BREAKING DOWN UNISWAPX

Summary from the TLDR Crypto newsletter

UniswapX, Uniswap’s upgraded protocol, has introduced a feature that draws liquidity from centralized exchanges. This move signifies a shift in the crypto marketplace as it recognizes that on-chain markets might not always yield the most optimal execution. However, this move brings up questions about the potential impact on liquidity providers and the future reliance on intermediaries, answers to which could drastically change the DeFi landscape.