Uniswap Exchange Expands to Bitcoin Sidechain Rootstock

Uniswap has expanded to the Bitcoin ecosystem with it being deployed on sidechain Rootstock to enable BRC-20 tokens swapping.
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The biggest decentralized exchange (DEX), Uniswap, has entered the DeFi landscape of the biggest cryptocurrency asset ecosystem and grown to include the Bitcoin sidechain Rootstock.

GFX Labs, a well-known blockchain development company, has implemented Uniswap v3 on Rootstock. The company has integrated the architecture of its trading application Oku for the decentralized exchange based on Bitcoin.

The introduction of Uniswap will help Bitcoin’s DeFi ecosystem to exchange BRC-20 tokens more easily, even though it is already expanding gradually. The token standard for assets used on the Bitcoin network is BRC-20.

BRC-20 tokens, which were only recently created, have amassed a noteworthy market capitalization of over $1.17 billion, with the well-known ORDI token holding a dominant over 90% share.

Since its November 2018 launch on Ethereum, Uniswap has spread to a number of other blockchain networks, such as Optimism, Arbitrum, Polygon, Base, BNBChain, Avalanche, and Celo. With this most recent update, support for Bitcoin has now been included.

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