Uniswap Labs faces hurdles with Apple’s App Store over the release of its mobile wallet, even though the first version was approved in October.
1/ Introducing Uniswap mobile wallet🦄✨
A fully self-managed open source mobile app from the most trusted name in DeFi.
Now available as a limited early release through Apple TestFlight. pic.twitter.com/NmO8c0bXMs
—Uniswap Labs 🦄 (@Uniswap) March 3, 2023
Uniswap’s mobile wallet hangs in the air as Apple’s App Store delays launch
Apple’s App Store has allegedly blocked the decentralized, open-source, self-managed wallet despite passing Apple’s TestFlight, delaying its release by weeks.
Uniswap Labs got approval for its first build in October, but then ran into issues with Apple’s App Store regarding mobile wallets. Despite the approval of other self-custody swapping wallets, Apple rejected the final version of Uniswap’s mobile wallet days before its scheduled release in December 2022.
Uniswap Labs claims to have addressed Apple’s concerns, responded to all inquiries, and ensured compliance with the company’s policies. However, Apple has yet to approve the launch, leaving Uniswap Labs in a state of uncertainty. As a result, while waiting for Apple’s approval, the company is giving early access to thousands of Testflight users.
Uniswap Leads All Decentralized Exchanges
Uniswap operates as a fully decentralized exchange. In other words, he is not the owner or operator. It uses an automated liquidity protocol, a relatively new type of trading model (explained below) 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. Built on Ethereum, it is compatible with all ERC-20 tokens and related infrastructure (such as wallet services like MetaMask and MyEtherWallet).
Uniswap said it has responded to Apple’s concerns by releasing an early version of its wallet via a tweet.
Uniswap Labs said it has addressed Apple’s concerns but is still waiting for App Store approval to launch a mobile wallet.
Uniswap said it would offer limited early access to Testflight users while it waited for App Store approval, and said it was “stuck” because Apple didn’t green light the launch without explanation.
On March 6th, Uniswap Labs tweeted:
steadily! Let’s start this week well 💪
Open more mobile wallet access spots for the first 50 gms received.
Controversy rages over Uniswap and its founder Hayden Adams
In 2022, Uniswap was the most used Ethereum smart contract, but 95% of tokens traded on Uniswap were said to be fraudulent.
The deployment of the BNB chain was passed at Uniswap earlier this year, but FUD remains around Uniswap founder Hayden Adams.
Today Uniswap currently has a live price of US$6.37 and a 24-hour trading volume of US$76.5 million. It is ranked 18th in CoinMarketCap’s ranking with a market capitalization of $4.8 billion.