Blockchain News

Uniswap Community Considers To Deploy v3 On Polygon

As per trade volume, statistics reveal that Uniswap v3 commands the largest 24-hour trade volume. Of course, having $1.5 billion swapped during the last day. More so, Uniswap has $8.6 billion on December 19, 2021.

Notably, this is the second-largest TVL below Curve Finance’s $21.8 billion TVL.

“The Uniswap community has voted to deploy v3 on Polygon through the governance process…”
“Uniswap Labs will deploy Uniswap v3 contracts within a few days. Stay tuned,”

Notably, it adopts two layer-two (L2) protocols including, Arbitrum One and Optimism.

More so, Both of these protocols leverage optimistic rollups in order for users to save on transfer fees. While, it leverages on the Etheruem network.

Also, While shows it costs $31.74 to swap tokens onchain through layer-one (L1). Thereby, swaps using Arbitrum will cost $2.63 and swaps using Optimism will cost $2.29.

More so, Polygon’s CEO Mihailo Bjelic brings forth the Uniswap proposal on November 20. Then, says that “Polygon PoS can bring a lot of benefits” to the dex.
Also, Bjelic maintains that “Polygon PoS is battle-tested,”
and “Polygon is aligned with Ethereum and its values.”

Lastly, after Bjelic’a proposal, one supporter writes:

“I would love to see Uniswap v3 on Polygon chain. ETH fees [are] just killing all of us…”
“Polygon is the battle-tested solution which can save users from slow [transaction] and high fees.”

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.