The Uniswap community has been eagerly awaiting the launch of Uniswap v3 on the zkEVM, and it seems they won’t have to wait much longer. The proposal to integrate Uniswap v3 on the zkEVM has already reached the 40 million vote threshold needed for it to pass. As of April 13, over 42.4 million votes have been recorded in favor of the integration.
The zkEVM, or zero-knowledge Ethereum Virtual Machine, is a layer-2 scaling solution that allows smart contracts to be executed off-chain. This means that transactions can be processed faster and at a lower cost than on the Ethereum mainnet. By launching Uniswap v3 on the zkEVM, Uniswap hopes to improve the user experience and make trading on the platform more accessible to everyone.
Uniswap v3 is the latest version of the popular decentralized exchange, which allows users to trade cryptocurrencies without the need for an intermediary. It was launched on the Ethereum mainnet on May 5, 2021, and has since become one of the most popular decentralized exchanges in the world. Uniswap v3 introduces several new features, including concentrated liquidity and multiple fee tiers.
The proposal to integrate Uniswap v3 on the zkEVM was put forward by the Uniswap community, and voting began on April 6. Tokenholders were given a week to cast their votes, with the voting period ending on April 14 at 9:05 pm UTC. However, it seems that the proposal has already gained enough support to pass, with over 42.4 million votes recorded in favor of the integration.
The integration of Uniswap v3 on the zkEVM is expected to bring several benefits to the Uniswap ecosystem. By using the zkEVM, Uniswap will be able to process transactions faster and at a lower cost, which will make trading on the platform more accessible to everyone. Additionally, the integration will allow Uniswap to scale more efficiently, which will help to address some of the scalability issues that have been plaguing Ethereum in recent months.
Overall, the integration of Uniswap v3 on the zkEVM is a significant development for the Uniswap community. It represents a major step forward in the evolution of decentralized exchanges and could help to make trading on Uniswap more accessible and efficient than ever before. With the proposal already having gained enough support to pass, it seems that the community is eager to see what the future holds for Uniswap and decentralized finance as a whole.
