Uniswap (UNI) In last month’s portfolio update, we wrote abou | Crypto Great | Bitcoin | DeFi

Uniswap (UNI)

In last month’s portfolio update, we wrote about Uniswap’s goal of becoming a multi-chain trading platform. The community recently passed proposals that will streamline Uniswap’s deployment on the Harmony and Celo blockchains.

This month, the team has its sights set on deploying Uniswap V3 on Moonbeam. Moonbeam is a smart contract platform in the Polkadot ecosystem. It features seamless compatibility and interoperability with Ethereum’s ecosystem.

This compatibility makes it easy to re-deploy existing Ethereum applications to Moonbeam (and thus, Polkadot) without significantly altering the codebase.

At the beginning of the month, Nomad and Blockchain submitted a proposal at Berkeley to deploy Uniswap on Moonbeam – Polkadot’s parachain.

The Nomic Foundation, a nonprofit organization that builds long-term infrastructure and encourages organic growth in the Ethereum tooling ecosystem, has committed $2.5 million to the Uniswap Grants Program. This capital is to fund the future growth of the multi-chain Uniswap ecosystem.

Uniswap is diving headfirst into the multi-chain world. Users are flocking to the most popular DEX (decentralized exchange) in DeFi.

Uniswap V2 and V3 are processing around $1.4 billion in daily volume, which is roughly 36% of the total DeFi market volume according to crypto data aggregator, CoinGecko. With Uniswap deploying on Harmony, Celo, and now Moonbeam, we expect volume on the platform to grow exponentially, leading to higher token prices.