Polygon zkEVM to Integrate Uniswap as Vote Passes Unanimously

All 191 delegated and self-delegated addresses voted to pass the proposal.

White unicorns running on a futuristic pink road in an abstract world.
  • UNI token holders unanimously voted to deploy Uniswap on Polygon zkEVM.
  • Polygon zkEVM argues that deploying on the network will allow Uniswap to โ€œsolidifyโ€ it as the leading decentralized exchange.
  • Another leading DeFi protocol recently also voted to deploy on Polygon zkEVM.

Two zero-knowledge Ethereum Virtual Machine (zkEVM) projects launched two weeks ago: zkSync Era and Polygon zkEVM.

Polygon zkEVM has been attracting decentralized finance (DeFi) giants to deploy on the new network. The latest protocol is Uniswap.

Uniswap Integration on the Way

Polygon zkEVM will soon have the largest DeFi protocol deployed on the network. Uniswap (UNI) has voted in favor of deploying on Polygon zkEVM.

Sponsored

All 191 delegated and self-delegated addresses have voted to pass the proposal. The vote is still live and will end in a few hours.

Polygon zkEVM proposal.

Polygon zkEVM proposal. Source: Uniswap Governance Forum.

In the proposal, Polygon Business Development Lead Jack Melnick said that deploying Uniswap on its zkEVM will allow the decentralized exchange to โ€œsolidifyโ€ it as the leading protocol.

โ€œThereโ€™s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswapโ€™s place as the number one DEX and a thought leader.โ€

Melnick added that deploying on the zkEVM is a โ€œnaturalโ€ step given the activity Uniswap seen on the Polygon sidechain.

โ€œImportantly, it will help grow a large list of projects that can be built on Uniswap V3. Additionally, given the community and user uptake Uniswap has seen on Polygon PoS, itโ€™s only natural to make its deployment on Polygon zkEVM a priority.โ€

As for success metrics, Melnick said that Uniswap would see total value locked (TVL), unique wallets, volumes, and integration with other dApps grow.

โ€œA successful zkEVM deployment will, in an organic and sustained manner, grow Uniswapโ€™s Total Addressable Market across TVL, unique interacting wallet, volumes, and integration with partner dApps. As demand for zk-blockchains and proximity to Ethereum rises, users and builders will increasingly look to zkEVM solutions to build and trade.โ€

Uniswap isnโ€™t the only DeFi protocol to deploy on Polygon zkEVM. Aave, one of the oldest and most battle-tested DeFi platforms, has also voted in favor of deploying on Polygon zkEVM.

On the Flipside

  • There isnโ€™t a timeline for Uniswap integration yet.

Why You Should Care

Polygon zkEVM is one of the two zkEVMs live on Ethereum mainnet. Integrating Uniswap would allow users to swap and provide liquidity cheaply.

Read more about Aave deploying on Polygon zkEVM:

Polygon zkEVM TVL Soars 250%, Aave Votes to Deploy on Network

Read more about the ETH price action after the Shanghai upgrade:

ETH Tops $2,100 Despite Withdrawals Outpacing Deposits After Shanghai Upgrade

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.

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