Leading decentralized exchange Uniswap announced yesterday on X platform that it officially launched the Candlestick chart feature. Users can access this feature by clicking “Explore” on the Uniswap platform, selecting the desired token, and then changing the chart type from “Line chart” to “Candlestick” in the bottom right corner of the chart.
Additionally, Uniswap plans to release UniswapX, a non-custodial protocol based on Dutch auctions, which was officially launched last month. UniswapX aims to provide users with an on-chain trading experience comparable to centralized exchanges, including aggregated liquidity, protection against Miner Extractable Value (MEV), and gasless transactions. However, due to its early stage and the current market focus being elsewhere in the Ethereum ecosystem, UniswapX has not gained much attention or usage.
Furthermore, Uniswap announced in mid-February that Uniswap V4 is scheduled to launch on the Ethereum mainnet in the third quarter of 2024. The V4 version will go through three stages before its launch: code freeze, audit and testnet, and mainnet deployment. The code freeze stage involves finalizing the core code, testing, gas optimization, security enhancements, and finalizing minor components. The audit and testnet stage includes comprehensive audits by multiple auditing firms and community audits. Finally, the mainnet deployment stage will see the V4 version go live on the Ethereum mainnet.
Although Uniswap has made progress in terms of its application features, founder Hayden Adams recently mentioned receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating a potential lawsuit. It is important to note that receiving a Wells Notice does not necessarily mean a lawsuit will be filed. The typical process after receiving a Wells Notice involves the SEC issuing a warning to individuals or companies after concluding its investigation into suspicious activities. The company then has 30 days to refute the allegations and provide evidence of its innocence. The SEC has six months from the date of the notice to decide whether to file a lawsuit and take enforcement action.
Other companies in the cryptocurrency space, such as Ripple Labs and Coinbase, have also received Wells Notices from the SEC, which resulted in legal actions being taken. While receiving a Wells Notice does not guarantee a lawsuit, based on past experiences, the likelihood of SEC litigation is not low, and many companies in the cryptocurrency industry ultimately choose to settle.