• Uniswap aims to reduce fees on its platform by 99% on its V4.
• UNI was currently on a positive run as it added less than 1% to its value.

Uniswap version 4, currently under development, holds exciting potential with the inclusion of EIP-1153. The team dropped hints about some of the features it might bring. One aspect worth exploring was how this integration could impact fees.

Furthermore, it’s essential to understand the current state of fees on the Uniswap network. So, what are the plans for incorporating EIP-1153, and what is the prevailing fee landscape?

– How much are 1,10,100 UNIs worth today

Uniswap to fuse EIP-1153 with singleton architecture

Uniswap recently provided insights into integrating the new EIP-1153 within the upcoming V4 of their platform. In their post, they explained how this Ethereum proposal would synergize with the singleton architecture adopted by V4. The singleton contract acts as a centralized entity overseeing all token pairs within the protocol.

This innovative approach brings substantial benefits in terms of gas efficiency and reduces the expenses associated with deploying new trading pairs by an impressive 99%. Furthermore, the singleton contract incorporates a flash accounting system, contributing to cost reduction by conducting internal transactions before finalizing balances. This intelligent mechanism helps optimize gas costs. 

Ethereum Improvement Proposal 11

Go to Source to See Full Article
Author: Adewale Olarinde

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