As part of its efforts to onboard many users on the ZKEVM, Polygon secured Uniswap's support. The AMM's TVL crossed $4 billion as deposits into the ecosystem increased.
which ended on 14 April, every member of the Uniswap community agreed to the proposal, with a resounding 42,44 million in support.The suggestion, which was brought forward by Jack Melnik of Polygon Labs, centered the launch around the zkEVM’s validation and off-chain transaction computation.L2 possession of tools capable of creating transparent smart contracts deployment could favor the Uniswap ecosystem.
“There’s significant value in Uniswap being available on an EVM-compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place as the number one DEX and a thought leader”of its zkEVM Beta. And at that time, the web3 project had announced that over 50 projects were in line to partner with it. Thus, the Uniswap addition means that it was likely that Polygon was experiencing growth in this area.
Meanwhile, the proposal did not fail to highlight some of the risks associated with the integration. Although it noted that there was an ongoing process to evaluate vulnerabilities, the few risks mentioned include unforeseen vectors.But Polygon pointed out that its gradual liquidity deployment would address the risk. And added that it would be solved before Mainnet. However, the decentralized trading protocol, like most in the DeFi sector, has experienced an increase in Total Value Locked .
was $4.39 billion, gaining 8.33% in the last seven days. This affirmed that users have deposited more funds into the several chains under Uniswap.
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