Uniswap turns its attention to Arbitrum, which will launch on | DeFi Check

Uniswap turns its attention to Arbitrum, which will launch on Friday

This interest is evidenced by a Snapshot community survey, "to gauge interest in deploying Uniswap v3 at Arbitrum." The survey, organized by Compound founder Robert Leshner, will last two days. The move reflects a growing appetite for lower fees from the world's leading blockchain for DeFi applications. ETH has risen in value and DeFi's online value has risen to 62 billion, transaction fees on decentralized exchanges (DEX), dollars such as Uniswap, have become prohibitive for small users.

Arbitrum claims it can offer significantly higher transaction throughput than Ethereum, while reducing the fees to almost zero. The system uses rollup technology to batch process transactions before they are included in the chain.