Consensys and Compound founder rallying votes against a16z, Uniswap launching on Binance Smart Chain to compete with PancakeSwap

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Uniswap Officially Launches on Binance Smart Chain

Uniswap announced on the 15th that it has launched on the BNB Chain. According to their statement, similar to Polygon and Arbitrum, BNB Chain offers faster and cheaper transactions compared to Ethereum, allowing Uniswap to attract more users.

According to DeFi Llama, Uniswap has integrated five blockchains, with Ethereum having the largest asset size at $3.21 billion.

However, it remains to be seen whether Uniswap can compete with PancakeSwap, the current largest DEX on the BNB Chain. PancakeSwap has integrated three blockchains, with $2.35 billion in assets on BNB Chain.

Proposal Initially Rejected by a16z

On February 3rd, the "Deploy BNB Chain" proposal opened on the DEX platform Uniswap. When the governance vote began on February 5th, venture capital firm a16z, with 15 million votes, heavily leaned towards rejection, prompting Binance founder Changpeng Zhao to complain. However, many large voters quickly appeared and overwhelmed a16z's opposing votes. The top voter was Ethereum technology company Consensys with 7 million votes, followed by Compound founder Robert Leshner with 5.76 million votes. These large voters joined the vote after a16z, and the situation changed significantly after February 6th, with the final decision made on February 10th.