• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Archives for BNB Smart Chain

BNB Smart Chain

Uniswap Community Overwhelmingly Approves V3 Deployment on Binance Smart Chain

January 24, 2023 by Ammar Raza

After a month of heated debate within the Uniswap community, the “Deployment of Uniswap V3 on the BNB Chain” proposal, put forth by 0xPlasma Labs, has officially been given the green light.

In a landslide decision, the proposal received a resounding 20 million votes in favor, accounting for a whopping 80.28% of the vote. On the other hand, those opposed to the proposal could only muster 4.9 million votes, equating to a mere 19.72%.

The approval of this proposal marks a significant step forward for the Uniswap ecosystem, as the deployment of V3 on the Binance Smart Chain is expected to bring a host of new features and improvements.

The community’s support for this proposal is a testament to Their trust in 0xPlasma Labs and their abilities to drive the Uniswap platform forward.

 Deployment Uniswap v3 On The BNB Chain: Proposal

The Uniswap community is currently buzzing with excitement over deploying Uniswap V3 on the Binance Smart Chain (BNB Chain). The proposal, put forth by 0xPlasma Labs, highlights a number of important reasons why it should be deployed on the BNB Chain as soon as possible.

One of the main reasons for the deployment is BNB Chain’s “large and growing user base, providing a potential new market for Uniswap v3.” In addition, BNB Chain’s high transaction speeds and low fees make it a suitable platform for its decentralized exchange services.

Furthermore, by making its way to the Binance Smart Chain, Uniswap would be able to capitalize on the increasing interest in DeFi within the Binance ecosystem. Additionally, it offers features such as staking and cross-chain support that could significantly improve v3’s capabilities.

Binance’s reputation for backing and promoting high-quality projects is a major advantage for the network, as it could lead to valuable exposure for the decentralized exchange. Its global reach and strong brand may also aid in raising awareness and adoption of Uniswap v3 among both retail and institutional investors.

This proposal would also open up possibilities for integration with other products and services offered by Binance, such as “the Binance Smart Chain and Binance DEX,” as well as potential collaboration and partnership opportunities with other projects within the Binance ecosystem.

The BNB Smart Chain’s strict emphasis on security and compliance provides a secure and reliable environment for Uniswap v3 to operate in. Its robust ecosystem of dApps and DeFi projects also presents opportunities for collaboration and co-development. 

Moreover, BNB Smart Chain’s support for on-chain governance allows it to adopt a more decentralized and community-driven development model. In addition, 0xPlasma Labs also proposed using Celer Bridge for the governance cross-chain messaging, adding more security and trust to the process.

However, this proposal could bring in an additional $1B of TVL, huge trading volume, and earned fees for liquidity providers, 1-2 million new users, and more adoption for Uniswap NFT Platform, as well as a huge respect and appreciation from DeFi developers.

Related Reading |  Dormant Ethereum (ETH) ICO Participant Suddenly Stakes $80M In October 

Filed Under: News, Blockchain Tagged With: Binance, BNB Smart Chain, DeFi, Uniswap

Primary Sidebar

Recent Posts

  • Alameda Wallets Spark Controversy with Million-Dollar Crypto Transfers: Report February 9, 2023
  • Orbeon Protocol (ORBN) Set To Explode by 6000% After Presale Concludes: Here’s Why February 9, 2023
  • Solana Price Spikes As Brave Announces dApp Support February 8, 2023
  • Losses Still Occurring With Cardano (ADA) And Litecoin (LTC), Orbeon Protocol (ORBN) Rallies 1400% February 8, 2023
  • Shiba Inu Burn Rate Soars Beyond 10,000%: Here’s What It Could Mean February 8, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.