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Uniswap v3 Goes Open Source, Fueling the Future of Decentralized Exchange Technology

Uniswap v3 Goes Open Source, Fueling the Future of Decentralized Exchange Technology

The Uniswap v3 protocol's Business Source License (BSL) has expired, as confirmed by its documentation on April 1.

The BSL license was originally released in 2021 for a period of two years to protect the author’s right to profit from their work, but it has now been replaced by the “General Public License” for the protocol to be open source.

This has been highly anticipated in the decentralized finance (DeFi) community, as it allows developers to create their own decentralized exchanges (DEX).

To use the code, developers will need to obtain an “Additional Use Grant” that accommodates both open-source and commercial developers.

Uniswap v3 is a popular DEX and the largest automated market maker in DeFi, providing a platform for token creators, traders, and liquidity providers to swap tokens.

READ MORE: US Self-Regulatory Organization Implements Crypto Compliance Rule for Members

In May 2021, Uniswap v3 surpassed Bitcoin in daily fee generation and has been generating $4.5 million in daily fees, according to Cryptofees.

Recently, Uniswap went live on Binance’s smart contract blockchain after a successful vote by token holders. This integration has allowed Uniswap to tap into Binance Chain’s DeFi developer community and expand its reach.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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