The approval of the proposal to deploy Uniswap v3 on BNB Chain sets up a major showdown with PancakeSwap and an array of competing DEXes.
Super Heavyweight DEX Coming to BNB Chain
Let the Battle of the DEXes on BNB Chain begin! The Uniswap community has officially approved a proposal to deploy Uniswap v3 on BNB Chain, setting up a massive showdown with the chain’s longtime dominant Decentralized Exchange (DEX) PancakeSwap as well as other competitors, new and old.
When voting ended at 13:53 UTC Feb. 10, more than 66% of $UNI ballots were cast in favor of the proposal from 0xPlasma Labs.
As is typical for political processes, the sausage-making by the Uniswap DAO wasn’t entirely pretty, as the selection of Wormhole as the cross-chain bridge between Ethereum and BNB Chain goaded major $UNI holder a16z (a backer of competing bridge LayerZero) into casting all of its 15 million UNI tokens against the proposal.
The introduction of outsize influence by a special interest group raised eyebrows and hackles among the decentralization-loving crypto crowd.
But in the end,…