Uniswap Labs has run into hurdles with Apple’s App Store in launching its mobile wallet, although its initial version was cleared in October.
1/ Introducing the Uniswap mobile wallet 🦄✨
A fully standalone 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
Uniswap’s mobile wallet is in limbo as Apple’s App Store delays launch
Apple’s App Store allegedly blocked the open-source, self-custodial decentralized wallet, even though it passed Apple’s TestFlight, its launch was delayed for weeks.
In October, Uniswap Labs received approval for its first build, but has since run into difficulties with Apple’s App Store regarding its mobile wallet. Despite approving other self-custodial exchange wallets, Apple rejected the final version of the Uniswap mobile wallet a few days before its planned December 2022 launch.
Uniswap Labs says it has addressed Apple’s concerns, responded to all of its inquiries, and assured the company that it abides by its rules. However, Apple has yet to approve the launch, leaving Uniswap Labs in a state of uncertainty. As a result, the company is giving early access to several thousand Testflight users while it waits for Apple’s approval.
Uniswap leads all decentralized exchanges
Uniswap operates as a fully decentralized exchange, meaning there is no single 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, which is currently the second largest cryptocurrency project by market capitalization. Being built on top of Ethereum makes it compatible with all ERC-20 tokens and related infrastructure, such as wallet services like MetaMask and MyEtherWallet.
Uniswap says it has addressed Apple’s concerns and is releasing early versions of the wallet via Tweet
Uniswap Labs said it has addressed Apple’s concerns but is still awaiting approval from the App Store to launch the mobile wallet.
Uniswap said they will provide limited early access to Testflight users in the meantime while they wait for approval from the App Store, citing that they are “stuck in limbo” because Apple has not given the green light for the launch without explanation.
On March 6, Uniswap labs tweeted:
gm gm! Let’s start this week strong 💪
We are opening more mobile wallet slots for the first 50 gms we receive
Controversy swirls around Uniswap and its founder Hayden Adams
In 2022, while Uniswap was most used of the Ethereum smart contract, 95% of the tokens traded on it were said to be frauds.
A BNB chain rollout was accepted earlier this year on Uniswap, but FUD persists surrounding Uniswap founder Hayden Adams, who was accused earlier this year by Balance co-founder Rick Burton of fraud him on an offer for ownership by an investor.
Uniswap’s live price today is currently valued at $6.37 USD, with a 24-hour trading volume of $76.5 million USD. It holds the #18 spot on CoinMarketCap with a total market capitalization of $4.8 billion.
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