Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain
Wormhole, the crypto bridge platform, won a community vote on Tuesday to become the official governance bridge for Uniswap – the largest decentralized exchange platform by trading volume – when its version 3 platform arrives on Binance’s BNB Chain. The win grants Wormhole valuable new turf in an ongoing battle between bridge platforms – vital pieces of crypto infrastructure that allow users to pass assets and other data between blockchains. The Wormhole bridge will eventually be used to give Uniswap v3 users on BNB Chain the ability to participate in the Uniswap DAO’s Ethereum-based governance process. The Uniswap DAO, which allows holders of Uniswap’s UNI token to vote on major strategy decisions, voted 62% in favor of Wormhole. LayerZero, a leading Wormhole competitor, came in second with 37%.
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