trade now
Binance Coin (BNB)BlockchainCryptocurrencyDeFiNewsUniswap (UNI)

Uniswap Appoints Wormhole As Designated Bridge To BNB Chain After Winning Community Vote

Decentralized exchange platform Uniswap, announced the result of its recent vote to determine the designated bridge to deploy its Version 3 platform on the Binance Chain. 

The winner of this community voting process, with a substantial margin, is Wormhole.

Wormhole Carries Majority Of Votes

Uniswap is set to deploy its version 3 platform on Binance Chain before its business source license expires this year. 

The platform aims to sustain its spot as the leading decentralized exchange by subsequently updating its infrastructure and collaborating with other blockchain networks. 

In this vein, Uniswap sought out a bridge to Binance Chain, a reputable blockchain network, to expand its reach and provide more opportunities for its users.

To determine this bridge, Uniswap conducted a voting process among its community members, allowing them to choose between various potential candidates. 

The requirements for these candidates included their technical capabilities, security measures, and user experience. 

After a month-long voting period, the outcome placed Wormhole with the majority of the votes, and LayerZero coming in second place.

📰  South Korean Legislators Allocates $51 Million to Metaverse Projects

Blockchain infrastructure provider Wormhole, received applause for its swift and secure transaction processing capabilities. 

Its integration with Uniswap will enable users to transfer their assets between blockchains bypassing centralized exchanges. 

This will introduce users to a variety of assets and trading pairs, improving user experience.

LayerZero, which came in second place, has recently been criticized for under-publicized security risks. 

Despite this, the platform received a significant number of votes, indicating that it still has a strong user base and followership. 

However, Uniswap opted for Wormhole after considering LayerZero’s security concerns.

Big Development on Uniswap

The deployment of Uniswap on Binance Chain is a significant milestone for the platform. 

Binance Chain holds its reputation for its speed, low fees, and strong security measures. 

This will enable Uniswap to provide a more efficient and secure trading experience for its users. 

This integration also provides users access to Binance’s ecosystem of decentralized applications.

Uniswap’s decision to integrate with Binance Chain has been welcomed by the cryptocurrency community. 

📰  CBDC Could “Crowd Out” Crypto: Ex-Biden Advisor

The integration will provide users with more options for trading and asset management, and also expand the reach of Uniswap. 

This move is expected to drive further growth for the platform and increase its user base.

The integration with Wormhole will provide users with a more efficient, secure, and accessible trading experience. 

Despite the bear market and market crisis, there are still records of growth-fostering developments taking place in the crypto space to keep the industry moving and forging ahead.

The deployment of Uniswap on Binance Chain will advance the firm’s reach to other networks and provide users with access to a wider range of digital assets and decentralized applications. 

The cryptocurrency community is anticipating the launch of Uniswap version 3 on Binance Chain, and this will positively impact the platform. produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

📰  Crypto Gaming Immutable Trimming 11% of its Workforce Cites Cash Reserve Maintenance

📰  CBDC Could “Crowd Out” Crypto: Ex-Biden Advisor

Jimmy Kelly

Jimmy is one of the news journalists for Tokenhell. He is a big crypto enthusiast and bought his first crypto token way back in 2015! Jimmy publishes updates about crypto tokens, events, price analysis and regulation among many other subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content