By: Eliza Bennet
The decentralized exchange (DEX) Uniswap has made significant strides in its expansion to the Bitcoin blockchain, through a successful integration with the Rootstock sidechain. This integration marks a monumental achievement for the premier blockchain, as it sets the stage for a range of novel features on Bitcoin, spearheaded by decentralized exchanges.
The integration was led by GFX Labs, the creators of the trading terminal Oku, resulting in the deployment of Uniswap version 3 (v3) on Rootstock. Earlier, Uniswap had targeted the Ethereum network with its platform and extended the services to various Ethereum layer-2 networks including Polygon, Arbitrum, and Optimism.
Rootstock serves as a sidechain to the Bitcoin blockchain, known for its security attributes derived from Bitcoin’s proof-of-work system. The integration of Uniswap v3 is anticipated to boost the DeFi characteristics present on the Bitcoin network, offering users novel swapping methods, enhanced liquidity, and possible yield opportunities.
This move manifests a crucial step in the crypto domain’s move towards achieving interoperability, merging Ethereum’s smart contract functionality with the Bitcoin network's security.
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