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

With this expansion, Uniswap Protocol users will be able to leverage BNB Chain's low transaction fees, compared with Ethereum, to trade and swap tokens across the network.

“With BNB Chain's thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things web3, where protocols looking to reach larger audiences can grow," said Alvin Kan, director of growth at BNB Chain. "We are delighted to see Uniswap’s continued commitment to delivering value to its users and building for the future of decentralization.”