Uniswap V3 Deployment on Polygon zkEVM Proposal Approved

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • Unanimous community approval for proceeding with the deployment was recorded.
  • The Uniswap Labs wallet app, meanwhile, was approved by Apple on Thursday.

The newest governance proposal for the Uniswap DAO has been approved, marking the organization’s formal entry into the zero-knowledge technology. Polygon’s Zero Knowledge Ethereum Virtual Machine (zkEVM) is the target of this proposal, which discusses the implementation of Uniswap v3.

Moreover, the proposal’s argument that now is the time to implement Uniswap v3 on the zkEVM received unanimous support from the community. The proposal’s voting period concluded early, on April 14, 2023, with unanimous community approval for proceeding with the deployment.

zkEVM in Limelight

Also, launched in the latter days of March 2023, the Polygon zkEVM was anticipated to be a major web 3.0 event this year. The zkEVM network was created as a scaling option for Ethereum blockchain-based decentralized applications (Dapps).

Furthermore, according to the proposal, success will be measured by an increase in Uniswap’s Total Addressable Market in terms of total value locked, unique interacting wallets, transaction volumes, and DApp integration with partners.

Also, the team has shown an interest in becoming an industry frontrunner in the zero-knowledge space. The rising popularity of zkEVM may be traced back to the increasing need for zero-knowledge blockchains and the network’s proximity to Ethereum.

The team stated:

“There’s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place as the number one DEX and a thought leader.”

The Uniswap Labs wallet app, meanwhile, was approved by Apple on Thursday, the company revealed. Customers in the United States and many other countries may now download the newest version of Uniswap Wallet for iOS.

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