In an announcement on Dec. 22, Uniswap Labs noted that it experienced launched the DEX on the Polygon community.
Polygon co-founder Mihailo Bjelic submitted a proposal to Uniswap governance in November to deploy Uniswap v3 on Polygon, and it was voted in final 7 days.
It experienced mind-boggling support, with more than 72 million UNI tokens pledged as a vote for the proposal, which has now passed. Just 500K UNI tokens ended up pledged as a vote in opposition to the proposal when voting finished on Dec. 18.
1/ We’re enthusiastic to announce v3 has been deployed on @0xPolygon! 🚨
As a main scaling resolution, Polygon offers reduced gas charges and speedy transactions, with more than 3000 programs hosted and 1B transactions processed! 🚀 pic.twitter.com/bzRRkqDJuk
— Uniswap Labs 🦄 (@Uniswap) December 22, 2021
End users can now swap tokens on Uniswap applying the Polygon layer two network, which offers faster and cheaper transactions. Polygon has just declared a partnership with the Opera browser.
Uniswap Retains Rising
Uniswap is continue to king of the DEXes, with a marketplace share by quantity of 76.8% about the previous 7 days, according to Dune analytics. It has processed $16.4 billion in excess of the previous seven days and $1.8 billion in the previous 24 several hours.
In phrases of regular volumes, Uniswap processed $83.8 billion in November, way in advance of its closest rival and former clone, SushiSwap, with $7.9 billion for the month. According to DeFiLlama, there is $8.98 billion in total benefit locked on Uniswap. In addition, it has surged by 311% considering that the commencing of this yr. The DEX is ranked 9th in the DeFi TVL charts, just under Compound Finance.
In phrases of system charges generated, Uniswap is second only to Ethereum itself, with $4 billion created in common 7-day charges according to Cryptofees.
The native token, UNI, has attained 10.7% on the day to achieve $17.02, according to CoinGecko. Nonetheless, UNI has been strike challenging since its May all-time significant of $44.92, acquiring dumped 62.7% from that peak.
Previously this thirty day period, Uniswap introduced Vehicle Router Aid on layer 2 networks in order to enhance token swaps when supplying fuel financial savings.
MATIC at ATH
Polygon’s native token, MATIC, has fared considerably far better this yr. It strike an all-time large of $2.70 through the Thursday early morning Asian investing session and is presently a contact underneath that stage.
More than the previous week, MATIC has surged an outstanding 26.4%, and on the month, the token has created 72%. The Polygon token is a single of this year’s finest-carrying out cryptocurrencies, with a whopping obtain of 15,320% considering that January 1.
It is at the moment rated at 14th in the industry cap charts with $18.4 billion.
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