Decentralized exchange Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon.<\/p>\n
While Uniswap (UNI<\/a>) tokenholders have until April 14 at 9:05 pm UTC to vote<\/a> on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass has already been reached, with over 42.4 million votes recorded in favor of the integration.<\/p>\n All 191 Ethereum addresses voted in favor of the proposal, with financial modeling platform Gauntlet and Ethereum infrastructure provider ConsenSys leading with over 7 million votes each,\u00a0according<\/a> to Tally, a voting dashboard for decentralized finance projects.<\/p>\n The author of the proposal, Polygon Business Development Lead Jack Melnick, argued that now is the \u201cright moment\u201d to make Uniswap v3 available on Polygon\u2019s zkEVM because it is \u201cEVM equivalent\u201d \u2014 meaning that there is no need to recompile EVM smart contracts:<\/p>\n \u201cThere\u2019s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap\u2019s place as the number one DEX and a thought leader.\u201d<\/p><\/blockquote>\n The integration will also provide validation and fast finality for off-chain transactions, said Melnick. <\/p>\n In addition, the high level of adoption that Polygon has managed to harness makes integrating on Polygon\u2019s zkEVM a \u201cpriority,\u201d he explained. <\/p>\n As for what factors will make this deployment a boom or bust, Melnick pointed to several key on-chain metrics:<\/p>\n \u201cA successful zkEVM deployment will, in an organic and sustained manner, grow Uniswap\u2019s Total Addressable Market across TVL, unique interacting wallet, volumes, and integration with partner dApps.\u201d<\/p><\/blockquote>\n \u201cAs demand for zk-blockchains and proximity to Ethereum rises, users and builders will increasingly look to zkEVM solutions to build and trade,\u201d he added.<\/p>\n Melnick is confident the integration will pose \u201cminimal risks\u201d at least \u201crelative\u201d to other blockchains because the Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum\u2019s security. <\/p>\n The Polygon Bridge has been \u201cdisintermediated,\u201d and data will be sourced from \u201creputable\u201d oracle providers, Melnick added, which he expects will only strengthen security at the protocol level.<\/p>\n Polygon\u2019s zkEVM had its official mainnet launch<\/a> on March 27.<\/p>\n Related: <\/em><\/strong>Uniswap\u2019s first governance vote fails… Despite 98% support <\/em><\/strong><\/a><\/p>\n In a similar move, Uniswap v3 integrated with the BNB Chain<\/a> \u2014 a smart contract blockchain built by Binance \u2014 on March 15.<\/p>\n The governance vote wasn\u2019t as stark though, with only 65% voting in favor of the proposal.<\/p>\n United States venture capital firm Andreessen Horowitz (a16z) \u2014 the largest UNI token holder \u2014 voted against the BNB proposal with its 15 million UNI tokens<\/a>.<\/p>\n Magazine: <\/em><\/strong>ZK-rollups are \u2018the endgame\u2019 for scaling blockchains, Polygon Miden founder<\/em><\/strong><\/a><\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/d8fb60a4-42ea-49b5-9fe2-0900ca75c694.jpg\")