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Uniswap’s Governance Upgrade Sparks 74% Surge In UNI Price

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Uniswap (UNI) has emerged as the highest-gaining cryptocurrency after its price soared by over 74% in the last 24 hours, according to data from CoinMarketCap. This massive jump also comes with an unbelievably huge increase in trade volume, soaring by an astounding 1752%. Consequently, UNI has secured its position as the top gainer in the crypto market.

As of the latest data available, the price of UNI is exchanging hands at $12.70, reaching its highest point in 23 months. At the same time, volumes within 24 hours have touched an impressive $7.17 billion, with a market capitalization capped at $7.60 billion.

UNI 1D graph coinmarketcap
Source: CoinMarketcap

Furthermore, UNI has gained over 73% in the last week and an astonishing 112% higher on a monthly time frame; massive gains are also prolonged outside of the daily time frame.

Further analysis by Etherscan shows interesting activity, as one major wallet withdrew 43,435 UNI tokens ($309k) from Binance immediately before the UNI price went into an upward spiral. In just one day, this wallet now holds 369,251 UNI tokens ($4.1M), displaying a monster gain of $1.48M.

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Uniswap's Governance Upgrade Sparks 74% Surge In UNI Price 3

Driving Force Behind The Uniswap Price Surge

This surge is attributed to Uniswap’s latest proposal. The upgrade is designed to strengthen governance involvement, improve resilience, and recognize token holders for their active participation in the Uniswap ecosystem.

A fee mechanism to incentivize UNI token holders who stake and delegate their tokens is central to the proposed upgrade. According to the announcement, actively engaging in governance enables token holders to earn extra rewards through protocol fees.

Moreover, the proposed upgrade aims to strengthen Uniswap Governance alongside the increased rewards, enhancing its resilience and decentralization. Erin Koen, the UF Governance Lead, underscores the significance of decentralized, resilient governance for the Protocol’s long-term health and success. 

Erin Koen further stated that: 

I’m excited to engage with the community to discuss the implications of these proposed changes, our rationale in making these design choices, and, in general, the future of the Uniswap Protocol. 

Related Reading |  Reddit’s Big Move with Bitcoin & Ethereum 

dYdX Crushes Uniswap’s Dominance with $757M Volume

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An era draws to an end. There is a new DEX king. The dYdX Chain, based on Cosmos, has emerged as the new authority of decentralized exchanges [DEX]. Surpassing the established Uniswap, the DEX Chain’s version 4 [v4] achieved a remarkable 24-hour trading volume of $757 million, outpacing Uniswap v3, which recorded $608 million in the same period. This marks a major shift in the DEX landscape.

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dYdX Crushes Uniswap's Dominance with $757M Volume 5

The momentum leading up to this milestone began a day earlier when dYdX Chain’s trading volumes surpassed those of its v3 after two months. Over 31 epochs, more than 70,000 dYdX v3 users earned approximately 185 million, engaging in activities such as trading, market making, and staking. The success can be attributed to various factors, including user rewards and a focus on achieving 10x outcomes by the platform builders.

David Gogel, Head of Growth & Operations at the DEX, highlighted the significance of community control, empowering traders, liquidity providers, and partners to collectively shape the protocol through over 30 governance proposals. This collaborative effort resulted in a staggering $1 trillion in trading volume on dYdX v3, emphasizing the strength of the dynamic ecosystem.

Governance proposals for dYdX v3 are often centered on emission reduction and reward optimizations. Notably, the community decided to enhance the utility of the governance token by adopting DYDX as the L1 token. Additionally, the transition involved bridging tokens from the Community and Rewards Treasuries, leading to a complete shift in rewards from v3 to the DEX Chain.

dYdX’s Rise To Power

With the implementation of DIP 29, trading and liquidity provider rewards on v3 have been reduced to zero. Meanwhile, traders now have the opportunity to receive up to 90% of fees paid back as trading rewards, along with incentives from the 6-Month Launch Incentives Program. It has quickly made waves, becoming the largest DEX by volume with $18 billion in cumulative volume and an impressive $1 billion+ all-time high in daily volume.

Additionally, there are 43 million USDC deposited as collateral, and over 70% of the total ethDYDX supply has been bridged, with 76 million DYDX tokens staked to validators, offering double-digit annual percentage rates [APRs] in USDC for validators and stakers.

BitPay Diversifies: Unveils Support For Uniswap, Chainlink, & BNB In Payments

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To increase accessibility and ease of use in cryptocurrency payments, BitPay, initially a Bitcoin payments startup, has announced support for “dozens” of additional cryptocurrencies. The Atlanta-based company, founded in 2011, has been gradually expanding its platform to include various digital assets, moving beyond its initial focus on Bitcoin.

At its peak in 2020, BitPay processed 90% of its payments in Bitcoin. However, the recent developments indicate a strategic shift towards diversification. BitPay has successfully raised over $70 million in funding from notable firms such as Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth, underscoring the growing interest in the cryptocurrency space.

Recently, Litecoin (LTC) has emerged as a frontrunner in BitPay’s payment processing service, constituting an impressive 38.25% of all transactions, according to data released by the Litecoin Foundation. This development coincides with Litecoin hitting a new all-time high, further solidifying its prominence in the crypto payment ecosystem.

BitPay Customers Splurge On Gucci, Ralph Lauren, & AMC Theatres

BitPay CEO Stephen Pair emphasized the company’s commitment to making crypto payments accessible to a broader audience. In a statement, Pair said: “These updates and all of the newly supported assets mark an invitation to crypto customers: pay for what you need and splurge on what you want.”Customers of BitPay can currently utilize various cryptocurrencies to purchase goods from renowned merchants such as Gucci, Ralph Lauren, and AMC Theatres.

Additionally, the platform enables users to make essential payments like car and mortgage payments, expanding the practical applications of cryptocurrency in daily life. The company has also announced upcoming support for Cronos and Basic Attention Token, signaling its continuous efforts to stay at the forefront of the evolving crypto landscape. This move aligns with a broader trend observed among web3 companies, which are actively working to simplify the accessibility and utilization of tokens beyond Bitcoin.

BitPay’s expansion to include support for a diverse range of cryptocurrencies reflects the industry’s ongoing efforts to overcome barriers and make digital assets a mainstream means of transaction. Last year, the Bitcoin payments app Strike similarly broadened its horizons by incorporating support for Tether’s USDT stablecoin, underscoring the dynamic nature of the crypto payments sector.

Related Reading | Bitcoin ETF Showdown: BlackRock’s 12-Month Fee Twist

Uniswap X Achieves $1 Billion In Trades, New Fillers Reshape Market Dynamics

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In a recent development, prominent crypto journalist Colin Wu, through a Wublockchain X post, recently uncovered a significant achievement regarding Uniswap X. The decentralized and open-source protocol, enabling trades across Automated Market Makers (AMMs) and diverse liquidity sources, has marked a remarkable milestone. Since its inception in July of this year, the platform has surged past a substantial threshold, accumulating a cumulative trading volume that exceeds $1 billion.

The trading ecosystem on Uniswap X has long been dominated by major market makers Wintermute and Tokka Labs, consistently accounting for 60%-80% of the daily trading volume. However, a noticeable shift is emerging with the advent of new players in the prevalent Defi market landscape.

Uniswap X New Entrant Reshapes Platform Dynamics

A recent development has witnessed a newly onboarded Filler on Uniswap X quickly ascending to the top spot within the past month, shaking up the established order and introducing a fresh dynamic to the platform. Currently, the platform boasts 15 active Fillers, with an additional 4 in onboarding. This surge in participation has led to a burgeoning competition among Fillers, prompting discussions on the optimal number required to ensure competitive pricing and expedited transaction speeds.

Notably, a newly introduced Filler disrupted the norm by seizing over 50% of the trading volume since its integration, significantly reducing the market share of the second-ranked Filler from its initial 90% at launch to roughly 20%. The third-ranked Filler also commands a similar share of around 20% of the total trading volume, emphasizing the dominance of market makers among the top performers.

Furthermore, there have been observable actions among token holders capitalizing on price surges. According to Lookonchain data, user stevu.eth withdrew substantial UNI tokens from Binance, accumulating holdings valued at $3.18 million.

Amidst a recent bullish wave in the crypto market, Uniswap’s native token (UNI) has emerged as one of the top-performing coins. Over the past week, UNI’s price surged by approximately 24%, elevating it from roughly $5.09 to $6.35.

This upward trajectory pushed UNI’s market valuation to $4.8 billion, marking its highest since August. The decentralized finance (DeFi) ecosystem has continued to flourish. According to CoinMarketCap’s data, as of November 2023, the total market capitalization of DeFi amounts to $66.09 billion.

The DeFi market took 14 months to achieve this valuation following the earlier DeFi bubble in 2022. This illustrates the resilience and growth potential of DeFi despite market volatility. This trend reflects the growing adoption of DeFi in mainstream markets and the continual advancement of innovative DeFi products and services.

Uniswap’s Bullish Ascent: 87.56% Holders ‘Out of the Money,’ Investors Brace For A Breakout

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Recently, Analyst Ali has stirred up excitement within the cryptocurrency community, suggesting that a major breakout may be on the horizon for Uniswap (UNI). With a whopping 87.56% of UNI holders currently positioned “Out of the Money,” investors are nervously anticipating a significant price movement.

Despite the uncertainty that has engulfed UNI investors in recent times, the selling pressure seems to have reached its exhaustion point. The cryptocurrency has managed to establish a vital support floor around the $4 mark, instilling a glimmer of hope among the faithful.

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What’s piquing the interest of the crypto community is the surge in large UNI transactions. This surge indicates a heightened interest from institutional players and UNI whales at the current price levels. Speculation is rife that they may be strategically positioning themselves or considering significant investments in anticipation of an imminent Uniswap breakout.

Nevertheless, it’s not all smooth sailing for UNI. While the cryptocurrency has managed to create a substantial support base at $4, there are still two significant supply walls to surmount before signaling a bullish breakout. The first hurdle lies at $4.23, with a staggering 7,000 addresses holding 14.24 million UNI, and the second obstacle is at $4.45, where 2,000 addresses collectively possess 10.28 million UNI.

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GMX & dYdX Challenge Uniswap’s Dominance

Previously, a noteworthy prediction emerged from Cosmo Jiang, a portfolio manager at digital assets investment firm Pantera Capital. Jiang has ventured to forecast that decentralized perpetual trading platforms GMX and dYdX are poised to outperform Uniswap, ultimately diverting value from UNI.

Jiang’s reasoning centers on the clarity of token value accrual mechanisms. He posits that Uniswap’s new fee structure may favor stakeholders more than users and token value should derive from sources beyond such fees.

As a fundamentals-focused investor, Jiang underscores his bullishness on trends favoring decentralized exchanges, taking market share from centralized exchanges and perpetual futures, and gaining prominence over spot trading.

In Jiang’s words, “The UNI news just makes me even more bullish on perp tokens that do have fundamental value.” This declaration underscores a shifting sentiment within the DEX ecosystem, where investors increasingly scrutinize the fundamentals and long-term value of tokens.

However, with the tides of Uniswap’s fate shifting, the crypto world awaits with bated breath to witness whether these predictions will come to fruition, potentially reshaping the landscape of decentralized exchanges and their associated tokens.

Related Reading | LastPass Breach Shakes Crypto World: $4.4 Million Stolen In Recent Hack

Uniswap Scam Token Accusations Fall Flat with Judge’s Dismissal

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On August 30th, the United States District Court for the Southern District of New York rejected the lawsuit against Uniswap (decentralized exchange), its CEO, and its backers in the world of venture capital.

The legal action had been initiated by six individuals who had purchased tokens on Uniswap that they asserted were fraudulent, during the period from December 2020 to March 2022. The individuals who brought the lawsuit alleged that they suffered financial losses due to investing in liquidity pools that were managed and generated by Uniswap‘s smart contracts.

This collective legal complaint, known as a class action, was officially lodged in April 2022. The plaintiffs sought compensation under the 1933 Securities Act, which is the same legal framework employed by the U.S. Securities and Exchange Commission (SEC) to target cryptocurrency companies.

Uniswap Legal Battle Ends: Crypto Case Dismissed

However, Judge Katherine Polk Failla pointed out that both Uniswap and the plaintiffs were unaware of the scammers’ identities responsible for the issuance of counterfeit tokens. Interestingly, this same judge is overseeing the SEC vs. Coinbase legal battle. Notably, the judge also affirmed that Ethereum is categorized as a commodity rather than a security. She emphasized that the lawsuit had no connections to securities laws.

“The Court chooses not to stretch the scope of federal securities laws to encompass the alleged actions, and concludes that the concerns raised by the Plaintiffs would be better suited for Congress rather than this Court.”

Onlookers and advocates within the industry remarked that this demonstrates a profound comprehension of the decentralized finance (DeFi) landscape. Stephen Palley, a Partner at Brown Rudnick, remarked: “Although this isn’t a case centered around product liability or negligence, it does touch on analogous matters: the foreseeability of harm, accountability for misuse by third parties, and the resulting damages.” He further suggested that cases like this will play a significant role in future legislative discussions over the next decade.

Bill Hughes, a lawyer associated with ConsenSys, expressed: “This is a substantial development. While I’m still analyzing the verdict, it has a more direct impact on applying existing securities laws to the realm of DeFi than the cases involving Ripple or TerraForm Labs.” He went on to elaborate, “The mere fact that Uniswap provided the platform on which the creators of the fraudulent tokens executed their scheme does NOT establish Uniswap’s responsibility for the fraud and subsequent harm, particularly within the context of U.S. securities laws.”

Uniswap is flooded with counterfeit tokens; however, due to its decentralized nature, it cannot be held accountable or deemed responsible for their presence.

ChatGPT Crypto Price Analysis – Polygon, Uniswap, Pomerdoge

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We recently asked ChatGPT about the prospects of three intriguing cryptocurrencies: Polygon (MATIC), Uniswap (UNI), and Pomerdoge (POMD). The answers it provided us were stunning. This post will offer insightful information on all of these cryptocurrencies, whether you’re an experienced trader or a curious newbie.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Polygon (MATIC): Scaling the Ethereum Network

Polygon (MATIC) has garnered significant attention for its innovative approach to solving Ethereum’s scalability issues. With its Layer 2 scaling solution, Polygon aims to enhance the user experience and reduce congestion on the Ethereum network.

On August 4, the roll-up’s daily transactions for Polygon zkEVM topped 122,000, setting a new record for the platform. However, ChatGPT also pointed out that Polygon crypto holders are struggling. 

To clarify, the Polygon price decreased by 7.3% in the past 14 days. In fact, this bearish trend has continued as it trades hands at $0.6687, down 0.35% overnight. With all its moving averages in the red, ChatGPT states that Polygon may not rise anytime soon. 

Uniswap (UNI): Continues Struggling 

Uniswap (UNI), a leading decentralized exchange (DEX), has emerged as a cornerstone of the decentralized finance ecosystem. As users seek more control over their assets and transactions, DEXs like Uniswap offer a viable alternative to centralized exchanges.

In recent Uniswap news, it was revealed that Uniswap attempted to remove the v4 fork’s source code from the GitHub open-source development system. Moreover, Uniswap founder Hayden Adams stated that this v4 fork attack was unnecessary. 

As a result, the Uniswap coin price fell by 1.07% overnight, sinking to $5.85. Furthermore, all its moving averages and technical indicators are in the red. Thus, ChatGPT claims that Uniswap will continue this downward trajectory. 

Pomerdoge (POMD): A Glimpse Into Play-to-Earn

More than 3B people spend their time online playing video games, and Pomerdoge (POMD) has taken notice. Pomerdoge is not just another cryptocurrency; it’s a Play-to-Earn (P2E) gaming token that brings a novel approach to blockchain-based entertainment. 

Pomergame: Uniting Blockchain and Gaming

Pomergame is a thrilling gaming experience powered by blockchain technology. In other words, it allows players to earn cryptocurrency while engaging in interactive and competitive gameplay. 

ChatGPT also states that one of the standout features of Pomerdoge is its unique virtual world known as the Pomerplace. This dynamic ecosystem serves as both a marketplace and an arena for players. Imagine battling other players’ Pomerdoges in the arena, with the stakes being valuable tokens and items. 

Central to the Pomerdoge ecosystem is the POMD token. This native cryptocurrency is the game’s lifeblood, allowing players to engage in various in-game activities and transactions within the Pomerplace. 

Presale Perks and Beyond

Pomerdoge is also offering a collection of 7,777 unique NFTs. These NFTs come with a touch of mystery, as the benefits of owning them are being kept under wraps until closer to the launch. What’s clear is that owning POMD tokens is the key to accessing these exclusive NFTs. Thus, creating an exciting incentive for early investors and participants.

Currently, one POMD token has a value of only $0.007 as it is in Phase One of its presale. However, due to high demand, many experts foresee a 17x jump before its presale ends. Do not miss out on this potential blue-chip token; sign up for it below. 

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/ 

Telegram Community: https://t.me/pomerdoge 

Uniswap Founder’s Security Scare: Twitter Account Restored After Hack

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Uniswap founder Hayden Adams had a major security scare after hackers took over his Twitter account to promote scams. On July 20, the “Web3 Security Alerts” channel on Telegram notified users of the incident when a tweet came out of the compromised account claiming that the platform’s Permit2 contract had been “affected by an unknown exploit” and users’ tokens were at risk, encouraging them to click on a malicious link.

Although the initial fake tweet was deleted after a brief period of time, several virtually identical tweets quickly spread to Adams’ more than 254,000 followers. Later, users of Twitter could still access many of them. According to the Telegram channel, the creator of Uniswap was also denied access to his Coinbase Wallet and MetaMask accounts.

The official Twitter account of the DEX swiftly reacted and released a public statement that said,” Please do not click on any links. There is no giveaway, airdrop, or bounty. The Protocol has not been hacked or exploited. We will let you know when the issue is resolved.”

Adam’s Twitter account was reinstated as of the time this story was being written. While an official update on the issue is anticipated, it should be noted that Uniswap’s fundamental protocol or its features are unaffected. Users were advised not to follow any links from Hayden’s account during the hacking time, and the team promised to keep them informed of the situation.

Uniswap Incident Brings SIM Fraud To The Fore

Many experts believe that the event was the result of a type of SIM switch hack in which the con artist hijacks the victim’s phone number. To prevent malicious breaches, users should minimize the use of SIM card-based two-factor authentication and instead utilize Google Authenticator, Authy, etc.

Social media identity still faces various hazards, including those related to the hacking of users’ phone numbers, despite the expansion of cybersecurity infrastructure.

In October 2021, Coinbase disclosed that a two-factor authentication compromise resulted in hackers stealing crypto from at least 6,000 clients. In a SIM swap hack, the victim’s phone number is taken over by the perpetrators, who then use it to access the victim’s bank accounts, credit cards, or cryptocurrency accounts.

As Uniswap (UNI) And Arbitrum (ARB) Face Volatility, Crypto Whales Set Sights On InQubeta (QUBE) Presale 

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Amid the volatility surrounding popular cryptocurrencies like Uniswap (UNI) and Arbitrum (ARB), crypto whales are now turning their attention to InQubeta’s (QUBE) presale. To diversify their portfolios and seek potential investment opportunities, these influential players closely monitor the developments surrounding QUBE. This seems to be an exciting adventure as InQubeta aims for a massive ROI. 

InQubeta, a promising DeFi project with many expectations, is set to revolutionize the artificial intelligence (AI) technology landscape through blockchain technology. The allure of QUBE lies in its innovative approach to connecting AI startups with investors. Its efficient and seamless investment process has ignited the interest of many investors, with a corresponding growth in InQubeta’s presale.  

In this article, we’ll explore InQubeta and the possible reasons crypto whales are interested in it amidst the volatility of Uniswap and Arbitrum.

InQubeta (QUBE) Makes A Difference With Its Innovative AI Technology Investment Approach 

The growing attention of crypto whales has led to increased adoption of the InQubeta cryptocurrency. While still in its early stages of development, InQubeta has recorded tremendous presale growth. With over 75% of Beta Stage QUBE tokens sold, the DeFi project has raised over $300k in funds. Advancing in a series of stages, there is a high possibility that QUBE tokens might be exhausted before the completion of the presale. 

With a current starting price of $0.007, each new stage comes with a corresponding increase in the QUBE token price. While there are nine more stages to go, the next stage price of the QUBE token will be $0.00875 before it is finally launched for $0.0308. While it has yet to go live in the crypto marketplace, QUBE is already listed among the best cryptos due to its exceptional investment opportunities and massive returns. 

To address traditional investment risk in startups, InQubeta has been developed on the ERC20 Ethereum blockchain to become a more secure and transparent investment platform. InQubeta utilizes non-fungible tokens (NFTs) as assets to create an ecosystem that benefits investors and AI startups. By creating and listing their NFTs on InQubeta’s NFT marketplace, startups can easily access funds to support their innovative ideas when investors purchase them with the QUBE token. 

As a deflationary token, there is a 2% buy and sell tax that results in QUBE tokens going to a burn wallet. As this seeks to create a scarcity of QUBE tokens over time, there will be a corresponding effect on the price increase of QUBE. Coupled with the 5% sell tax that goes to the reward pool, investors have a variety of benefits from the unique InQubeta project. 

Visit InQubeta Presale 

Uniswap (UNI) Emerges As An Automated Market Maker

Uniswap is an open-source cryptocurrency built on the Ethereum blockchain to facilitate the automated trading of tokens. While launched in 2018, Unisawp successfully created the UNI as its governance token two years later. This created a more profitable Uniswap ecosystem, attracting many aspects of decentralized entities.

The distinctive automated market maker (AMM) methodology used by Uniswap, which establishes token prices using a fixed ratio of reserves, is one contributing factor to the price volatility on the platform. While Uniswap has had an all-time high price of $44.97, UNI currently struggles to rise above the $10 price. 

Arbitrum (ARB) Longs For Price Momentum 

Arbitrum is popularly known as the Ethereum layer-2 protocol. Arbitrum was designed to solve the scaling problem faced by the Ethereum blockchain. Arbitrum uses the optimistic roll-up algorithm to enhance the speed, scalability, and efficiency of the Ethereum blockchain. The Arbitrum ecosystem is powered by ARB, its native currency, for easy transactions and inclusive governance processes.

Although ARB has been experiencing a fluctuating price lately, which has created concern among investors, its price is still above the $1 mark. From analysis, Arbitrum price volatility has been attributed to the sudden increase in buying and selling transactions after the airdrop season. Arbitrum seeks to expand its validators set to attract more independent institute validators across the globe. 

Final Thoughts

While Uniswap and Arbitrum struggle to maintain steady price growth, the InQubeta presale offers an exclusive opportunity for early backers to secure their stake in the project. With the involvement of crypto whales in the ongoing InQubeta presale, there is no doubt that QUBE could be among the best cryptos in the crypto market. With a low price of $0.007, this could be the best time to invest in QUBE before it increases to a lunch price of $0.0308.

Visit InQubeta Presale 

Uniswap Eyes Fantom Blockchain: Unlocking New Horizons In DeFi Expansion

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In a strategic move to expand its reach and maintain a competitive edge in the decentralized finance (DeFi) space, Uniswap, the popular decentralized exchange platform, is considering deployment on the Fantom blockchain. 

The proposal has been put forward by Blockchain at Columbia, the unit dedicated to distributed ledger technology at Columbia University, in collaboration with the Fantom and Axelar teams.

The motivation behind this proposal lies in the need for Uniswap to establish market share in other ecosystems following the expiry of the Uniswap v3 Business Source License (BSL). 

Other decentralized exchanges, such as Beethoven X, are eyeing the opportunity to capture market share on the Fantom chain. To stay ahead of the competition, Uniswap must swiftly establish its presence on Fantom.

Advantages Of Fantom For Uniswap Deployment

The deployment on Fantom would leverage the Axelar network, a decentralized interoperability platform that connects multiple blockchain ecosystems. This collaboration would offer a secure and robust bridge solution for Uniswap’s governance on Fantom. 

Axelar’s General Message Passing capability ensures complete composability across Web3, enabling developers to call functions on any connected chain.

Fantom’s compatibility with the Ethereum Virtual Machine (EVM) and its dedication to the Ethereum ecosystem make it an ideal choice for Uniswap’s deployment. 

Additionally, Fantom Chain’s lower transaction costs create a more affordable trading environment, encouraging active participation in DeFi protocols.

The proposed deployment also mitigates risks associated with network congestion, high gas fees, and potential vulnerabilities in the Ethereum network. By diversifying its blockchain infrastructure, the platform ensures long-term resilience and stability.

However, deployment on Fantom would position it as the leading DEX and blue-chip protocol in the ecosystem, capturing a substantial market share.

The Fantom Foundation and Axelar will handle the deployment and associated costs without grants or subsidies offered to Uniswap. While a cross-chain deployment method may be considered in the future, the urgency of this proposal necessitates the currently proposed deployment with Axelar.

If approved, this deployment would enable the platform to expand its user base, enhance performance, and drive innovation in the DeFi landscape. Additionally, it will enhance its performance and scalability, and mitigate risks associated with network congestion and high gas fees. 

Related Reading | Polygon zkEVM Developers Unite: Building A Strong Foundation For The Future