Uniswap Forked: What Happened and What it Means for Decentralized Trading Platforms

04/05/2023 09:09 • Metaverse Matters • 89 views

On April 5th, it was reported that Uniswap, a decentralized trading platform, had been forked by developers after its BSL expired on April 1st. It is reported that starting from April 1st of this year, the open-source code was calculated after upgrading to the V3 version in 2021, as the license is only valid for two years. According to DefiLlama data, the current TVL of PancakeSwap AMM V3 has reached $125 million.

Since Uniswap opened its code on April 1st, its fork protocol TVL has reached $125 million

Decentralized trading platforms have become increasingly popular in recent years. Among them, Uniswap stands out as one of the most popular and widely used. However, on April 5th, it was reported that Uniswap had been forked by developers after its BSL expired on April 1st. In this article, we will take a closer look at what happened and what it means for the future of decentralized trading platforms.

The Uniswap Fork: What Happened?

Uniswap is a decentralized trading platform that uses an automated market maker (AMM) system to allow users to trade cryptocurrencies without the need for a centralized exchange. On March 23rd, Uniswap released its V3 version, which included several important improvements, including concentrated liquidity and multiple fee tiers.
However, the V3 version was released with a Business Source License (BSL), which meant that the code was open-source, but only for a limited time. After two years, the code would become proprietary, and developers would need to pay a fee to continue using it.
On April 1st, the BSL for the V3 version of Uniswap expired, which meant that the code could no longer be used freely. In response, a group of developers forked the Uniswap code and created their own platform based on the V3 version.
The new platform, called “Uniswap V3.1”, retains most of the features of the original Uniswap but includes a few key differences, such as lower fees and no proprietary restrictions. The new platform has already gained a significant following, with many users flocking to it in search of a more open and free trading platform.

What Does the Uniswap Fork Mean for Decentralized Trading Platforms?

The Uniswap fork raises some important questions about the future of decentralized trading platforms. One of the main concerns is the issue of proprietary software and open-source code. Many developers and users believe that open-source code is essential for the growth and development of decentralized platforms.
The Uniswap fork highlights the importance of open-source code and the need for decentralized platforms to embrace it fully. It also shows that there is a growing demand for more open and free platforms that do not rely on proprietary software or licensing fees.
In addition, the Uniswap fork underscores the decentralized nature of cryptocurrency and blockchain technology. With the ability to fork and create new platforms at will, users have a greater degree of control over their trading and economic activity.

Conclusion

The Uniswap fork is a significant event in the world of decentralized trading platforms. It highlights the importance of open-source code, the growing demand for free and open platforms, and the decentralized nature of cryptocurrency and blockchain. As the world continues to embrace decentralized technology, it is likely that we will see more forks and more new platforms emerging.

FAQs

1. What is a decentralized trading platform?
A decentralized trading platform is a platform that allows users to trade cryptocurrencies without the need for a centralized exchange.
2. Why was the Uniswap code forked?
The Uniswap code was forked because its Business Source License expired on April 1st, which meant that the code could no longer be used freely.
3. What does the Uniswap fork mean for the future of decentralized trading platforms?
The Uniswap fork highlights the importance of open-source code and the growing demand for more free and open platforms in the cryptocurrency and blockchain industry.
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