How Uniswap Was Deployed On The Binance Smart Chain

Name	Symbol	Market	Market Cap ($)	Algorithm
Uniswap	UNIUSD	Crypto	3,361,799,335	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Uniswap

UNIUSD

Crypto

3,361,799,335

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.070	1.59%	4.47	6.17	6.17

Price Change

Price Change %

Current Price

Bid Price

Offer

0.070

1.59%

4.47

6.17

High Price	Low Price	Open Price	Prev. Close	52 Week Range
4.47	4.39	4.40	4.40	3.55 - 8.03

High Price

Low Price

Open Price

Prev. Close

52 Week Range

4.47

4.39

4.40

3.55 - 8.03

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:16:48	58.75	4.47	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:16:48

58.75

4.47

USD

Price x Volume	Volume	Base Symbol	Related Pairs
266,209.43	60,019.01	UNI	UNIEUR	UNIGBP	UNIBTC

Price x Volume

Volume

Base Symbol

Related Pairs

266,209.43

60,019.01

How Uniswap Was Deployed On The Binance Smart Chain

15/03/2023 4:46pm

NEWSBTC

The company behind the popular decentralized exchange platform Uniswap Labs announced its launch on the Binance Smart Chain (BNB) via its official Twitter handle. Developed by crypto exchange Binance, the BSC was launched as a cheaper and more scalable solution to Ethereum and other layer-1 blockchains. Related Reading: Bitcoin Falls Below $25,000 As Whales Show Elevated Activity Uniswap Diversifies, What’s The Impact On The Platform? According to the announcement, the launch of Uniswap on the BSC will make it more accessible to a “wider audience.” As mentioned, the BSC offers its users access to fast and low-cost transactions with an identical interface to its Ethereum counterpart. Despite attends to provide Ethereum with more scalability, the blockchain continues to see high network fees. This phenomenon renders some users incapable of affording to transact on the network. This launch attempts to fix the issue while onboarding more people to the crypto trading platform. Alvin Kan, Director of Growth at the BNB chain, told The Block the following about their integration with Uniswap: With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things web3, where protocols looking to reach larger audiences can grow. The Uniswap integration with the BSC might usher in a new era for the DEX and its competitors. At the high of its popularity, the Pancakeswap DEX took market share from Uniswap due to its low fees, fast transactions, and ability to generate high yields with its liquidity pools. Now, the landscape changed and could continue to change. The chart below shows Pancakeswap’s declining trading volume and daily activity users. The crypto bear market and new alternatives could contribute to the trend. On the other hand, Uniswap’s metrics are blooming. Its trading volume and daily active user are some of the highest in the past year and are likely to keep rising with this BSC integration. Related Reading: Bitcoin Rally Cools Following CPI Release, But Bulls May Not Be Done Kan added: We are delighted to see Uniswap’s continued commitment to delivering value to its users and building for the future of decentralization.

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