Uniswap - Block chain for DEX

UniswapX Protocol is a non-custodial Dutch auction-based trading protocol implemented for the Ethereum Virtual Machine. UniswapX aggregates both on-chain and off-chain liquidity, internalizes MEV in the form of price improvement, offers gas-free swaps, and can be extended to support cross-chain trading.

UniswapX has two core participants: swappers and fillers.

Swappers generate signed orders which specify the intents of their swap. These filters can route orders to a combination of on-chain and off-chain liquidity, ensuring that swappers always receive the best possible execution on their orders. Fillers pick up signed orders from swappers and compete to execute them using any source of liquidity they have access to.

Uniswap improves swapping in several ways

Swappers never pay gas costs for failed swaps.

Gas-free swapping

Protection against MEV

Dutch orders- Swappers create a new type of order called an Exclusive Dutch Order which specifies the maximum and minimum outputs they are willing to receive in a trade over a certain period.

Cross-chain orders

The UniswapX Protocol can be extended to support cross-chain trading, where a swapper trades assets they hold on an origin chain for desired assets on a destination chain. It can offer fast swaps between any two chains.

UNIUSD surged more than 82% in the past five days as Uniswap added new feature Uniswap extension. "The Uniswap extension is the first wallet extension to live in your browser's sidebar, persisting no matter where you are on the web," Uniswap Labs announced on Tuesday The pair holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $12.86 and is currently trading around $11.14.

The bullish invalidation can happen if the pair closes below $7. On the lower side, the near-term support is $10. Any break below targets $8/$7. Any breach below $7 targets $5.50/$4.

The pair's near-term resistance is around $13. Any breach above confirms minor bullishness. A jump to $20/$25 is possible. A surge past $25 will take it to $32/$35

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 It is good to buy on dips around $1.65 with SL around $1 for TP of $3/$4.25.