Boba Network will become the sixth chain to deploy Uniswap v3, with the deployment scheduled to take place in the coming weeks. The move is backed by multiple entities including GFX Labs, Blockchain at Michigan, Gauntlet, and ConsenSys.
Earlier news, Uniswap community members voted in favor of deploying Uniswap v3 on Boba Network. The proposal was submitted by the Boba Foundation and FranklinDAO and ultimately received more than 51 million votes in support.
Alan Chiu, co-founder and CEO of Enya Labs (core contributor to Boba Network), said the move will enable developers within the ecosystem to create a new generation of on-chain and off-chain DeFi applications on top of Uniswap. As a result, Chiu pointed out that decentralized exchanges will have easier access to a wider institutional market.
In addition, the Boba Network team also believes that this provides an opportunity for Uniswap to expand into key Asian markets, emphasizing that Boba Network has gained a lot of traction in South Korea and is slowly expanding to Japan. (Cointelegraph) #cryptotrading, #GameFi, #SHIB
