A decentralized exchange platform, Uniswap is now broadcasting on the Polygon network.
The proposal to place Uniswap v3 in Polygon was submitted by Polygon co-founder Mihailo Bjelic and was agreed by about over 72 million UNI token holders last week.
Through this integration, Uniswap users can exchange tokens in Polygon through the official Uniswap interface.
Arguably this is also one of the alternatives for users to ‘escape’ from the high transaction costs on Ethereum to the tune of over $ 100, again when the network is too congested.
Uniswap is the largest DEX in the DeFi market.
The platform has seen a turnover of over $ 600 billion involving the v2 and v3 platforms with each recording over $ 300 billion for the whole of 2021.
The ‘clash’ of these two platforms pushed the price spike of Polygon’s native token, MATIC to a daily high, $ 2.65, approaching an all -time record high (ATH), $ 2.7 on May 18th. Meanwhile, UNI recorded a jump to the price level of $ 17.98.
At the time of writing this article, UNI was trading at $ 16.38, up nearly 8% in 24 hours and MATIC posted a value of $ 2.57, with a jump of almost 5% for the same period.
