Uniswap, which is a commonly used decentralized exchange, plans to introduce Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution. The aim is to implement Uniswap’s v3 protocol on the Polygon zkEVM platform, according to the latest governance proposal.
Polygon zkEVM is a recently developed zk-rollup that aims to ensure transparency in user experience and compatibility with the Ethereum ecosystem and its tools by providing Ethereum Virtual Machine (EVM) equivalence at the opcode level.
It is a method for enhancing Ethereum’s scalability on layer two that incorporates zero-knowledge cryptography to quickly validate and finalize off-chain transaction computations.
The deployment on Polygon zkEVM will help grow a large list of projects that can be built on Uniswap v3. Additionally, deploying early on zkEVM helps solidify Uniswap’s position as the number one DEX and a thought leader.
It is important to note that Uniswap has seen a significant community and user uptake on Polygon PoS, which makes the deployment on Polygon zkEVM a priority.
Polygon Labs, the leading platform for Ethereum scaling and infrastructure development, will deploy Uniswap’s protocol to the Polygon zkEVM on behalf of the community.
The Polygon network is currently the most adopted scaling effort in the Ethereum ecosystem, with over 3,000 applications hosted, 1 billion transactions processed, 100 million unique user addresses, and approximately $5 billion in assets secured.
The deployment on zkEVM should pose minimal risks relative to deploying on alternate blockchains. As an Ethereum Layer 2, it uses zero-knowledge proofs to inherit Ethereum’s core safety while allowing developers to easily deploy existing EVM codebases.
The bridge has been disintermediated, and the network can expect reputable Oracle providers to be available as data providers from day one. However, the network’s v3 deployment on Polygon zkEVM will help grow Uniswap’s Total Addressable Market across TVL, unique interacting wallets, volumes, and integration with partner dApps.
This move also highlights the continued growth of Polygon as a leading platform for Ethereum scaling and infrastructure development.
Uniswap Mobile Wallet
The progress of the network is continuing at a steady pace. In addition to the recent deployment of its v3 on Polygon zkEVM, it was announced yesterday that Uniswap Labs has made its mobile wallet available for download on the iOS App Store in multiple regions.
The Uniswap mobile wallet is an open-source, self-custody application that enables users to smoothly exchange tokens on Mainnet, Polygon, Arbitrum, and Optimism.
The wallet also allows users to discover top tokens by market cap, price charts, volume, favorite tokens, and wallet addresses and connect to any application on Mainnet or L2s with WalletConnect.
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