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Stanford Group becomes ninth largest Uniswap delegate, overtaking UC Berkeley

The Stanford Blockchain Club has become one of the largest delegates for the Uniswap exchange. beat a group of students from rival University of California UC Berkeley.

The Blockchain Student Club se verified as a Uniswap delegate on Tuesday after collecting 2,524,711 votes, according to Sybil, an Ethereum governance tool. This puts Stanford in ninth place, just ahead of UC Berkeley’s CalBlockchain with 2,524,711 votes.

Dharma and EOA remain the two largest delegates with more than 15 million votes each.

Stanford Group becomes ninth largest Uniswap delegate, overtaking UC Berkeley
Stanford Group becomes ninth largest Uniswap delegate, overtaking UC Berkeley

Uniswap’s top ten delegates now include two academic institutions highlighting the various actors who help steer the exchange. As Cointelegraph reported last month, UC Berkeley has joined Uniswap’s governance protocol as a way to showcase the group’s research in the blockchain space.

The Stanford Blockchain Club was founded in 2014 as a student organization “for everything to do with blockchain, crypto-economics and cryptocurrencies”.

Stanford has carved out an active presence in blockchain research. The university operates the Stanford Center for Blockchain Research, which “brings together engineering, law, and business faculties, as well as post-docs, students, and visitors to work on technical challenges in the field.”

An peer-reviewed document entitled “An Analysis of Uniswap Markets” is also posted on the Stanford website. The document gives a favorable overview of the decentralized exchange and names it “stable under a variety of market conditions”.

According to the data aggregator CoinMarketCap, Uniswap has become the largest decentralized exchange in the world in terms of volume. As of Wednesday, Uniswap had approximately 42% of DEX’s market share.

Efforts to contact the Stanford Blockchain Club have been unsuccessful.

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