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0xPlasma Labs proposes Uniswap v3 deployment to BNB Chain

The CEO of 0xPlasma Labs, Ilia, has proposed deploying Uniswap v3 to BNB Chain (Binance), which could bring in an additional $1 billon in Total Value Locked (TVL) and 1-2 million new users. Currently, the proposal is in the discussion stage.

0xPlasma Labs released a proposal to deploy Uniswap v3 to BNB Chain (Binance), from which additional $1B of TVL and 1-2M new users can be obtained. The proposal is currently only in the discussion stage.

— Wu Blockchain (@WuBlockchain) December 12, 2022

Ilia, a long-time supporter and contributor to the Uniswap ecosystem, proposed discussing the possibility of deploying Uniswap v3 on the BNB Chain with the community.

“The Uniswap ecosystem is crucial in developing the global decentralized finance (DeFi) ecosystem. However, it has not yet deployed its protocol to the second-largest blockchain infrastructure by volume and user base, BNB Chain.

Ilia discussed the “miss opportunity” for Uniswap, suggesting the platform could “expand its reach and potentially drive further growth and adoption of DeFi.”

Ilia highlighted that the deployment of Uniswap on the BNB chain could bring several benefits to the Uniswap ecosystem, including:

  • An additional $1 billion in TVL and increased trading volume – leading to earned fees for liquidity providers.
  • 1-2 million new users and increased adoption of UNI tokens.
  • Greater respect and appreciation from DeFi developers
  • More adoption for the Uniswap NFT platform, as BNB chain has a weaker infrastructure for NFTs.

Ilia concluded his proposal in a concise statement:

“This is an important decision. Let’s discuss it!”

Journalist at CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.

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