In recent days, Uniswap Labs has encountered many hurdles in releasing its mobile wallet to the Apple App Store, although their initial version was licensed in October.
Uniswap mobile wallet release date in limbo due to App Store delay
The App Store allegedly blocked Uniswap’s open-source, self-managed decentralized wallets even though they passed Apple TestFlight. This delayed the release by several weeks.
1/ Introducing Uniswap Mobile Wallet✨
A fully self-hosted open-source mobile app from the most trusted name in DeFi.
Now available as a limited early release – via Apple TestFlight. pic.twitter.com/NmO8c0bXMs
— Uniswap Labs (@Uniswap) March 3, 2023
In October, Uniswap Labs received approval for their first build, but their mobile wallet has struggled on the App Store since then. While other self-custodial exchange wallets were approved, Apple rejected the final version of the Uniswap mobile wallet days before its planned launch in December 2022.
Uniswap Labs claims to have addressed Apple’s concerns, answering all their questions and assuring the company that it is following its rules. However, Apple has yet to approve the launch, leaving Uniswap Labs in limbo. So the company is offering early access to the thousands of Testflight users awaiting approval from Apple.
Uniswap operates as a fully decentralized exchange, meaning it has no single owner or operator. It uses an automated liquidity protocol, a relatively new trading model that sets it apart from other exchanges.
Uniswap was developed on the Ethereum blockchain in 2018 and is currently the second largest cryptocurrency project by market capitalization. Being built on Ethereum makes it compatible with all ERC-20 tokens and related infrastructure, such as wallet services like MetaMask and MyEtherWallet.
Uniswap Labs said it has addressed Apple’s concerns, but is still awaiting App Store approval to launch the mobile wallet. Meanwhile, Uniswap said it would offer limited early access to users awaiting approval from the App Store.
While Uniswap is the most used Ethereum smart contract by 2022, 95% of tokens traded on it are considered scams.
The BNB Chain implementation was approved on Uniswap earlier this year, but FUD has been surrounding Uniswap founder Hayden Adams, who was accused by Balance co-founder Ric Burton earlier this year of duping him into making an offer for investor ownership .
Uniswap’s price today is currently valued at $6.39 with a 24-hour trading volume of $76.5 million. It ranks 18th in the CoinMarketCap ranking with a total market capitalization of $4.8 billion.
Source: TradingView
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According to Cryptoslate
