Original Title: "Uniswap Launches Web Plugin Wallet, A Comprehensive Guide to the Collection Process and Its Implications"

Author: Nan Zhi, Odaily Star Daily

Uniswap Labs announced on the X platform that it will soon launch Uniswap Extension. Uniswap describes it as the "first wallet located in the browser sidebar" with no more pop-up windows and trading interfaces, and eligibility applications are now open.

Odaily Star Daily will interpret in this article how to apply for testing qualifications, the functions and features of this wallet, and the Uniswap development plan displayed behind it.

Application for Qualification

To apply for the eligibility queue for using Uniswap Extension, you need to obtain a uni.eth username. The uni.eth username is a product similar to ENS, which allows users to use readable names instead of long strings of 0x codes in Uniswap. In addition, it can be used as a sending and receiving address for funds, and allows holders to search for other users by username, edit wallet profiles, and add avatars, establish social media links, etc.

Uniswap's usernames, which are compatible with any DApp or wallet that supports ENS, such as MetaMask and Coinbase, can be used. Each wallet can change their username up to two times, but it is important to note that Uniswap usernames cannot be transferred or sold.

Uniswap username is currently only available through Uniswap Wallet application, which can be downloaded from App Store and Google Play.

After completing the wallet application, users can enter the "Settings" interface, select the wallet that plans to apply for the uni.eth username, and then obtain it by editing the label (Edit label). The process is shown in the following flowchart.

After completing the application for a username, the user will automatically enter the queue for eligibility application. The earlier the username is obtained, the higher the priority. When approved, the user will receive an App notification message from Uniswap Wallet.

Uniswap Extension Analysis

Uniswap Extension Basic Features and Characteristics

Callil Capuozzo, Design Vice President of Uniswap Labs, stated in an interview with Blockworks that Uniswap Extension has been developed for some time with the aim of helping Uniswap become a more complete platform for swapping. According to official documents, promotional videos, and promotional materials, the main features currently known include:

· The sidebar is always present, allowing for easy access even when switching between multiple tabs or pages (it can also be operated as a floating window like a regular wallet). The following image shows the effect of switching between web pages while the sidebar is present.

· Quick import, users can import wallets to Extension through QR code, eliminating the address recovery process;

· No pop-up window trading, directly confirm the transaction after confirming the Swap object and quantity.

Can it become a disruptive product?

According to the features of Uniswap Extension mentioned in the previous section, it can be compared with Telegram trading bots. These bots, due to their fast, easy-to-use, and comprehensive features, became popular in 23 years and became the preferred trading tool for many people.

Telegram Trading Bot has improved the usage of DApp and wallet plugins in the following ways:

· One-click ordering, after confirming the Swap object and quantity, the transaction is completed in one go, eliminating the need for authorization, clicking authorization confirmation, initiating the transaction, and confirming the transaction, four steps;

· Account login-free, can be used synchronously on both PC and mobile devices;

· Advanced operations, from easy to difficult, including limit orders, intelligent Gas adjustment, copy trading, new coin sniping, protection against MEV and chupacabras, and protection against RUG, etc.;

· Supporting information, including various new coin notifications, tracking of the Conflux wallet, etc. Some bots also operate communities specifically for Meme token traders, promoting user communication and purchasing desire.

Through the above features, Telegram trading Bot meets the full-cycle needs of users such as "what to buy", "whether the token to be purchased is safe", "how to buy quickly", "how to automatically profit or stop loss", greatly improving the traditional usage method.

Can Uniswap Extension achieve similar effects by redirecting users back to Uniswap through this extension?

The answer is that even with this plugin, it is still not enough to attract users. Uniswap Extension only provides the functions of one-click ordering and quick login. As for its sidebar feature, it simplifies the process of "user confirming purchase object -> external tool confirming token security -> opening Uniswap -> entering information to place an order", but it is not a revolutionary improvement for Telegram trading bots and still lacks many advanced features.

The above requirements are mainly aimed at on-chain Degen users who require fast and high-frequency trading. For low-frequency and long-term whale users, the demand for trading functions is much less, with only a certain demand for the uni.eth username, but it is still a homogeneous product with compatibility with protocols such as ENS.

Conclusion

Overall, Uniswap Extension is a minor improvement to the current Uniswap trading model, but the process and requirements for obtaining the plugin highlight Uniswap's fundamental goal - to lead users to the Uniswap wallet.

Uniswap wallet was launched on the App Store in April last year, and the test version was only released to Android users in October, with few users currently using it. The web plugin this time requires users to download the Uniswap wallet and apply for it through the wallet account, and then introduces a "wallet scan code login" function in the plugin, which redirects mobile users back to the web page.

Last night, Uniswap also launched a web-based limit order function that does not require Gas fees, and promoted an upgraded version of token data functions, including TVL, price, LP amount, and fees, among other data, aimed at providing insights aggregated in one place. It is worth noting that the anti-MEV function is actually built into Uniswap Wallet.

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