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Unichain Nears $12B in Trading Volume as Users Flock to Uniswap’s Layer 2

  • Uniswap's Layer 2 network, Unichain, is approaching $12 billion in total trading volume within three months of hitting mainnet, as users seek alternatives due to high gas fees.
  • Unichain, built on the Optimism Superchain, offers faster and cheaper DeFi activities with one-second block times and up to 95% lower gas fees than Ethereum.
  • Unichain has become the fourth-largest Layer 2 network by total value locked, with a surge in activity driven by a $45 million liquidity incentive program and a significant increase in active addresses.
  • Amid competition, Uniswap fights back by leveraging its Unichain offering to attract users back with lower transaction fees and improved trading speeds, while also celebrating reaching $3 trillion in aggregate all-time volume.

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