Conflux Proposes Uniswap v3 Deployment to Tap Asian Markets

Conflux's Strategic Move

Conflux, a public blockchain recognized for its regulatory compliance in China, has put forth a proposal to deploy Uniswap v3 on its network. This initiative follows the expiration of Uniswap v3's code license, which now allows developers to replicate the protocol and create their own decentralized exchanges.

Targeting Asian Markets

The deployment of Uniswap v3 on Conflux promises significant benefits, particularly by providing access to millions of potential users across China and Asia. This strategic move is expected to capitalize on the growing interest in decentralized finance within these markets.

Recent Growth and Market Potential

Conflux has witnessed a notable increase in network traffic in the first quarter of 2023, underscoring the platform's rising popularity and potential for growth. The blockchain boasts a market capitalization close to $1 billion and has secured $45 million in total value locked on-chain, indicating a robust foundation for future expansion.

By integrating Uniswap v3, Conflux aims to leverage its existing infrastructure and user base to enhance its market presence and drive further adoption in the rapidly expanding Asian crypto landscape.