The Stanford Blockchain Club has become one of the largest members of the Uniswap exchange, overtaking a student group in the UC Berkeley competition.

The Student Ban Club confirmed it’s Uniswap’s rep on Tuesday with 25,247,711 votes, according to Sybil, the Ethereum administration tool. Thus, Stanford is ranked ninth, ahead of UC Berkeley’s CalBlockchain with 25,247,711 votes.

Dharma and EOA remain the largest delegates with over 15 million votes each.

Currently there are two academic institutions in the Top 10 Non-Swap Delegates, highlighting the various contributors to managing exchanges. As Cointelegraph reported last month, the University of California, Berkeley joined the Uniswap management protocol to showcase the group’s research on blockchain.

The Stanford Blockchain Club was founded in 2014 as a student organization for “all the blockchain, cryptocurrency and cryptocurrency economies.”

Stanford University is heavily involved in blockchain research. The university runs the Stanford Blockchain Research Center, which “brings together engineers, law and economics departments, as well as students, alumni and visitors to work on technical issues in the field.”

A peer-reviewed paper titled Analyzing Uniswap Markets is also available at the Stanford website. The document presents a positive view of the decentralized stock exchange, describing it as “stable in a wide range of market conditions”.

According to the CoinMarketCap data collector, Uniswap has become the world’s largest decentralized exchange by volume. As of Wednesday, Uniswap held approximately 42% of the DEX market share.

Source: CoinTelegraph