- Uniswap has finally gone live on the BNB Chain.
- Users can now benefit from this cross-chain functionality.
- Enjoy trades at a much lower transaction fee
Many in the crypto space expressed excitement upon hearing that Uniswap has finally gone live on BNB Chain. Users on the BNB Chain network can now enjoy swapping their tokens and cryptocurrencies at a much lower fee.
Uniswap’s expansion to BNB Chain, the smart contract blockchain developed by Binance, is now operational after receiving the support of a majority of voters in February. Uniswap began its journey on the Ethereum network and has now begun cross-chain functionality.
This move is expected to increase user growth, tap into new geographical markets, and lower fees, while also enhancing Uniswap’s ability to serve users in the Web3 space and increase liquidity.
More so, this integration also allows Uniswap to leverage BNB Chain’s DeFi developer community and increase awareness and adoption among retail and institutional investors. Now Uniswap users can seamlessly begin swapping BNB Chain-based tokens.
As we can see from responses to the tweet, the majority of the crypto community is ecstatic by this news. To see that BNB Chain is now integrated with one of the most popular and safest decentralized exchanges (DEX) in web3 has delighted the community.
Similar to Polygon and Arbitrum, BNB Chain also offers a much faster and cheaper option for transactions in comparison to the Ethereum mainnet. Ultimately, this move has made Uniswap much more accessible to the global masses.
Additional replies to the tweet made by Uniswap show that many users have already begun accessing Uniswap via BNB Chain. Many share their congratulations and thank both parties for continuously putting the community first.
Finally, the expansion aligns with the decentralized finance (DeFi) industry’s goal of greater accessibility and cross-blockchain compatibility and is expected to drive the growth of both Uniswap and BNB Chain.
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