New Web3 Trading Opportunities Are Created By The Conflux Network’s Uniswap V3 Deployment
Key Points:
- On Conflux Network, a Layer-1 EVM-compatible blockchain, Uniswap V3 will be used to connect with millions of users in China and Asia and the rapidly expanding Conflux ecosystem.
- Users will have access to new trading opportunities and new arbitrage trading opportunities in the Web3 space as a result of the integration of Uniswap V3 on Conflux Network.
Conflux Network, a permissionless Layer-1 EVM-compatible blockchain, will host Uniswap V3. The deployment is anticipated to tap into the rapidly expanding Conflux ecosystem and provide access to millions of potential new users, particularly in the Chinese and Asian markets.
One of the fastest EVM-compatible L1 blockchains on the market, Conflux Network has a block time of 0.5 seconds and a maximum capacity of 6400 TPS. Conflux switched to a hybrid PoW/PoS consensus in the first quarter of 2022, resulting in a lightning-fast, safe, and scalable blockchain environment with zero congestion, low fees, and enhanced network security.
The Conflux Network is the only blockchain network in China that complies with regulations. It has already begun integrating with local Web2 giants. By separating the Core Space and eSpace spaces on the same ledger, the blockchain is able to comply with regulations. China is the most common market for the Core Space, where users can interact with dApps without having to use tokens (ERC20 or mainnet token). Users can use tokens (ERC20, ERC721, ERC1155, etc.) to interact on eSpace. like any other blockchain network, it focuses on the entire world. The two spaces are on a similar record, and resources can be consistently moved with an interspace contract.
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Following recent events that resulted in an increase in Web2 users, the integration of Uniswap V3 on Conflux Network follows. Conflux announced in January that Little Red Book, a Chinese Instagram that showcases NFTs, would be integrated into the platform. More than 200 million potential customers are brought to Web3 by this integration. Conflux announced in February that it would be collaborating with China Telecom, which has 390 million subscribers, to launch a Blockchain SIM card that can securely interact with Web3 assets from every smartphone. These users can be added to DeFi by Conflux using the UniswapV3 deployment.
Uniswap V3 sending on Conflux Organization is supposed to open up new exchanging amazing open doors to clients, increment liquidity volume, and give new exchange exchanging open doors. It is a significant step toward the widespread adoption of blockchain technology and the development of a simpler user interface for Web3.
