Uniswap to Integrate SudosApp to Access Deeper NFT Liquidity – The Defiant

Uniswap is diving deep into the NFT rabbit hole.

The automated market maker is integrating decentralized NFT marketplace Sudoswap to allow efficient NFT swaps when it launches its NFT platform.

There was news to share By Scott Gray, Head of NFT Products at Uniswap Labs.

The integration will allow users to purchase NFTs using the Uniswap platform while accessing the on-chain liquidity provided by SudoAMM.

sudoAMM

Sudoswap’s automated market maker sudoAMM was released on July 8. Automated market makers allow for automated digital asset transactions using liquidity pools instead of a traditional market that must match buyers with sellers.

sudoAMM allows users to create pools that buy or sell NFTs along the price curve, provide liquidity to the NFT pool to earn fees, and list their NFTs directly at fixed prices.

“Currently, the NFT market relies on centralized orderbooks that are subject to downtime and centralization risk,” Sudoswap tweeted. “sudoAMM changes that by being completely on-chain. Anyone using only Ethereum can source the same liquidity used by the sudoswap marketplace in their applications.”

With Uniswap’s integration of SudoAMM, Uniswap is doubling down on NFTs. Last month, it acquired NFT aggregator Genie.

Uniswap is the leading decentralized exchange with trading volume of $1.09B in the last 24 hours. It recently surpassed Ethereum in terms of generated fees.

Sudoswap plans to support ERC-1155 tokens, ERC-20 token routing and newer Bonding Curve and AMM management infrastructures in the future.

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