Uniswap to Launch DEX Services on Polygon

Written By Guest User

  • The Uniswap ($UNI) governance protocol has voted to allow all Uniswap V3 contracts to deploy on the Polygon ($MATIC) mainnet. The move onto the Polygon network should significantly reduce transaction fees and overall congestion when using Uniswap which currently is deployed on the Ethereum layer 1 network.

  • A co-founder of Polygon, Mihailo Bjelic, stated that “Ethereum introduced a noble vision of an open, borderless economic system accessible to everyone. With the increased usage, fees on Ethereum layer 1 have effectively priced out most of the users. With this deployment, Uniswap as the flagship Ethereum application returns back to the original vision and again offers low fees and open access to everyone.”

  • Uniswap is currently the largest decentralized exchange in terms of trading volume. It is deployed on two layer 2 scaling solutions, Arbitrum and Optimism, as well as the base Ethereum layer.

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