Nice read and thanks for sharing as I wasn't aware of the Arbitrum scaling solution. But what does it mean when you say a fraction of a cost? Right now you sometimes pay 60 dollars for a trade although the normal transaction fees on the Ethereum network are much lower. If they want to compete with Binance Smart Chain, which I recently tried, they have to improve upon their gas fees massively. BSC is really cheap and fast and they have the Binance exchange connected to it and everything works smoothly and quickly once you understood all the steps of the process.
If that scaling solution is secure and has competitive fees, then certainly Uniswap is in a great spot for further gains.
If that scaling solution is secure and has competitive fees, then certainly Uniswap is in a great spot for further gains.
I was referring to BNB's fees being a fraction of the cost of ETH's current fees. You can use PancakeSwap on BNB and pay less than a penny, unlike Uniswap on ETH. Fortunately, the Arbitrum scaling solution will make high ETH gas fees on Uniswap a thing of the past. It should be a matter of time before the UNI token goes past $50, as mainstream adoption grows at a fast pace. Current price per token may be a bargain these days, considering that Uniswap is the biggest decentralized exchange (AMM) in the world. Who knows if UNI goes to $50 by the end of the year? Just my opinion
