News Report Technology
February 23, 2024

Uniswap Unveils ‘uni.eth’ Subdomains via ENS for Ethereum Address Conversion

In Brief

Uniswap introduced ‘uni.eth’ subdomains allowing users to convert complex hexadecimal Ethereum addresses into user-friendly names.

Uniswap Introduces 'uni.eth' Subdomains Using ENS Infrastructure to Convert  Ethereum Addresses into Names

Automated Ethereum-based cryptocurrency exchange Uniswap (UNI) introduced ‘uni.eth’ subdomains through the Ethereum Name Service infrastructure, now allowing users to convert complex hexadecimal Ethereum addresses into user-friendly names.

Users have the option to claim their ‘uni.eth’ subdomain using the Uniswap mobile application, and the first subdomain is provided free of charge. The process of changing names is intended to be gasless, facilitated by an off-chain resolver contract for added efficiency.

ENS subdomains refer to names established beneath an existing ENS name. They are commonly employed to facilitate the administration of multiple ENS identities, resembling the use of subdomains in traditional website structures.

Any ENS domain owner, such as ‘uni.eth’, has the capability to generate an unrestricted quantity of subdomains, provided the ENS domain remains in an active state. The creation and oversight of these subdomains are undertaken by the proprietor of the parent ENS domain. For example, if the owner possesses the ENS domain “bob.eth,” they can establish subdomains like “pay.bob.eth,” “email.bob.eth,” or “games.bob.eth.” Each individual subdomain can be configured to point to distinct websites, Ethereum addresses, or other designated resources.

Enhanced Experience for Users

Uniswap is the most extensively utilized automated market maker (AMM), a decentralized exchange that facilitates token trading through liquidity pools rather than relying on conventional order book systems, where buyers and sellers directly match orders. Uniswap V3, set to enhance liquidity provision and trading efficiency, has facilitated a swap volume exceeding $1.2 billion over the past 24-hour period.

Recently, Injective (INJ), a public Layer 1 blockchain based on Cosmos, has introduced an omnichain domain name service on its mainnet. This is aimed at enhancing the cross-chain user experience between the Solana blockchain and Injective, enabling users to seamlessly conduct transactions across these blockchains using the same domain.

With the increasing user activity in the cryptocurrency sector, more projects, as evidenced by Uniswap and Injective, are endeavoring to enhance their platforms, making it more convenient for users to interact with their services.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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