The popular Defi protocol Uniswap successfully launched on the Binance Smart Chain (BSC) network.
Binance Smart Chain (BSC) network is a popular Proof-of-stake (PoS) crypto network, more scalable & better than the Ethereum network. The BSC network is also known as the Bep20 network or BNB chain and this crypto blockchain network was founded by the Binance crypto exchange. BSC EVM-compatible smart contract-enabled blockchain also has its own Defi crypto ecosystem, where crypto traders can trade crypto assets easily at very low fees.
On 15 March 2023, the Uniswap team announced that they successfully launched the Uniswap exchange on the BSC network officially.
So now Uniswap users can easily trade their crypto assets on the exchange at very low fees and also it will be beneficial for Uniswap platform users to trade several wrapped crypto assets on the BSC network.
The decision to deploy Uniswap on the BSC network came after the successful governance proposal in February to deploy on the BNB Chain.
Alvin Kan, director of growth at BNB Chain, said that the latest development will help to drive the adoption of the BNB chain.
“We are delighted to see Uniswap’s continued commitment to delivering value to its users and building for the future of decentralization,” Alvin said.
BNB is a native coin on the BSC network. The current trade price of the BNB coin is $320 & this trade price is 10.97% higher than the last 24 hours’ trade price.
To this date, Uniswap exchange is standing at the first ranked Defi crypto platform in the crypto sector and here Binance Crypto exchange is also top ranked centralised crypto company, so here collaboration between these two legendary crypto companies will surely result in a better level of utility in this innovative sector.