{"id":523275,"date":"2023-03-15T16:46:35","date_gmt":"2023-03-15T16:46:35","guid":{"rendered":"https:\/\/wncen.com\/?p=523275"},"modified":"2024-06-11T14:34:20","modified_gmt":"2024-06-11T14:34:20","slug":"how-uniswap-was-deployed-on-the-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/how-uniswap-was-deployed-on-the-binance-smart-chain\/","title":{"rendered":"How Uniswap Was Deployed On The Binance Smart Chain"},"content":{"rendered":"

The company behind the popular decentralized exchange platform Uniswap Labs announced<\/a> its launch on the Binance Smart Chain (BNB) via its official Twitter handle. Developed by crypto exchange Binance, the BSC was launched as a cheaper and more scalable solution to Ethereum and other layer-1 blockchains. <\/strong><\/p>\n

Related Reading: Bitcoin Falls Below $25,000 As Whales Show Elevated Activity<\/a><\/div>\n
\"Uniswap
UNI’s price is declining on the daily chart. Source: UNIUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Uniswap Diversifies, What\u2019s The Impact On The Platform?<\/h2>\n

According to the announcement, the launch of Uniswap on the BSC will make it more accessible to a \u201cwider audience.\u201d As mentioned, the BSC offers its users access to fast and low-cost transactions with an identical interface to its Ethereum counterpart.<\/p>\n

Despite attends to provide Ethereum with more scalability, the blockchain continues to see high network fees. This phenomenon renders some users incapable of affording to transact on the network. This launch attempts to fix the issue while onboarding more people to the crypto trading platform.<\/p>\n

Alvin Kan, Director of Growth at the BNB chain, told The Block<\/a> the following about their integration with Uniswap:<\/p>\n

With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things web3, where protocols looking to reach larger audiences can grow.<\/p><\/blockquote>\n

The Uniswap integration with the BSC might usher in a new era for the DEX and its competitors. At the high of its popularity, the Pancakeswap DEX took market share from Uniswap due to its low fees, fast transactions, and ability to generate high yields with its liquidity pools.<\/p>\n

Now, the landscape changed and could continue to change. The chart below shows Pancakeswap\u2019s declining trading volume and daily activity users. The crypto bear market and new alternatives could contribute to the trend.<\/p>\n

\"Uniswap
Pancakeswap’s key metrics have been declining over the past year. Source: Token Terminal<\/figcaption><\/figure>\n

On the other hand, Uniswap\u2019s metrics are blooming. Its trading volume and daily active user are some of the highest in the past year and are likely to keep rising with this BSC integration.<\/p>\n

\"Uniswap
Uniswap’s trading volume and daily active users rising over the past year. Source: Token Terminal<\/figcaption><\/figure>\n
Related Reading: Bitcoin Rally Cools Following CPI Release, But Bulls May Not Be Done<\/a><\/div>\n

Kan added:<\/p>\n

We are delighted to see Uniswap\u2019s continued commitment to delivering value to its users and building for the future of decentralization.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The company behind the popular decentralized exchange platform Uniswap Labs announced its launch on the Binance Smart Chain (BNB) via its official Twitter handle. Developed by crypto exchange Binance, the BSC was launched as a cheaper and more scalable solution to Ethereum and other layer-1 blockchains. Related Reading: Bitcoin Falls Below $25,000 As Whales Show Elevated Activity Uniswap Diversifies, What\u2019s The Impact On The Platform? According to the announcement, the launch of Uniswap on the BSC will make it more accessible to a \u201cwider audience.\u201d As mentioned, the BSC offers its users access to fast and low-cost transactions with an identical interface to its Ethereum counterpart. Despite attends to provide Ethereum with more scalability, the blockchain continues to see high network fees. This phenomenon renders some users incapable of affording to transact on the network. This launch attempts to fix the issue while onboarding more people to the crypto trading platform. Alvin Kan, Director of Growth at the BNB chain, told The Block the following about their integration with Uniswap: With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things web3, where protocols looking to reach larger audiences can grow. The Uniswap integration with the BSC might usher in a new era for the DEX and its competitors. At the high of its popularity, the Pancakeswap DEX took market share from Uniswap due to its low fees, fast transactions, and ability to generate high yields with its liquidity pools. Now, the landscape changed and could continue to change. The chart below shows Pancakeswap\u2019s declining trading volume and daily activity users. The crypto bear market and new alternatives could contribute to the trend. On the other hand, Uniswap\u2019s metrics are blooming. Its trading volume and daily active user are some of the highest in the past year and are likely to keep rising with this BSC integration. Related Reading: Bitcoin Rally Cools Following CPI Release, But Bulls May Not Be Done Kan added: We are delighted to see Uniswap\u2019s continued commitment to delivering value to its users and building for the future of decentralization.<\/p>\n","protected":false},"author":535,"featured_media":468098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82849,80532,82852],"class_list":["post-523275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-uni","tag-uniswap","tag-uniusdt"],"acf":[],"yoast_head":"\nHow Uniswap Was Deployed On The Binance Smart Chain<\/title>\n<meta name=\"description\" content=\"The company behind the popular decentralized exchange platform Uniswap Labs announced its launch on the Binance Smart Chain (BNB).\" \/>\n<meta name=\"robots\" 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Uniswap Was Deployed On The Binance Smart Chain","url":"http:\/\/wncen.com\/news\/how-uniswap-was-deployed-on-the-binance-smart-chain\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/how-uniswap-was-deployed-on-the-binance-smart-chain\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Uniswap-UNI-UNIUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Uniswap-UNI-UNIUSDT.jpg?fit=893%2C551"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["uni","uniswap","uniusdt"],"dateCreated":"2023-03-15T16:46:35Z","datePublished":"2023-03-15T16:46:35Z","dateModified":"2024-06-11T14:34:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Uniswap Was Deployed On The Binance Smart Chain\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-uniswap-was-deployed-on-the-binance-smart-chain\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-uniswap-was-deployed-on-the-binance-smart-chain\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Uniswap-UNI-UNIUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Uniswap-UNI-UNIUSDT.jpg?fit=893%2C551\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"uni\",\"uniswap\",\"uniusdt\"],\"dateCreated\":\"2023-03-15T16:46:35Z\",\"datePublished\":\"2023-03-15T16:46:35Z\",\"dateModified\":\"2024-06-11T14:34:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Uniswap-UNI-UNIUSDT.jpg?fit=893%2C551","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/523275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=523275"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/523275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/468098"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=523275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=523275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=523275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}