Uniswap has launched the ‘uni.eth’ subdomain using the Ethereum Name Service infrastructure to allow users to translate complex hexadecimal Ethereum addresses into human-readable names.
Users can request a uni.eth subdomain through the Uniswap mobile app, which provides one subdomain for free. The name change is designed to eliminate gas generation through off-chain resolver contracts.
An ENS subdomain is a domain created under an existing ENS domain name and is typically used to manage multiple ENS identities, similar to subdomains for existing websites.
Any ENS domain owner, such as uni.eth, can create an unlimited number of subdomains as long as the ENS domain remains active. These subdomains are created and managed by the owner of the parent ENS domain.
For example, the owner of the ENS domain “bob.eth” can create subdomains such as “pay.bob.eth”, “email.bob.eth”, or “games.bob.eth”. Each subdomain may link to another website, Ethereum address, or other resource.
Uniswap is the most widely used automated market maker. It is a decentralized exchange that uses liquidity pools to facilitate trading between tokens, rather than relying on a traditional order book where buyers and sellers directly match orders. In the last 24 hours, the protocol facilitated a swap volume of over $1.5 billion.
Uniswap Labs introduced a 0.15% fee in October 2023, applicable to swaps made through the front-end interface. According to The Block dashboard, the front end has amassed a total of $5.9 million since its introduction.
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