Over 55 million UNI token holders voted to support Uniswap V3 deployment on BNB Chain.
The proposal was brought up due to the need for Uniswap to expand its reach and potentially drive further growth and adoption of DeFi.to BNB Chain in a Temperature Check vote. The temperature check is a process to determine whether there is sufficient will to make changes to the status quo.several advantages, including user growth, lower fees and tapping into new geographical markets.
The announcement also stated that the move to BNB Chain will enhance the Uniswap Protocol’s ability to serve all users within the Web3 space and marks a step towards increasing accessibility and liquidity for its users.The move means that Uniswap Protocol users will be able to leverage BNB Chain’s ecosystem to trade and swap tokens across the network.
According to the announcement, the launch aligns with the DeFi industry's requirement for greater accessibility and cross-blockchain compatibility. The launch is expected further to fuel the growth of both Uniswap and BNB Chain.
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