Uniswap recently revealed in its latest blog post that it just rolled out two new smart contracts. They include Permit2 which will facilitate the sharing and management of token approvals through a range of applications in a more cost-effective and efficient manner. The other smart contract is Universal Router designed to enable ERC20 and NFT swapping unification.

In other words, the two smart contracts have a keen focus on introducing the most cost-efficiency for users. A potential implication of these rollouts is that users will save on gas fees. This move might encourage more people to join Uniswap or more transactions on the network.

(By Michael Nderitu)