Uniswap Officially Released on BNB Chain Network

Uniswap, the world’s largest decentralized exchange protocol by trading volume, has officially launched on BNB Chain, a decentralized EVM-compatible smart contract blockchain originally founded by crypto exchange Binance. The move comes after a successful governance proposal for deployment on BNB Chain in February and contentious governance negotiations to decide on a bridge solution for deployment.

With this expansion, Uniswap Protocol users will be able to take advantage of BNB Chain’s lower transaction fees compared to Ethereum to trade tokens across the network. Alvin Kan, growth director of BNB Chain, said:

“With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things Web3-related where protocols that want to reach wider audiences can grow.”

Bitcoin Price

Bitcoin started a downside correction below the $25,500 support zone. The price is trading above $24,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $24,500 on the hourly chart of the BTC/USD pair. The pair could start a fresh increase if it stays above the $23,500 support zone.