The Uniswap DAO has unanimously approved a governance proposal to deploy Uniswap V3 on the Polygon zkEVM scaling solution, which launched on the mainnet in late March.
Uniswap will land on the Polygon zkEVM scaling solution, which uses Zero Knowledge (ZK) technology to improve the efficiency and security of transactions on the Ethereum network.
Members of the Uniswap DAO, the decentralized autonomous organization that governs the protocol, unanimously approved the governance proposal presented by the Polygon Labs team, which invited the Uniswap community to deploy its decentralized protocol on the zkEVM rollup at in order to take advantage of all the advantages it has to offer.
In the governance proposal, Polygon Labs detailed how Uniswap can optimize the experience it offers to users through Polygon zkEVM, which provides complete equivalence with the Ethereum Virtual Machine (EVM), allowing protocols to take advantage of the main features of the Ethereum blockchain ecosystem while adding a high level of scalability and performance.
The Uniswap DAO community voted unanimously in favor of deploying its V3 iteration on Polygon zkEVM, with 42,44 million votes in favor and none against.
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Uniswap wants to establish itself as the main DeFi DEX
The expansion of Uniswap V3 on Polygon's zk rollup responds to the protocol's vision of becoming the leading multi-chain decentralized exchange (DEX) in the DeFi ecosystem.
Uniswap is currently the most used DEX in decentralized finance, moving a weekly trading volume of more than $ 12.500 million dollars, according to data from the Dune Analytics platform. This trading volume represents 67,5% of all trades that occur in the decentralized Ethereum ecosystem.
Source: Dune Analytics
On the other hand, Polygon Labs is establishing itself as the most complete second-layer scalability ecosystem on Ethereum. So far, the developers of this sidechain network have launched several solutions and protocols, such as Polygon Hermez, Polygon Miden, Polygon SDK, Polygon PoS, Polygon Avail, among others, which are focused on different markets, such as data availability and blockchains. business.
Through Polygon zkEVM, the most recent release from Polygon Labs, the developers of this network seek to offer a greater scalability and efficiency to protocols on Ethereum. The features and functionalities that Polygon zkEVM integrates will enhance the Uniswap protocol that will be able to offer its users, traders and liquidity providers greater flexibility and liquidity along with greater speed and low cost in transactions.
The deployment of Uniswap V3 on Polygon zkEVM follows the trend of DApps and protocols reaching out to scaling solutions, such as zk rollups, to increase their capabilities and optimize the overall DeFi ecosystem.
In addition to Uniswap, other projects that are also landing on Polygon zkEVM are Aave, Quickswap, Lens, and Aavegotchi. Even companies like the Spanish telecommunications company Telefónica have committed to building on Polygon zkEVM.
Continue reading: Uniswap will allow you to buy cryptocurrencies with fiat money
