Uniswap launches Swap Widget as it eyes Web3 expansion

Uniswap Labs, the developer of the leading decentralised exchange (DEX) platform Uniswap, has announced that any website can embed its Swap Widget and see users access the platform’s features.

With this launch, websites can now seamlessly enable access to Uniswap functionality by simply pasting a line of computer code. It’s something Uniswap creator Hayden Adams has looked to roll out for quite some time now, according to a tweet he shared on Thursday.

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Hayden and Uniswap Labs’ vision has been for traders and other users to have seamless access to “fair, open, and transparent markets,” the platform said in a blog post.

According to the platform, the eventual launch of the widget is bringing this into reality.

The Swap Widget brings this vision closer to reality by allowing developers to easily embed Uniswap swapping functionality, allowing their users to seamlessly swap tokens, join a community or DAO, wrap assets, and more, without leaving their apps.”

Expanding Uniswap across Web3

Uniswap’s expansion efforts could also include a move towards tapping into Web3, with the target being applications and blockchain platforms building around Web3.

In an interview with TechCrunch, Uniswap Labs COO Mary-Cathrine Lader said Web3  has revolutionised financial technology. Uniswap is seeking growth in this sector. The Uniswap Labs exec told TechCrunch:

Web3 allows any app, any website, to invent value in a digital economy without having to ask for permission or paying for that service.”

Swap Widget is live on Opensea and Oasis.app

 Swap Widget is already integrated across three Ethereum-based platforms. Users on leading NFT marketplace Opensea can now wrap Ether or proceed to swap tokens on Uniswap. This they will do without having to switch from the Opensea website.

The widget is also embedded on the Oasis.app, and Web3 social platform Friends With Benefits. Oasis.app users can use the widget to tap into decentralised finance (DeFi), while FWB members can use the integration to securely purchase FWB tokens necessary for registering in the DAO.

Uniswap’s total value locked (TVL) currently hovers around $7.3 billion, about 6% down in the past week. Data on DeFi Llama shows that Curve (CRV) leads with a TVL of $20.2 billion. 

Lido (LDO), Anchor (ANC), MakerDAO (MKR) and Aave (AAVE) are the top 5 by TVL. Uniswap is seventh on the list.