Uniswap Launches ERC-7683: A Cross-Chain Liquidity Revolution, Breaking Fragmentation

Uniswap's latest ERC-7683 cross-chain standard provides a solution to the fragmentation of cryptocurrency liquidity. This standard was jointly developed by Uniswap Labs and Across, aiming to simplify the user experience of cross-chain trading, creating a smoother and more efficient process.

Resolving Cross-Chain Confusion, Enhancing Liquidity

Currently, cross-chain trading faces issues of protocol, bridge, and liquidity pool fragmentation, leaving even experienced users often confused. ERC-7683 creates a unified 'filling network,' making the execution of cross-chain orders more intuitive and efficient. In simple terms, it's like installing GPS for the entire system, ensuring that users, applications, and fillers know clearly where to go and how to operate.

How Does It Work?

Users sign cross-chain orders, and funds are securely locked in a settlement contract.

Fillers (i.e., order matchers) compete on the target chain to complete orders as quickly as possible.

The filler who ultimately completes the order releases the funds, making the entire process convenient and efficient.

This new standard not only simplifies cross-chain operations but also enhances the speed and fairness of transactions, eliminating many uncertainties found in traditional cross-chain trading.

V4 Custom Fees: Efficiency Skyrockets

In addition to ERC-7683, Uniswap has also launched the V4 custom fee feature, performing remarkably in the new pools. For example, the TVL of the USDC/USDT pool is only $6 million, but its 24-hour trading volume has reached an astonishing $300 million, demonstrating the immense potential of custom fees as low as 0.001%. V4's flexibility is powerful, showcasing Uniswap's leading position in providing liquidity and innovation.

Summary

The launch of ERC-7683 not only enhances the fluidity of cross-chain trading but also brings a more efficient and fair competitive environment to the crypto market. Meanwhile, the custom fee feature of Uniswap V4 significantly boosts trading efficiency, demonstrating tremendous growth potential. With these innovations underway, Uniswap is leading a new chapter in blockchain liquidity.