Uniswap Community Voting on Moonbeam, Gnosis Chain Deployment


Key Takeaways

  • New governance proposals in the Uniswap community would deploy the app on Polkadot’s Moonbeam parachain and Gnosis Chain.
  • The first proposal notes several advantages of working with Polkadot, including high developer activity and a strong community presence.
  • Uniswap currently is leads the way for decentralized exchanges on Ethereum, but has yet to expand to other blockchains.

Share this article

Community voting is underway to decide if Uniswap, Ethereum’s most popular decentralized exchange, will deploy on Moonbeam, Polkadot’s first parachain, and on Gnosis Chain. Uniswap has deployed on several Layer 2 scaling solutions, including Arbitrum, Polygon, and Optimism, but it has yet to expand outside of the Ethereum ecosystem.

Uniswap on Polkadot

Uniswap may broaden its horizons if a new governance proposal is any indication.

Voting has begun within the Uniswap community on a governance proposal to deploy the popular decentralized exchange on Moonbeam, a Polkadot parachain powering DeFi applications. The voting went live on May 12 and, according to Uniswap Labs’ official Twitter feed, ends tomorrow, May 19.

Voting is also underway on a similar proposal that would launch Uniswap on Gnosis Chain; that vote is scheduled to end May 20.

While Uniswap is one of the most successful apps on Ethereum and has expanded its reach to include Polygon, Arbitrum, and Optimism, it has yet to make any moves outside of the Ethereum ecosystem. If the proposal is approved, it would be a major step in broadening Uniswap’s potential market.

According to the first proposal, a successful launch on Moonbeam would mean access to the larger target market of Polkadot users, which has remained largely discrete from Uniswap users. Moonbeam, it notes, is the “de facto DeFi hub for Polkadot,” and the stated aim of the proposal is to become its primary liquidity hub and automated market maker. Gnosis chain, meanwhile, has been targeted as “a DeFi ecosystem primed for growth.” In both cases, the proposals intend to solidify Uniswap as the premier player in the multichain DeFi space.

Moonbeam features EVM compatibility, making it a convenient entry point for Ethereum developers looking to expand to Polkadot. This is in keeping with the proposal’s stated ambition of making Uniswap into the leading multichain exchange on the market:

“Moonbeam is a Polkadot parachain which features EVM-compatibility, allowing it to serve as a port-of-entry for Ethereum-native apps to participate in the greater Polkadot ecosystem. Deploying on Moonbeam will expand the Uniswap community to include users of the Polkadot ecosystem, helping Uniswap on its journey to become a leading product in the multichain world.”

Despite Polkadot’s somewhat languid performance in the market, the proposal expresses a certain faith in the project, citing its consistently high developer activity and a community that has grown in tandem with Ethereum’s.

The proposal states that, if successful, deployment would take place approximately three to four weeks after the vote.

Disclosure: At the time of writing, the author of this piece owned ETH, DOT, and several other cryptocurrencies.

Share this article





Source link

Related articles

Amazon’s Echo Pop and Dot audio system are already on sale for Prime Day

The Echo Pop and Echo Dot are Amazon’s entry-level sensible audio system, and each are at the moment on sale forward of Amazon’s October Prime Day (aka Prime Large Deal Days), which formally...

Why Crypto Is Going Up? XRP, Bitcoin, Ethereum and Dogecoin Costs Lead Surge As we speak

The cryptocurrency market is experiencing a sturdy restoration right this moment (Monday), with Bitcoin (BTC) climbing again above $113,000 and complete market capitalization reaching $3.86 trillion amid a broad-based rally throughout main digital property. Bitcoin has gained...

Bitcoin Turns Bullish 3 Causes Why $120K May Be Subsequent

Key takeaways:Clearer digital asset regulation, highlighted by this week’s high-profile SEC–CFTC roundtable, might strengthen investor confidence.A short lived decision of the looming US authorities shutdown might ease danger aversion and increase Bitcoin worth.Labor...

US Greenback Bears Goal 97.5 Assist as Shutdown Threat and Knowledge Uncertainty Mount

US greenback faces near-term stress from authorities shutdown danger and political uncertainty. Key financial knowledge releases will information Fed choices and affect DXY strikes. Technical resistance at 98 might cap positive factors, whereas help at...

The Weekly Notable Startup Funding Report: 9/29/25 – AlleyWatch

The Weekly Notable Startup Funding Report takes us on a visit throughout numerous ecosystems within the US, highlighting a few of the notable funding exercise within the numerous markets that we observe. The...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com