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Uniswap (UNI) Community Votes to Launch on Binance’s BNB Chain

Uniswap (UNI) Community Votes to Launch on Binance’s BNB Chain

The community members of decentralized exchange Uniswap have cast their vote to launch the crypto project on Binance's blockchain, BNB Chain.

In a recent proposal submitted to the Uniswap decentralized autonomous organization (DAO), 66% of the members voted to deploy the Ethereum (ETH)-based DEX onto Binance’s blockchain. 84.8 million votes were cast, but only 8.4% of the community participated in the voting process.

Support from key players

The resolution received support from several prominent players in the crypto industry, including ConsenSys, the creators of MetaMask, and GFX Labs. These companies cast 7.03 million, 4.92 million, and 5.76 million votes, respectively.

Opposition from major players

On the other hand, some of the most significant voters against the proposal included Andreessen Horowitz, Jesse Walden (jessewldn), and blockchainucla. These entities cast 15 million, 8 million, and 4.5 million votes, respectively.

READ MORE: SEC Chair Gary Gensler Issues Warning to Crypto Companies

No significant impact on the UNI price

The outcome of the vote had little impact on the price of UNI, which is currently trading around $6.5, with a 2% increase from the previous day.

Andrey Kunev

Reporter at CoinsPress

Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.

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