To deploy the v3 protocol UniSwap holders propose ditching Ethereum for BNB Chain

80% of UNI holders supported the deployment of the Uniswap protocol's v3 on BNB Chain, while the remaining 20% voted against it.

In its governance forum, the Uniswap community overwhelmingly supported a “temperature check” proposal to deploy the Uniswap v3 protocol to BNB Chain.

Uniswap’s governance token holders voted 80% in favor of deploying the third version of the protocol on BNB Chain, a rival to Ethereum.

Ilia Maksimenka, CEO of Plasma Finance, wrote on Jan. 17 why the Uniswap v3 protocol should be deployed to BNB Chain.

For a variety of reasons (one of which is that the license is about to expire), we believe this is the right time for Uniswap to deploy on the BNB PoS Chain.

A “temperature check” poll was conducted by the Uniswap community following the discussion on the governance forum. Eighty percent voted in favor of the deployment, while 20% voted against.

According to Cameron O’Donnell, DAO governance strategist at ConsenSys, the firm views the protocol as “standalone and not dependent on any particular chain” despite centralization concerns.

Uniswap’s entry into the BSC market will provide current and future users with a secure and established medium for decentralized exchange, regardless of personal views.

Additionally, ConsenSys believes it is important for Uniswap to be “chain agnostic” in order to better serve all Web3 users.

Plasma Finance estimates that the deployment of the necessary smart contracts to BNB Chain may take five to seven weeks following the approval of the governance proposal.

On Dec. 22, BNB Chain surpassed Ethereum in terms of unique addresses. According to BSC Scan data, the blockchain has 233 million unique addresses compared to Ethereum’s 217 million unique addresses. Despite claiming to be the largest layer 1 blockchain, the number of unique addresses is far less than those on the Bitcoin network, which has one billion.