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Uniswap to Deploy on Polkadot with V3 Iteration in a Month

Uniswap, a popular decentralized exchange (DEX), has announced that it will be deploying its V3 iteration on Polkadot in about a month. This decision was made following a near-unanimous governance vote initiated by Blockchain at Michigan, an educational organization that aims to create future blockchain industry leaders. The deployment of Uniswap V3 on Polkadot is made possible by Moonbeam, a parachain running atop the network.

This move is expected to provide various advantages to previous versions, such as better capital efficiency, more flexible fee structures, and improved user experience. Additionally, decentralized exchanges like Uniswap provide customers with more control over their assets than centralized exchanges, which seems to be paying off as decentralized exchange volumes have increased by 27.6% compared to last year.

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