Uniswap expands into 2 networks outside Ethereum
Uniswap currently exists on Ethereum and second layer solutions such as Optimism and Arbitrum rollups. It is also available on Polygon, which is an Ethereum sidechain. Therefore, Gnosis and Moonbeam will be the first Ethereum-independent networks to which this decentralized exchange will be brought. Gnosis is an Ethereum-derived network that aims to develop decentralized finance ecosystems (DeFi) through predictive markets such as oracles. For its part, Moonbeam is a "parachain" that aims to achieve the integration of Polkadot and Ethereum in the same network. One of the great benefits that this expansion can bring, is the increase of projects and pre-sales, as it will seek to make weight in this part of the market as DxSale does as for example GMR, or as it will do with Minosis Token and among many more upcoming launches with potential. Since Uniswap works under the decentralized autonomous organization (DAO) format, the holders of the platform's native token, UNI, were in charge of voting for the platform's expansion a few days ago. The vote was almost unanimous for both networks with only 3,000 votes against (less than 0.1% of more than 40 million votes counted in each). Uniswap holds, according to DeFiLlama, the fifth highest TVL (total value locked) of all DeFi's within Ethereum, making it one of the most important within the network. These merits that Uniswap has achieved have caught the attention of Ethereum's own co-creator, Vitalik Buterin, who, on repeated occasions, has shown his support for this platform. On one occasion, Buterin suggested that, given the importance Uniswap plays within the entire ecosystem, the platform should consider becoming an oracle. These serve as an intermediary between real-world information, such as cryptocurrency prices, and the information that dwells within the blockchain. Such is the approach that, as the official Uniswap portal shows, the creator of Uniswap, Hayden Zadams, had a meeting with Buterin himself that helped him form what this platform is today.