Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network’s Layer 2 protocol on Ethereum.
With more than 51 million votes, the proposal submitted by the Boba Foundation and FranklinDAO to deploy Uniswap v3 on the Boba Network was approved. This means that Boba Network will be the sixth chain to deploy Uniswap v3, and the deployment is planned for the next few weeks. The move is backed by multiple entities such as GFX Labs, Michigan-based Blockchain, Gauntlet, and ConsenSys.
According to Alan Chiu, co-founder and CEO of Enya Labs (a core contributor to Boba Network), the move will enable developers within the ecosystem to trade on Uniswap. As a result, Chiu noted that decentralized exchanges will have easier access to the broader institutional market. Additionally, the Boba Network team also believes that this presents an opportunity for Uniswap to expand into key Asian markets, highlighting that Boba Network has gained a lot of traction in South Korea and is slowly expanding into Japan.
Meanwhile, in a recent fireside chat, Aave founder Stani Kulechov discussed DeFi adoption with Cointelegraph executive editor Alex Cohen. According to Kulechov, greater adoption of payments and stablecoins could lead to more growth in the DeFi space. The Aave founder emphasized that the onboarding of stablecoins puts them in a position where they can eventually introduce DeFi.
In other news, a report from DappRadar shows that DeFi is off to a good start in 2023. Data from the statistics website highlights that DeFi protocols saw a significant increase in the total value locked in January.
