Uniswap Introduces 'One-Click Swaps'

Decentralized exchange Uniswap has introduced ‘one-click swaps’, according to an announcement on Monday.

The launch of the new feature, live on the decentralized exchange’s web application, supports smart wallets that are compliant with Ethereum (ETH) Improvement Proposal 5792.

EIP-5792 enables a standardized interface for transactions, ensuring consistency whether they originate from externally owned accounts or smart accounts.

“Introducing one-click swaps. Now live on the Uniswap Web App for smart wallets with EIP-5792 support. Fewer clicks, less gas, faster swaps,” Uniswap Labs noted.

The rollout follows Ethereum’s Pectra upgrade, which expanded support for EIP-5792 to most smart wallets. Users connecting to the Uniswap web app with a 5792-compatible wallet will now be able to approve tokens and execute swaps in a single transaction.

As part of the Pectra update, 7,702 smart wallets are now fully supported on Uniswap’s platform.

On Sunday, Uniswap Labs chief executive Hayden Adams noted the DEX will be “rolling out”its own 7702 wallet. The platform will also support other 7702 wallets.

According to Adams, the ultimate goal is to make one-click swapping available to all users.

The move follows a similar upgrade by Trust Wallet, which recently added smart account compatibility.

Uniswap’s growth as a leading DEX has seen the platform hit a staggering $3 trillion in all-time volume. The milestone sees Uniswap become the first DEX to reach the mark.

According to Adams, it could be the first to reach $10 trillion.

Uniswap is the first DEX to $3T volume ?Bet its the first to 10Grateful to everyone who swapped along the way as we decentralize the global finance system ?

According to DeFiLlama data, Uniswap has a daily volume of over $3.62 billion.

Meanwhile, its weekly aggregate volume is more than $20.8 billion, up 83% in this period. However, PancakeSwap volume is up 127% in the past seven days, and has $3.63 in 24 hours to lead other DEXs.

By total value locked, Uniswap sits at the top with over $4.96 billion, dwarfing PancakeSwap that currently stands at about $1.79 billion.