A student group at Stanford University has recently confirmed its appointment as a Uniswap delegate.
Overtaking a blockchain student group at UC Berkeley in California, the blockchain student club from Stanford University has become the 9th largest delegate for Uniswap with over 2.5 million votes.
Universities Rushing Uniswap Exchange as Delegates
The Uniswap exchange is proving very popular with post-secondary institutions. The blockchain club, run by students from Stanford University, verified itself earlier this month as a Uniswap delegate. According to Ethereum governance tool Sybil, the club was also able to gather 2,524,711 votes. These votes place Stanford University in the 9th spot, stepping ahead of CalBlockchain from UC Berkeley, who gathered 2,524,711 votes.
— Stanford Blockchain Club (@StanfordCrypto) January 5, 2021
Having over 15 million votes each, EOA and Dharma remain the two largest Uniswap delegates. It is also pertinent to note that two post-secondary academic institutions are now part of the top ten delegates for the governance of the Uniswap exchange. Besides, the inclusion of academic institutions as delegates is an indication that diverse players from different industries and sectors are actively contributing to the governance of the Uniswap exchange.
Contributions of Academic Institutions Towards Blockchain
Founded in 2014, the Stanford Blockchain Club became a student organization “for everything blockchain, cryptoeconomics, and cryptocurrency.” As it relates to research that is focused on blockchain, Stanford University has also proved relevance by carving out an active presence.
The Stanford Center for Blockchain Research is operated by the university. This blockchain research center reportedly brings together engineering, law, and economics faculty. It also features post-docs, students, and visitors to work on technical challenges in the field.
On the Stanford University website, there is also an appearance of a peer-reviewed research paper titled “An analysis of Uniswap markets.” According to the paper, the decentralized exchange was seen as “stable under a wide range of market conditions.” In other words, the Uniswap decentralized exchange was also presented in a positive light.
Last month’s report shows that UC Berkeley joined the governance of Uniswap by emerging as the tenth largest delegate. The student group puts a great deal of effort in analyzing the blockchain space. Besides, this shows that post-secondary academic institutions are now contributing to the advancement of the blockchain space.
Judging from the volume, Uniswap has accelerated to become the largest decentralized exchange in the world. This is based on the information by CoinMarketCap, a widely-accepted data aggregator. Uniswap currently has 46.59% of the decentralized exchange (DEX) market share.
Before now, Uniswap ended UNI farming on its exchange on November 17. The close of its UNI farms also unlocked over $1 billion worth of liquidity from Uniswap.
As of the time of publication, Uniswap price was $8.67 with a 24-hour trading volume of $667,276,466. UNI price also went up 5% over the last 24 hours. It also has a circulating supply of 215 million UNI coins and a max supply of 1 billion. Besides, Uniswap (v2) is the current most active market trading UNI.
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