Uniswap V3 Launches on Polygon's zkEVM

Uniswap V3 Launches on Polygon's zkEVM

Uniswap V3 is set to launch on the Polygon Zero Knowledge Ethereum Virtual Machine rollup, also known as "zkEVM." Polygon zkEVM is a new zk-rollup that provides Ethereum Virtual Machine (EVM) equivalence for a transparent user experience and existing Ethereum ecosystem and tooling compatibility. As an Ethereum Layer Two, it uses Zero Knowledge proofs to inherit Ethereum's core safety while allowing developers to easily deploy existing EVM codebases. Polygon's zkEVM testnet has been running for the past six months and has accumulated over 84,000 wallets, 75,000 ZK proofs, and 300,000 blocks. The deployment has been audited multiple times, by auditors including Spearbit and Hexens.

Polygon is by far the most adopted scaling effort in the Ethereum ecosystem, with 3,000+ applications hosted, 1B+ transactions processed, 100M+ unique user addresses, and ~$5B+ in assets secured.

Deploying on zkEVM helps solidify Uniswap's place as the number one DEX and a thought leader. Importantly, 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, it's only natural to make its deployment on Polygon zkEVM a priority.

The proposal has received a total of 9,445 votes, all of which are in favor of launching Uniswap V3 on Polygon zkEVM.

Subscribe to our weekly DAO newsletter and follow us on Twitter to stay up to date with important DAO news and knowledge. Contact us at contact@daotimes.com to pitch a story or share your thoughts. Let's build the future of decentralized organizations together.

Check BTC Peers guide of the most promising crypto

Read more