Over 99% of the votes were in favor of the introduction of the DEX Polygon.
This is what awaits you in this article
The central theses
- The popular decentralized exchange Uniswap was deployed on Polygon, a Layer 2 network for Ethereum.
- The proposal was passed with over 99% of the vote and $ 2.4 million has already been banned from Uniswap’s Polygon deployment.
- Polygon’s MATIC token arrived on Wednesday All time high from $ 2.66.
, one of Ethereum’s largest decentralized exchanges, was deployed on the Layer 2 network Polygon.
Uniswap Now on polygon
Uniswap, one of the largest decentralized exchanges on Ethereum, was launched on Polygon.
Polygon founder Mihailo Bjelic stated on Wednesday that Polygon the “second strongest DeFi-Ecosystem “according to. has Ethereum itself. “Polygon has grown exponentially by pretty much all major metrics.“He noted, adding that Polygon has 126 million users, 1.22 billion transactions, and a locked value of $ 5.2 billion.
In his original Uniswap proposal, Bjelic also said that Polygon is “aligned with” Ethereum and its values ”and” battle-hardened “. He noted the benefits, including potential savings for users, and said Polygon can help “return to the original DeFi vision”.
Bjelic has also said that Uniswap can incentivize adoption and will allocate up to $ 20 million to that end. This amount includes $ 15 million specifically for liquidity mining rewards.
Uniswap The owners voted to accept the proposal on December 18th 99.3% Support. 72 million votes were in favor of the proposal, while around 500,000 were against.
Ethereum dominates Uniswap deposits
Ethereum has been plagued by high fees and long transaction times in the past. Although Ethereum 2.0 aims to solve these problems in the future, Polygon, as a Layer 2 network, may in the meantime outsource some of these transactions.
Despite its problems, Ethereum still dominates Uniswap deposits and accounts with a blocked value of $ 4.3 billion. Other Layer 2 networks on which Uniswap was up significantly less – Arbitrum and Optimism brought in just $ 62.3 million and $ 36.9 million in frozen funds, respectively.
Uniswap’s Polygon version has only attracted a fraction of those amounts right now, with $ 2.9 million locked down. It is likely that this amount will continue to rise in the coming days and weeks.
Polygon is gaining popularity
The news came just as the web browser company Opera (NASDAQ 🙂 announced that it would support decentralized applications on Polygon.
It also comes days after Reddit co-founder Alexis Ohanian’s VC firm announced a $ 200 million fund for social media and Web3 development that is linked to Polygon is offered.
Polygon’s token is currently the 14th largest Cryptocurrency with a Market capitalization of $ 18 billion. The news of the Polygon launch correlated with MATIC prices hitting an all-time high of $ 2.66 on Wednesday.
Source: Crypto News Deutsch