This week Uniswap launched their NFT Marketplace Aggregator, an extension of the Uniswap app that came about following Uniswap’s acquisition of the Genie NFT Aggregator. Uniswap is the largest Decentralized Exchange (DEX) in the world, averaging hundreds of millions of dollars of volume per day. Uniswap is Ethereum-native, and innovated direct peer to peer (P2P) trading through an Automated Market Maker, the first of its kind, back in 2018.
An NFT Aggregator takes the prices from NFT listings on different marketplaces and makes them all available in one place. The Uniswap NFT Marketplace is open-source, trustless, and self-custodial, which means in theory you should never see Uniswap freezing NFTs because someone got hacked.
As of now, the Uniswap NFT Aggregator is supporting OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, NFT20, and NFTX. And if you open the app right now, you may notice it looks familiar–it’s essentially just the OpenSea design. I’m sure the team over at OpenSea was excited to see their whole catalog listed on Uniswap with the same design.
Uniswap also notes that they expect transactions to cost roughly 15% less in gas fees when compared to other aggregator options via their new Universal Router smart contract. This unifies the transfer of ERC20 tokens and NFTs into a single swap, cutting down gas requirements.
As part of this launch, Uniswap is rewarding previous Genie users with an airdrop. If you used Genie before April 15, 2022, you could be getting up to $1000 in airdrop. They’re also offering a full gas rebate to the first 22,000 transactions.