Major Development for BNB Chain: Giant Decentralized Exchange Approved Transition!

UniSwap community, decentralized exchanges Binance connected BNB ChainHe supported the move in the vote on the enlargement move to .

Uniswap Community Approves Expansion to BNB Chain

Users who staked tokens in the vote approved a Uniswap to run on BNB Chain with 80% of the votes in favor.

Voting on the proposal submitted by OxPlasma Labs ended Sunday night with nearly 20 million tokens used in favor of the move. “Our proposal to deploy Uniswap v3 on BNB Chain passed the Security Check with 20 million ‘YES’ votes and $6,495 UNI voters (the largest number for the entire Uniswap Governance History),” Plasma tweeted.

Uniswap, like other decentralized exchanges (DEXs), relies on smart contracts to execute trades and provide liquidity between traders.

According to DefiLlama, it has various locked assets worth $3.4 billion across five blockchains, with the latest version, V3, dominating $2.6 billion of that figure.

Plasma, central cryptocurrency This move is intended to make Uniswap a viable platform for DEX services as BNB Chain, a blockchain closely linked to the Binance exchange, has a large and growing user base, provides high transaction speeds and low fees, as well as a potential new market. Said it was necessary.

“Opening to BNB Chain can help Uniswap capitalize on the growing popularity of DeFi (decentralized finance) in the Binance ecosystem,” the developers wrote in this proposal, “BNB Chain offers unique features such as staking and cross-chain support that can extend the functionality of Uniswap v3. ” he added.

Plasma added that, among many other benefits, the switch to BNB Chain could attract at least $1 billion in additional liquidity and “1-2 million new users” from the BNB Chain ecosystem.

*Not investment advice.

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