In terms of transaction volume, Uniswap, one of the largest decentralized exchange (dex) platforms, announced that the dex community has approved a governance proposal to support the Polygon blockchain.

Uniswap supports Polygon PoS blockchain

In terms of transaction volume, statistics show that Uniswap version 3 (v3) has the largest 24-hour transaction volume $1.5 billion exchanged on the last day.In terms of Total Value Lock (TVL) in defi, Uniswap has $8.6 billion December 19, 2021. This is the second largest TVL below Curve Finance’s $21.8 billion TVL. On December 18th, Uniswap Labs official Twitter account Notice The Uniswap community voted to support the public who deploy Uniswap v3 contracts on the Polygon (MATIC) network.

“The Uniswap community has voted to deploy v3 on Polygon through the governance process. Uniswap Labs will deploy the Uniswap v3 contract within a few days. Please stay tuned,” Uniswap Labs said on Saturday.

Uniswap has adopted two Layer 2 (L2) protocols, including Arbitrum One and Optimism. Both of these protocols utilize optimistic aggregation, so users can use the Ethereum network to save money transfer fees.although l2fees.info It means that the cost of exchanging tokens on the chain through the first layer (L1) is $31.74, the exchange cost using Arbitrum is $2.63, and the exchange cost using Optimism is $2.29.

Polygon CEO Mihailo Bjelic: “Polygon PoS can bring many benefits to Uniswap”

Polygon CEO Mihailo Bjelic introduced Uniswap proposal On November 20th, as he said, “Polygon PoS can bring many benefits to dex”. Bjelic further insisted that “Polygon PoS is battle-tested” and that “Polygon is consistent with Ethereum and its values.” When Bjelic released the proposal, a supporter wrote: “I would love to see Uniswap v3 on the Polygon chain. Ethereum cost [are] It just kills all of us. Polygon is a tried and tested solution that saves users from slowness [transaction] And high fees. “

Polygon blockchain has been integrated with multiple platforms such as Curve, Aave and Opensea. However, Curve Finance supports seven different blockchains, including Avalanche, Fantom, Arbitrum, Harmony, and Xdai.Nearest polygon disclose Launched a $200 million fund to support social media with Web3 and blockchain technology.In addition, in obtaining Hermez Network (now Polygon Hermez) In August at a price of 250 million US dollars, Polygon $400 million paid For the Mir agreement.

How do you think Uniswap supports Polygon network? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles about destructive protocols emerging today for Bitcoin.com News.