Uniswap committee approves Wormhole and Axelar bridges for cross-chain deployments

Quick Take

  • Decentralized exchange Uniswap has chosen two bridges for potential cross-chain deployments.

Uniswap Foundation’s Bridge Assessment Committee has selected Wormhole and Axelar as two bridges for potential cross-chain deployments.

In January 2023, Uniswap initially selected Wormhole as its preferred bridge but the processed was marred by controversy. In March it set up a committee to research and suggest a path forward, a process that has now been completed.

"The Committee find that the Wormhole and Axelar bridges are currently suitable for use by the DAO for managing governance messaging in future cross-chain deployments, but advise the community to continuously review both them and other bridge providers on an ongoing basis," the committee concluded in its report.

Uniswap's committee noted that a multi-bridge architecture would probably be more suitable for Uniswap but that such types of cross-chain swaps are not ready yet.

The committee also examined cross-chain protocols LayerZero, Celer, DeBridge and Multichain. Multichain has been hit by multiple technical issues over the last few weeks and lost contact with its CEO for a period of time. DeBridge today launched a trading platform for native cross-chain swaps.

The committee included co-founders and CTOs of multiple blockchain projects, including the CTO of OtterSec, the CTO of Zellic and the CEO of HashCloak.

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