In light of the FTX contagion, the entire focus of the crypto market has recently been gradually shifting toward popular NFT projects. Uniswap, the world’s largest decentralized protocol, has taken advantage of the bear market to push its NFT foray further.
Uniswap decentralized exchange has unleashed a new blockchain-powered feature allowing users to seamlessly aggregate non-fungible tokens. The digital assets protocol has teamed up with its subsidiary protocol Genie for the NFT project.
Uniswap is diving into NFTs in a very big way.
This is the largest DEX in the market, averaging over $500M volume daily, now placing focus on NFTs.
Their GitHub offers us a handful of interesting leaks…
— .eth (@CroissantEth) November 29, 2022
Uniswap Labs, the company behind Uniswap, first announced the acquisition of the NFT marketplace aggregator Genie in June. At the time, Uniswap revealed plans to allow users to discover and trade NFT across multiple platforms.
Uniswap Unleashes NFT Aggregator Feature
But, after several months of waiting, the decentralized exchange has launched its highly-anticipated NFT feature. The new NFT tool allows users to seamlessly explore more than 214 NFT-related digital assets exclusively on the Uniswap dashboard.
The new NFT feature allows Uniswap to scroll down NFTs according to their floor prices. The new tool will enable users to sort NFTs based on their sales timeframes, such as daily, weekly, monthly, and maximum sales periods.
In this case, users can use the new feature to track NFT performance in terms of a 24-hour floor price and monthly trading volume. Interestingly, users can use this feature to sweep multiple NFTs in just a single transaction.
The new NFT tool allows users to select digital collectibles from different collection pages and add them to a single wallet. Moreover, Uniswap NFT features an activity tab under collection that allows users to display all listings, sales, and transfers.
Uniswap allows its users to aggregate NFT from seven different marketplaces, including X2Y2, OpenSea, LooksRare, SudoSwap, NFTX, NFT20, and Larva Labs. Users can purchase listed NFTs on Uniswap without navigating to their respective marketplace.
Uniswap Launches Universal NFT Router
In a related development, Uniswap has released Universal Router on its GitHub. The Universal Router is an ERC20 and NFT swap router that offers users great flexibility when performing trades across multiple token collections.
In the meantime, following the launch of the new NFTs features, Uniswap has already attracted massive traction. The protocol has more than 4.5 million users, accounting for over $1 trillion in total trading volume.
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