Alvin Kan, chief development officer of BNB Chain, said:
“With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things Web3. Protocols looking to reach larger audiences can grow.”
In February, a controversial governance proposal by 0x Plasma Labs to deploy Uniswap v3 on BNB Chain was approved with over 55 million UNI holders voting in favor. Previously, the Wormhole multi-chain bridge was selected as Uniswap’s designated bridge to BNB Chain in a preliminary vote.
The proposed expansion to BNB Chain offers a number of significant advantages, including user growth, lower fees, and the ability to tap into new geographic markets. The move means that Uniswap users will be able to leverage BNB Chain’s ecosystem to trade and swap tokens across the network. The integration also allows Uniswap to tap into a pool of liquidity with BNB Chain’s DeFi developer community and increase awareness and adoption among retail and institutional investors.
After the expansion, Uniswap users will be able to take advantage of BNB Chain’s high speeds and low transaction fees to trade and swap tokens on the network.
The integration also allows Uniswap to tap into a new source of liquidity with BNB Chain’s large decentralized finance developer community, while increasing awareness and acceptance among retail and institutional investors, with the potential of 1 million to 2 million new Protocol users and stakeholders.