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Uniswap community approves deployment on the BNB Chain

Uniswap, ranked 6th in terms of Total Value Locked among the decentralized exchanges (DEXs) according to DefiLlama, is already working on five different blockchains. But interestingly it has not yet been deployed on the BNB Chain, once known as Binance Smart Chain, despite the latter being larger in terms of users than other blockchains already used by the DEX.

0xPlasma Labs, proposed a vote, which they called “Temperature Check” to the Uniswap community, on whether Uniswap V3 should be deployed on the BNB Chain. 6,495 voters, or 80% of voters, staked 20 million UNI in order to show their support for the proposal. 0xPlasma will now move forward with its final “Governance proposal”, which should come out in the next few weeks. They expect the deployment on the BNB Chain to bring large amounts of liquidity, since the blockchain, with close ties to Binance, already has a large user base, especially for DeFi users.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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