Uniswap Simplifies Ethereum Addresses with uni.eth Subdomain

Uniswap introduces uni.eth subdomain through the Ethereum Name Service (ENS), helping users to convert Ethereum addresses into readable names.

Uniswap (UNI), an automated Ethereum-based cryptocurrency exchange, has made it possible to transform complicated hexadecimal Ethereum addresses into more readable names by introducing the ‘uni.eth’ subdomain using the Ethereum Name Service infrastructure.

The Uniswap mobile app gives users the choice to claim their ‘uni. eth’ domains, and they get their first subdomain for free. To make things even more efficient, an off-chain resolver contract will be used to make the process of changing names gasless.

Names created beneath an existing ENS name are called ENS subdomains. They are often used to make managing several ENS identities easier, much like subdomains in regular website architecture.

As long as the ENS domain is active, any owner of an ENS domain (such “uni.eth”) can create an unlimited number of subdomains. The owner of the primary ENS domain is responsible for creating and managing these subdomains. The owner of the ENS domain “bob.eth,” for instance, can create subdomains such as “pay.bob.eth,” “email.bob.eth,” and “games.bob.eth.” It is possible to set up separate URLs for each subdomain, such as separate webpages or Ethereum addresses.

Improving the User Experience

Instead than using traditional order book systems, where buyers and sellers directly match orders, Uniswap, the most widely used automated market maker (AMM), a decentralized exchange, allows token trading through liquidity pools. In the last 24 hours, Uniswap V3, which is designed to improve liquidity provision and trading efficiency, has enabled a swap volume of more than $1.2 billion.

One public Layer 1 blockchain that just launched an omnichain domain name service on its mainnet is Injective (INJ), which is built on Cosmos. The goal is to make it easier for users to transact on both the Solana and Injective blockchains using the same domain, which will improve the cross-chain user experience.

Uniswap and Injective are just two examples of the many initiatives working to improve their platforms and make it easier for consumers to engage with their services in response to the growing number of people using cryptocurrencies.