Uniswap Community Supports Proposal To Extend V3 To Linea

Key Points:

• Uniswap V3 was approved for deployment on ConsenSys Linea for integration.
• Deployment to encourage higher trading volume and strengthen ConsenSys ties.
• Canonical deployment is subject to Ethereum Uniswap Protocol governance.

Uniswap’s governance page has witnessed a significant development as the community approved an on-chain vote regarding the proposal to deploy Uniswap V3 on the ConsenSys zkEVM network, Linea.

This momentous decision came after the proposal successfully passed the temperature check vote, and as a result, the related Uniswap V3 contract has already been deployed on the Linea chain.

The proposal aims to establish Linea’s mainnet launch, further integrating Uniswap with the ConsenSys product ecosystem, which includes well-known products like MetaMask, Infura, and Truffle. By deploying Uniswap V3 on Linea, the protocol seeks to become a dominant decentralized exchange (DEX) on the network, thereby encouraging higher trading volume and strengthening ties to existing ConsenSys product users.

One of the notable features of Linea is its impressive handling of more than 47 million transactions on its testnet. The Linea Voyage quest, a crucial initiative designed to stress-test the network, contributed significantly to this number. Stress-testing not only helps identify potential issues and performance impediments but also ensures a smooth transition to Linea’s mainnet.

For users, Linea offers the convenience of being natively supported in the MetaMask network dropdown list, providing access to a range of MetaMask curated experiences such as On/Off Ramp, MetaBridge, MetaMask Swaps, Portfolio dApp, and the MetaMask SDK – all of which can leverage the power of Uniswap’s protocol.

Linea aims to be a Type 2 zkEVM 1, achieving EVM-equivalence and handling native EVM bytecode for proving and verification. This enables developers to build using familiar tools and infrastructure at remarkably low switching costs. By directly using compiled bytecode from Solidity, Linea significantly reduces the risk of bugs and hacks.

Moreover, Linea supports EIP-4337 (Account Abstraction), demonstrating its dedication to innovation and pushing the boundaries of the Web3 space. Collaborating with key stakeholders, the network utilizes the single-entry-point contract and runs multiple networks of bundlers and paymasters services.

ConsenSys, since its inception, has been a strong advocate of decentralization worldwide. With extensive experience in managing web3 infrastructure, wallets, developer tools, and public goods, ConsenSys is confident in its ability to guide Linea towards complete decentralization and openness.

The integration with various platforms like MetaMask, Infura, Truffle, and Besu, alongside compatibility with nearly all EVM-specific development tools, presents numerous benefits to the deployment on Linea. Among the top three highlighted benefits are the early establishment in the Linea AMM Market, increased volume through MetaMask Swaps Integration, and cross-promotion opportunities.

The approval of the Uniswap governance proposal will designate the V3 contracts on Linea as the canonical deployment. As with all canonical V3 deployments, these contracts will be subject to Ethereum Layer 1 Uniswap Protocol governance and control. The v3deployments.uniswap.eth subdomain in the uniswap.eth ENS will be amended to include a reference to the V3 contracts on Linea.

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