Decentralized exchange (DEX) Uniswap has been forked by developers after its Business Source License (BSL) expired on April 1.
The fork, according to DeFiLlama, has already attracted $123 million in total value locked (TVL) with the majority of capital locked on the BINANCE Smart Chain (BSC)
documentation reveals that as of April 1 the code became open source. This was planned since the upgrade to version 3 in 2021 as the license was only valid for two years.
Uniswap remains one of the largest decentralized exchanges in the decentralized finance (DeFi) ecosystem, commanding more than $4 billion in TVL across all blockchains.
Two weeks ago Uniswap expanded its product by going live on the BNB Chain following a unanimous governance vote.
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The Uniswap token (UNI) is currently trading at $6.32 having surged by 6.11% in the past 24-hours, according to CoinDesk data.
Edited by Parikshit Mishra.
