Uniswap v3 deployed on BNB Chain

Based on the results of the preliminary voting, Uniswap users voted in favor of deploying the third version of the decentralized exchange protocol on the BNB Chain network.

For nominated by Plasma Labs offer during the so-called “temperature check” (Temperature Check), the owners of 20 million UNI spoke out – 80% of the participants.

The project is expected to submit a governance proposal for a formal community vote over the coming weeks.

Plasma Labs’ team cited the following as reasons for Uniswap’s addition of BNB Chain support:

  • a growing network user base that will provide a new market;
  • high transaction speed and low commissions;
  • the benefits of expanding cooperation with Binance and other projects in the ecosystem.

The potential increase in TVL for Uniswap as a result of integration into Plasma Labs was estimated at $1.18 billion with the addition of up to 2 million new users.

At the time of writing, the cumulative decentralized exchange is $3.77 billion, of which $2.67 billion is Uniswap V3 (DeFi Llama). The vast majority of assets are located in the Ethereum network and the leading second-level protocols based on it – Polygon, Arbitrum and Optimism.

In March 2022, the community supported the deployment of the third version of the protocol on the Celo blockchain. The value of blocked funds in the network is $1.31 million.

In October, users almost unanimously voted for Uniswap V3 integration of Matter Labs’ zkSync layer 2 solution.

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