Avalanche set to welcome Uniswap V3 to its network; TVL set for impact?

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On 17 March, Uniswap announced it would deploy on Avalanche and add support for AVAX. Being one of the leading decentralized finance (DeFi) protocols, the deployment of Uniswap could significantly impact Avalanche in terms of transaction volume and Total Value Locked (TVL).

Read Avalanche (AVAX) Price Prediction 2023-24 There was a request for the Uniswap V3 to be deployed on Avalanche in a proposal that some community members submitted.

The Business Source License (BSL), which was set to expire on April 1, was the catalyst, according to the initiators. The expiration of the BSL will allow developers to fork the Uniswap V3.

On March 17, the voting ended, with 26 million votes—or 91.26%—cast in favor of the proposition. Effectively, this meant Avalanche, which already supports over 200 protocols, would gladly incorporate Uniswap into its system.

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