Uniswap V3’s BNB Chain venture could spur this race for market share

Uniswap officially announced its deployment on BNB Chain Integration means protocol will take portion of PancakeSwap’s market share Considered the world’s largest Decentralized Exchange (DEX), Uniswap’s V3 has now been deployed on the BNB Chain. According to its 15 March disclosure, the integration would allow tokens under the Binance-founded smart contracts blockchain to be swapped […]

, same as PancakeSwap’s. This, after several Centralized Exchanges halted USDC trading after its parent company was exposed to a recent bank collapse.Nonetheless, BNB Chain’s leadership seems to have no problem operating with both exchanges. In fact, according to itsFurthermore, the statement also referred to the potential of increasing liquidity and accessibility for users on the chain. Similarly, BNB Chain’s Director of Growth considered the collaboration a welcome development.

“We are delighted to see Uniswap’s continued commitment of delivering value to its users and building for the future of decentralization.”Meanwhile, reaction from the Uniswap community has been one of elation. Many are optimistic that it would only make the protocol’s ecosystem stronger.

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