UniswapX

UniswapX seems like a natural extension of Uniswap, as the protocol seeks to extend its dominance in the spot DEX market. As Uniswap has mostly saturated the spot DEX market, it is forced to expand vertically into different layers of the stack to capture more value. One big concern with UniswapX is how does it affect LPs. If fillers are free to utilize any liquidity they have access to, them surely Uniswap LPs will see less trading volume, and furthermore, Uniswap LPs may only see volume when certain liquidity pools are trading at a better price compared to CEXs, concentrating the effects of toxic flow for liquidity providers who only get picked off by solvers when they offer a better price. However, Uniswap the protocol will likely still be the conduit of healthy volume for smaller tokens, especially memecoins, as fillers are unlikely to fill those orders. In its initial stage, UniswapX will vet the set of quotes, meaning that it will be a permissioned system at launch.  
 

UniswapX is a logical next step for Uniswap, but there are increasing concerns as to how this will benefit LPs. There are centralizing forces and possibility for validator censorship that needs to be strongly monitored. Adopt a wait and see approach.