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Key points
- Uniswap, a popular decentralized exchange running on Ethereum, suffered an outage due to issues with Cloudflare.
- The team behind the protocol announced the problem late last night, advising Uniswap users to access the protocol through a number of other avenues.
- The incident follows a major issue with Ethereum service provider Infura, further underscoring the importance of true decentralization.
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The Uniswap app the interface suffered a temporary outage last night. In announcing the incident via Twitter, the team behind the protocol pointed to its internet service provider Cloudflare as the source of the problem.
Uniswap Frontend crashes briefly
The https://t.co/liqYXtQoM2 site is temporarily down due to problems with @Cloudflare IPFS gateway. Now is a good time to remember the benefits of decentralization!
1) is available on other IPFS gatewayshttps: //t.co/gJxPeqw10o
2) can be run locally https://t.co/Nv7DWjEKxc
– Uniswap protocol 🦄 (@UniswapProtocol) November 14, 2020
Uniswap is an automated market maker (AMM) operating on the Ethereum blockchain. Thanks to the growing adoption of DeFi on Ethereum, today it is one of the most used cryptocurrency exchanges. Its daily volume often it exceeds that of centralized exchanges like Coinbase.
Due to the decentralized nature of Uniswap, last night’s outage limited access to the app via a single road. The Uniswap team directed users to other access points in their announcement, highlighting “the benefits of decentralization”.
Their recommendations included accessing the site via alternative IPFS gateways and decentralized cloud services, running the app locally, trading with Uniswap’s contract address via Etherscan, and using aggregators.
The decentralized state of DeFi protocols such as Uniswap has been a hot topic recently. Well-known Bitcoin backer Anthony Pompliano recently caused controversy when he published a tweet suggesting that most DeFi apps running on Ethereum could be shut down by disabling centralized servers.
Uniswap founder Hayden Adams then joined the discussion, explaining that the protocol’s smart contract is immutable and, therefore, cannot be closed.
The immutability of smart contracts is one of the fundamental properties of blockchains like Ethereum.
It is an immutable smart contract on Ethereum. I don’t have the option to turn it off
If you’re talking about frontends, there are ~ 50 independent ones
A lot of the volume is on-chain and doesn’t go through any frontend
I might try tweeting “can anyone please stop trading” though
– Hayden Adams 🦄 (@haydenzadams) October 7, 2020
Last night’s issue ended a week where centralized servers were a major talking point within the Ethereum community.
On Wednesday, the leading Ethereum gateway provider Infura gone down, leading to major problems on apps like Metamask. Much of the discussion focused on the importance of managing independent nodes to achieve decentralization.
The malfunction with the Uniswap app interface was fixed late last night.
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