Uniswap Labs Launches Browser Wallet Extension Supporting 11 Blockchains

Uniswap Labs Opens Public Access to Browser Wallet Extension

After over five months of anticipation, Uniswap Labs, the organization behind the renowned decentralized exchange (DEX) Uniswap, has officially opened public access to its browser wallet extension on Google Chrome.

Users can now add the wallet extension via the Chrome Web Store, set up a new wallet, or import an existing one. The Uniswap extension supports the following blockchains: Ethereum, Base, Arbitrum, Optimism, Polygon, Blast, ZKsync, Zora Network, BNB Chain, Avalanche, and Celo.

Key Features of the Uniswap Wallet Extension

The press release details:

"Uniswap Extension sits right in your browser sidebar, making it easy to access wherever you are on the web. You can swap, sign transactions, send, or receive crypto directly from the sidebar.”
Uniswap Labs first announced the browser wallet extension in February this year. Since then, the project has attracted 793,391 users who signed up to experience the product.

Uniswap is one of the most popular decentralized exchanges in the crypto market, boasting a total value locked (TVL) of $5.6 billion. Despite facing numerous legal challenges with US authorities, the number of wallets on the exchange has doubled over the past year.

TVL of Uniswap DEX. Source: Defi Llama (17/07/2024)

However, the UNI token has dropped nearly 4% in the past 24 hours and is currently trading at $8.25 per token.

1D chart of UNI/USDT on Binance as of 11:00 AM on 17/07/2024

The Crypto Wallet War

As blockchain and crypto technology gain global interest, wallet providers are racing to roll out new features and services.

On July 11, Coinbase launched its on-chain wallet and portfolio management platform. Fintech firm Block, founded by Jack Dorsey, partnered with payment company MoonPay to offer Bitcoin (BTC) services via various payment methods.

MetaMask has integrated with Blockaid and acquired Wallet Guard to enhance security measures, along with providing direct staking support for individual users.

Overall, the goal is to eliminate existing barriers and bring the next wave of millions of web3 users closer to this burgeoning field.