Degen

Unichain, the Layer 2 blockchain developed by Uniswap, has officially surpassed Ethereum to become the dominant platform for Uniswap v4, now accounting for 75% of the protocol’s total trading volume, according to data from Dune Analytics compiled by Entropy Advisors. Meanwhile, Ethereum’s share has dropped to under 20%.

This trend began accelerating in mid-April 2025, fueled by Unichain’s rapid development and strategically designed incentive programs. However, Ethereum still maintains its lead in transaction volume on Uniswap v3, which remains more popular among users.