Uniswap, AMM Pioneer and the Largest DEX, Launches on Avalanche

Uniswap, the largest AMM by volume, has launched on Avalanche C-Chain. The deployment marks yet another DeFi bluechip expanding to Avalanche, as Uniswap follows in the footsteps of DeFi mainstays like Curve and Aave. The launch gives Avalanche yet another DEX to complement the many pioneering Avalanche-native exchanges, such as Trader Joe, Dexalot, and DeltaPrime. 

The expansion stems from a Uniswap governance proposal. The University of Michigan’s blockchain club, Michigan Blockchain, proposed the deployment in February in the interests of “a robust, multi-chain future” and tapping into “Avalanche’s growing ecosystem.” The on-chain vote passed easily, with a 95% majority voting in favor. 

LayerZero, the interoperability protocol helping facilitate Avalanche’s BTC.b, joins the integration. 

LayerZero facilitates the messaging central to the deployment in its current form. The protocol passes messages between the host chain, Ethereum, and the destination chain, Avalanche. This enables asset transfer and governance proposals to happen cross-chain.

“We’re thrilled to welcome battle-tested DeFi mainstay Uniswap to C-Chain, strengthening the competition between DEXes on Avalanche,” said Luigi D’Onorio DeMeo, Head of DeFi and Developer Relations at Ava Labs. “The opportunity set for DEXes on Avalanche is huge. As new Subnets launch, more liquidity for DEXes like Uniswap will likely come to C-Chain. Furthermore, Avalanche Warp Messaging creates other unique opportunities for DEXes that aren’t possible on other EVM chains.”

Uniswap was first introduced in 2018 on Ethereum and pioneered the AMM model. It provided a way for traders and liquidity providers to trade indirectly via liquidity pools. Since then, Uniswap has facilitated 139M+ trades, $1.5T in trading volume, and remains a leading AMM to this day. 

Uniswap’s current version, V3, is based on concentrated liquidity, which allows liquidity to be allocated over a specified price range. LPs can customize their positioning based on each pool they’re providing liquidity to. This can result in new strategies and potentially more fees generated for LPs. 

To get started with Uniswap on Avalanche visit the protocol’s website.

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