In a press launch, Uniswap Labs stated its deliberate cellular app is primarily a self-custodial crypto pockets, which means customers may have full possession and management over their belongings. The app may also provide the power to “commerce tokens straight with” Uniswap, the place greater than $1.2 billion in common 24-hour buying and selling quantity makes it by far essentially the most trafficked decentralized finance (DeFi) trade, per CoinGecko.