automated market makers and offer gas-free swapping, among other things.

Synthetix, the leading decentralized finance protocol, is set to transform the landscape of decentralized trading by introducing Infinex, a cutting-edge derivatives front-end. Synthetix founder Kain Warwick aims to bridge the gap between decentralized and centralized exchanges by offering a noncustodial central limit order book that provides a user-friendly experience for traders of all levels.