Stanford Group overtakes UC Berkeley to become ninth largest delegate for Uniswap – blockchain technology
A group of students at Stanford University recently confirmed their appointment as a Uniswap delegate.
Stanford University’s blockchain student club has overtaken a blockchain student group at UC Berkeley, California, and is Uniswap’s ninth largest delegate with over 2.5 million votes.
Universities are hurrying with Uniswap Exchange as delegates
The Uniswap exchange is very popular with post-secondary institutions. The blockchain club, run by Stanford University students, verified itself as a Uniswap delegate earlier this month. According to the Ethereum governance tool Sybil, the club was also able to collect 2,524,711 votes. With these votes, Stanford University ranks 9th, ahead of UC Berkeley’s CalBlockchain, which received 2,524,711 votes.
🦄Verification as @UniswapProtocol #UNIDelegate on Sybil🏛️https: //t.co/aduPp8Jyvy
– Stanford Blockchain Club (@StanfordCrypto) January 5, 2021
With over 15 million votes each, EOA and Dharma remain the two largest Uniswap delegates. It is also important to note that two post-secondary academic institutions are now among the top ten delegates to lead the Uniswap exchanges. In addition, the involvement of academic institutions as delegates is an indication that different actors from different branches and sectors actively contribute to the steering of the Uniswap exchange.
Contributions from academic institutions to the blockchain
The Stanford Blockchain Club, founded in 2014, became a student organization “for everything to do with blockchain, crypto-economy and cryptocurrency”. In terms of research focused on blockchain, Stanford University has also proven relevance by carving out an active presence.
The Stanford Center for Blockchain Research is operated by the university. This blockchain research center supposedly brings together the engineering, law, and business faculties. In addition, post-docs, students and visitors can work on technical challenges on site.
A peer-reviewed research paper entitled “An Analysis of Uniswap Markets” also appears on the Stanford University website. According to the paper, the decentralized exchange was seen as “stable under a variety of market conditions”. In other words, Uniswap’s decentralized exchange was also presented positively.
Last month’s report shows that UC Berkeley has joined the Uniswap government by emerging as the tenth largest delegate. The student group goes to great lengths to analyze the blockchain space. It also shows that post-secondary academic institutions are now contributing to the advancement of the blockchain space.
Judging by the volume, Uniswap has become the largest decentralized exchange in the world. This is based on information from CoinMarketCap, a widely accepted data aggregator. Uniswap currently holds 46.59% of the market share of the decentralized exchange (DEX).
Previously, Uniswap ended UNI Agriculture on their November 17th exchange. The closure of its UNI farms also freed up more than $ 1 billion in liquidity from Uniswap.
At the time of publication, the Uniswap price was $ 8.67 on a 24-hour trading volume of $ 667,276,466. The UNI price has also increased by 5% in the last 24 hours. It also has a circulating supply of 215 million UNI coins and a maximum supply of 1 billion. In addition, Uniswap (v2) is currently the most active market trading UNI.
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