Uniswap, a decentralized exchange that offers financial services based on the Ethereum blockchain, has officially launched on Binance Smart Chain (BNB) after a successful proposal vote. The proposal was put forward by Plasma Finance’s CEO, Ilia Maksimenka, and was passed on Feb. 10.
Benefits of Binance Smart Chain
The BNB Chain offers numerous benefits, including a growing user base, low fees, and fast transaction times. It also has a dedicated and thriving community, making it an excellent platform for protocols seeking larger audiences to grow.
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With Uniswap now available on Binance Smart Chain, users can benefit from the perks of the BNB Chain. They can now perform trades with lower fees and faster transaction times while enjoying a broader audience reach. Robert Leshner, the founder of Consensys and Compound Finance, cast the most votes for the proposal.
Uniswap’s launch on Binance Smart Chain is a significant milestone in the DeFi industry. The move is expected to drive greater adoption of decentralized exchanges while promoting the growth of the Binance Smart Chain ecosystem. It also demonstrates the increasing demand for cross-chain interoperability and the potential for protocols to work together to improve the overall DeFi experience.
