Sirwin
Sirwin

Uniswap V4 Lowers Fees But Increases Control: Is It Worth The Change?


Uniswap, the most popular decentralized exchange (DEX) in the world, in its version 4, includes a series of improvements and new features, however, one of them has generated great debate and controversy among the user community: the verification system. identity (KYC) required. Coincidentally, just a few days ago I published an article on this topic, KYC: The Hidden Enemy Of Cryptocurrencies, A Double-Edged Sword

According to the official announcement, Uniswap V4 will require all users who want to access the DEX to undergo a KYC process, which consists of providing personal data and documents proving their identity and residence. The objective of this measure is to comply with current regulations regarding the prevention of money laundering and terrorist financing, as well as to protect users from possible fraud and scams.

Many users have expressed their discontent and rejection of this decision, arguing that it goes against the principles of decentralization, privacy and freedom that characterize the crypto ecosystem. Some have even accused Uniswap of betraying its community and selling out to the traditional financial system, something I personally also consider.

Additionally, some experts have noted that the KYC system could have negative consequences for the performance and security of the DEX, as it could slow down transactions, increase operational costs, and expose users' sensitive data to potential hacks.

On the other hand, Uniswap has also announced another novelty that has been received with more enthusiasm by the community: the reduction of exchange fees from 0.3% to 0.15%. This measure aims to encourage liquidity and trading volume on the DEX, as well as make it more competitive compared to other similar platforms.

Uniswap is currently, without a doubt, the undisputed leader in the DEX sector. At the time of writing this article, its Market Capitalization was about $2,390,489,595, the Volume (24h) was $54,092,567 and the price was around $4,140.

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Market Capitalization: The total market value of the circulating supply of a cryptocurrency is similar to the free float capitalization in the stock market. Market Capitalization = Current Price x Circulating Supply.

Volume (24h): A measure of how much a cryptocurrency has traded in the last 24 hours.

Of course, you don't have to agree with my point of view, so I would appreciate your comments on this matter. What do you think about Uniswap V4? Do you think the KYC system is necessary or harmful? Did they surrender to regulations, losing their crypto essence? Is it a betrayal of the community or an adaptation to the market?


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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

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Trader, entrepreneur, freelancer, enthusiast and promoter of globalization, adoption and understanding of cryptocurrencies and new information and communication technologies (ICTs)


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