Unichain Surpasses Ethereum in Uniswap v4 Volume – The Underdog Flips the Script

Move over, Ethereum—there’s a new liquidity king in town. Unichain just outpaced the legacy chain in Uniswap v4 transaction volume, marking a watershed moment for alternative Layer 1s.

The numbers don’t lie: While Ethereum’s validators were busy patting themselves on the back for surviving another ’ultrasound money’ meme cycle, Unichain’s lower fees and faster finality quietly siphoned off traders. Classic ’build it and they’ll come’—if ’it’ is a chain that doesn’t cost $50 to swap stablecoins.

But don’t pop champagne yet: This might just be the DeFi equivalent of a tourist snapping a pic with a celebrity—brief, viral, and ultimately meaningless until fundamentals catch up. After all, remember when Solana ’killed’ Ethereum during the last bull run? Exactly.

The shift highlights Unichain’s appeal for DeFi users seeking faster and cheaper transactions. Uniswap v4, with its customizable hooks and enhanced liquidity pools, runs natively on Unichain and amplifies its efficiency. Meanwhile, Ethereum remains dominant for Uniswap v3, indicating a transitional phase in the ecosystem.

Analysts attribute Unichain’s success to strategic initiatives, including a $165.5 million funding plan approved in March to support network growth and liquidity incentives. Its partnerships with protocols like Circle, Coinbase, and LayerZero have further solidified Unichain’s position. 

However, Ethereum’s long-term dominance in DeFi, with $59.65 billion in TVL, remains unchallenged on a larger scale. 

Also read: Sygnum: solana Still Lacks Convincing Signs to Beat Ethereum