Last Updated on June 1, 2021 by Jason
The Uniswap community has voted to deploy Uniswap v3 to Arbitrum. Now that the community has shown their interest, the vote goes to Consensus Check, which is going to establish a discussion around the concept of using Uniswap v3 code with the Arbitrum network.
Arbitrum was taken live today, which gave developers access to layer two of the scaling solution. Arbitrum makes it possible to get a higher level of transaction throughput than Ethereum, and fees for gas that are hundreds of times lower.
Ethereum’s total value on decentralized apps is more than $60 billion. However, with this increase in value, there has been an increase in fees of transactions and gas, making it off putting for smaller users.
The vote from Uniswap is a bid to make decentralized platforms accessible and available to everyone.