GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum.
This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that Oku has to offer.”
Born from the need to improve the underwhelming trading interface of existing DEX protocols, GFX Labs was “awarded a $1.6 million grant by the Uniswap Foundation to tackle this challenge and establish Oku.”
The platform addresses the needs of pro-retail traders “by offering advanced features typically found in traditional exchanges such as Binance or Coinbase, including order books, price charts, depth charts, trading history, user order history, and more.”
The integration with zkSync Era reportedly “combines Oku’s robust trading features, including advanced analytics, limit orders, and LP position maker, with Era’s high-speed, low-cost transaction capabilities.” Together, offering a alternative to both centralized and existing decentralized platforms.
- Advanced Analytics: Oku’s analytics provide detailed pool, position, and token information.
- Limit Orders: Traders can place bids and offers at specific prices without needing to be present for their fulfillment.
- High-Speed Transactions: zkSync offers 2000+ transactions per second.
- Low Gas Fees: Up to 1/100 of Layer 1 gas costs.
Uniswap v3 on zkSync
Since zkSync has a slightly different virtual machine from Ethereum’s, some changes have been made to the contracts by the Matter Labs team.
Getty Hill, Co-Founder at Oku Trade, said:
“We’re thrilled to be at the forefront of Uniswap v3’s expansion into new blockchains, and the integration with zkSync Era marks a significant milestone for us. We’ve put a lot of hours into this deployment and can’t wait to welcome zkSync users to the Oku family. Traders can look forward to analytics, easy trades, and limit orders, all of which are a part of the Oku experience.”
Marco Cora, senior vice president of Business and Operations at Matter Labs, the team building zkSync Era, said:
“Uniswap v3 is one of the foundational pillars of DeFi and the crypto ecosystem as a whole. We’re excited to see such an innovative front end being deployed on zkSync Era that is packed with a rich user experience geared toward all types of DeFi users. GFX labs has come to market with Oku to reinvent the way we experience DeFi, offering more possibilities for traders with an intuitive user experience which will ultimately drive greater activity and adoption.”