- Uniswap was the numero uno DEX with a 24-hour volume of $984.47 million.
- It was the largest contributor to ETH’s burning activity in April.
World’s largest decentralized exchange (DEX) Uniswap [UNI] was considering a proposal to launch the third iteration of its protocol on the layer-1, proof-of-stake network, Fantom [FTM], in a bid to adapt and expand its reach to other blockchain ecosystems.
The proposal was undergoing a “temperature check” governance vote, which was scheduled to conclude on 31 May.
Read Uniswap’s [UNI] Price Prediction 2023-2024
Uniswap in expansion mode
The proposal was put forward by Blockchain@Columbia, a Columbia University’s organization for distributed ledger technology, in conjunction with Fantom and Axelar, a cross-chain communication platform.
The proponents stated that since the expiration of Uniswap V3’s Business Source License (BSL) on 1 April, it has become easier for other players in the DeFi landscape to utilize V3 design in order to capture market share on other blockchains like Fantom.
Hence, in order…