- The community has expressed their interest and now the vote moves to a Consensus Check, which would establish a formal discussion around the proposal of deploying the Uniswap v3 code to Arbitrum network.
- Arbitrum went live for developers today, giving them access to the layer 2 scaling solution. Arbitrum offers drastically higher transaction throughput than Ethereum, and gas fees that are up to 270 times lower.
- The total value locked in decentralized finance (DeFi) apps on Ethereum has swelled to $62 billion. With that though, gas fees have spiked making transaction fees on decentralized exchanges (DEXs) like Uniswap onerous for small users.
- In the quest to make sure DeFi is accessible to everyone, the vote to deploy to Arbitrum is a step toward that end.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.