Following the preliminary vote, Uniswap users expressed support for deploying the third version of the decentralized exchange protocol on the BNB Chain.
🦄 We’re excited to share that our @0xPlasma proposal to deploy @Uniswap v3 on @BNBCHAIN has passed the “Temperature Check” with 20M votes “YES” and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History).
Moving forward to the final “Governance Proposal” pic.twitter.com/HoIJgY8mX1— 0xPlasma Labs: DeFi & NFT Metaverse 🦇 🔊 (@0xPlasma) January 22, 2023
For Plasma Labs’proposal in the temperature check, 20 million UNI holders — 80% of participants — expressed support.
Over the coming weeks, the project is expected to present a governance proposal for an official community vote.
Among the reasons cited for adding Uniswap support on BNB Chain were:
- a growing user base for the network, which would unlock a new market;
- high transaction speeds and low fees;
- the advantages of expanding cooperation with Binance and other ecosystem projects.
The potential TVL uplift for Uniswap from the Plasma Labs integration was estimated at $1.18 billion with up to 2 million new users.
At the time of writing, the total value locked in the decentralized exchange stood at $3.77 billion, of which $2.67 billion belonged to Uniswap V3 (DeFi Llama). The vast majority of assets are in the Ethereum network and the leading layer-2 protocols built on it — Polygon, Arbitrum and Optimism.
In March 2022, the community supported deploying the third version of the protocol on the Celo blockchain. The value of assets locked in the network stands at $1.31 million.
In October, voters overwhelmingly voted in favor of integrating Uniswap V3’s Layer-2 zkSync solution from Matter Labs.
Read ForkLog’s bitcoin news on our Telegram — cryptocurrency news, rates and analysis.