0xPlasma Proposal to Deploy Uniswap V3 on BNB Chain Gets 20M Votes: Details

Uniswap (UNI) a decentralized protocol, is ready to roll out the third version of its platform.
Binance, the company behind BNB Chain, has a strong track record of supporting and promoting high-quality projects, potentially providing valuable exposure for Uniswap v3.

Uniswap, the leading decentralized exchange (DEX) by trade volume, is set to deploy its v3 protocol on the Binance Smart Chain (BNB Chain). The decision was made after a community vote that saw 80% of UNI token holders vote in favor of the proposal.

The vote was initiated by 0xPlasma Labs, a decentralized finance protocol that specializes in building infrastructure for DEXes. The proposal argued that deploying Uniswap v3 on BNB Chain would be beneficial for the project in a number of ways.

First, BNB Chain is a more scalable blockchain than Ethereum, which could help to reduce the high gas fees that have plagued Uniswap in the past. Second, BNB Chain has a growing user base that could provide a potential market for Uniswap v3. Third, Binance, the company behind BNB Chain, has a strong track record of supporting and promoting high-quality projects.

The vote to deploy Uniswap v3 on BNB Chain is a significant development for the project. It shows that the Uniswap community is supportive of expanding the project to new blockchains and that they believe that BNB Chain is a good fit for Uniswap’s v3 protocol.

It is also a sign of the growing popularity of BNB Chain. The blockchain has seen its user base and transaction volume grow significantly in recent months. This growth is being driven by a number of factors, including the launch of Binance Smart Chain 2.0 and the growing number of DeFi projects that are being built on the platform.

The deployment of Uniswap v3 on BNB Chain is a further boost for the blockchain. It shows that BNB Chain is a viable alternative to Ethereum for DEXes and that it is a platform that is well-positioned to support the growth of the DeFi industry.