Uniswap, a decentralized finance (DeFi) exchange, has launched a mobile wallet application to promote wider adoption of DeFi wallets and support on-the-go trading. The wallet will allow users to buy cryptocurrencies for fees as low as 2.55%, nearly half of what some competing DeFi protocols charge. Users can also swap funds on popular DeFi platforms, including Polygon, Arbitrum and Optimism. The app features in-app token price and NFT data, allowing users to favorite tokens and wallet addresses so they can track the trading activity that matters most to them.
The creators of the Uniswap mobile wallet hope that these features will encourage users to custody their own crypto with DeFi wallets, which traditionally have a higher barrier to entry than more centralized modes of buying and storing cryptocurrencies. The press release notes that “too many people get stuck at the starting line” due to confusion with self-custody wallets, and the app aims to provide a self-custodial wallet that is simple, safe, and easy to use.
Early access TestFlight users can now download the app through the iOS App Store, and Apple has approved the Uniswap mobile wallet in several countries, with more countries to follow, according to the press release. However, it is unclear which countries have received approval thus far, and it is uncertain if and when the mobile wallet will be available on Google Play.
In summary, Uniswap has launched a mobile wallet application that allows users to buy cryptocurrencies for low fees and swap funds on popular DeFi platforms. The app features in-app token price and NFT data, and aims to encourage wider adoption of DeFi wallets by providing a self-custodial wallet that is simple, safe, and easy to use. The app is currently available for early access TestFlight users on the iOS App Store, with Apple having approved the app in several countries.
You can give the app a try by checking the latest official UniSwap tweet: https://twitter.com/Uniswap/status/1646514969746501633