The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. It passed with near-unanimous support, with only a single UNI token being used to vote against it.
The smart contracts for the exchange have already been deployed to Moonbeam (GLMR), and the only tasks left to fully launch it are “front-end integration updates and including Moonbeam to the auto router,” the proposal stated.
The total value of the entire Moonbeam DeFi ecosystem is less than $50 million: https://defillama.com/chain/Moonbeam?tvl=true
Uniswap on Ethereum has a TVL of about $3.5 billion, with another $0.5 billion across other L1s and L2s: https://defillama.com/protocol/uniswap
Even if Uniswap managed to consume the value of every other DeFi platform on Moonbeam it would only account for about 1% of the asserts locked up in Uniswap.
It’ll be a win for Polkadot for the fact that Uniswap is already a DeFi giant and Polkadot has literally no DeFi!
I believe that the integration of Moonbeam and Polkadot with Uniswap is more of a win for these chains than for Uniswap itself. It’s generating a lot of excitement within the communities. Personally, I’m looking forward to swapping my DOT and GLMR tokens on Uniswap. As more DeFi projects continue to integrate with Moonbeam or Polkadot (including DAFI protocol, hopefully), the TVL on these chains will continue to grow.
I see it as a win-win.
It will give visibility & (hopefully Liquidity to Polkadot and a whole untaped market to UniSwap
I see it as a win win for both.
This is a win-win for both, considering the common interests they have. I’m buying at this point, along with MNI Corp, with plans to mint its non-fungible equity. Those developing and innovating stand a better chance of emerging big time.