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Uniswap Launches on Polygon, Driving MATIC to All-Time Highs

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Uniswap Launches on Polygon, Driving MATIC to All-Time Highs Popular decentralized exchange Uniswap and Ethereum scaling system Polygon said Wednesday that all Uniswap version 3 contracts are now deployed to the Polygon mainnet. The deployment comes a few days after UNI holders voted to pass a governance proposal approving the deployment. The price of MATIC and Uniswap’s UNI token were higher on the news, with MATIC, the native asset of the Polygon network, hitting a fresh all-time high of $2.66 earlier today. “With this deployment, Uniswap as the flagship Ethereum application returns back to the original vision and again offers low fees and open access to everyone,” Bjelic said. According to data from Defi Llama, about $62.19 million in value is locked on Uniswap on Arbitrum, while roughly $36.94 million worth of tokens are locked on the Optimism version. A report by blockchain data firm Chainalysis earlier this year said DeFi is still dominated by experienced crypto traders and investors, partly due to the costly transaction fees on the Ethereum blockchain. UPDATE : Changes headline to indicate fluid timing of tech launch.

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