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HomeNewsPolygon's zkEVM Set to Boost Billion-$-Market Uniswap: Overwhelming Support for Launch Integration

Polygon’s zkEVM Set to Boost Billion-$-Market Uniswap: Overwhelming Support for Launch Integration

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  • Uniswap is likely to launch on Polygon zkEVM as overwhelming support from tokenholders pushes the proposal towards approval.
  • The proposal has already surpassed the required threshold for it to be passed, more than 7 hours before the end of the governance vote.

Uniswap Set to Launch on Polygon zkEVM as Governance Vote Shows Overwhelming Support from Tokenholders

Uniswap, a leading decentralized exchange (DEX), is likely to launch on Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) as the proposal has already gained significant support from tokenholders.

The governance vote, which proposes the launch of Uniswap v3 on Polygon’s zkEVM, has surpassed the required threshold for it to be passed more than 7 hours before the end of the vote.

According to the voting dashboard for decentralized finance projects, Tally, a financial modeling platform Gauntlet, and an Ethereum infrastructure provider ConsenSys, led the way, contributing over 7 million votes each.

Polygon Business Development Lead Believes Now is the Time to Launch Uniswap on zkEVM

Polygon Business Development Lead Jack Melnick, who wrote the proposal, believes that now is the time to make Uniswap v3 available on the zkEVM, given its “EVM equivalent” status.

Melnick noted that the integration would enable validation and fast finality for off-chain transactions. According to Melnick, Uniswap has put Polygon’s zkEVM integration at the top of its priority list.

On top of that, Melnick identified several key on-chain metrics to evaluate the deployment’s success, such as growing Uniswap’s Total Addressable Market across TVL, unique interacting wallet, volumes, and integration with partner dApps.

Minimal Integration Risks for Uniswap’s Launch on Polygon zkEVM

When asked about the potential risks, Melnick was confident that if any, the integration risks would be minimal. With the proposal to launch Uniswap v3 on Polygon’s zkEVM gaining significant support from tokenholders, the integration is poised to proceed, offering validation and fast finality for off-chain transactions. It is worth noting that in March, Uniswap v3 launched on Binance Smart Chain (BNB).

In conclusion, Uniswap’s launch on Polygon’s zkEVM is highly anticipated by the crypto community, and the proposal has already gained overwhelming support from tokenholders. The integration is expected to provide validation and fast finality for off-chain transactions and grow Uniswap’s Total Addressable Market. The integration risks are minimal, and the deployment is poised to proceed.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628
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