Uniswap’s much-anticipated V3 iteration is set to debut on Polygon’s recently launched zkEVM Layer 2 network after receiving unanimous governance approval.

The move solidifies Uniswap’s position as the top DEX and thought leader while giving it an edge in the heated Layer 2 competition.

Last month, Polygon and Matter Labs launched their zero-knowledge proof-powered rollups, with both vying for early zkEVM dominance and market share.

However, Polygon zkEVM has so far attracted only $3.9M in total value locked (TVL) since its beta mainnet launch, according to L2beat.

By launching on Polygon’s zkEVM, Uniswap hopes to maintain its market leadership and expand its presence on Layer 2.

Uniswap was quick to launch on Polygon’s PoS Chain, where it remains the third-largest deployment with a TVL of $98M.

Uniswap’s non-custodial wallet on iOS, launched on Thursday, also supports Ethereum, Polygon, Arbitrum, and Optimism, and features debit and credit card funding via a partnership with Moonpay.