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Uniswap Expands to Include Solana Support

Uniswap Expands to Include Solana Support

Uniswap now supports Solana in its web app, enhancing DeFi access.

The leading non-custodial exchange Uniswap has integrated support for the Solana network in its web application.

“Ethereum and Solana are the largest DeFi ecosystems. However, they have developed separately, requiring users to use different wallets, learn new interfaces, and switch between applications. Now, access to Solana, Ethereum, and over 13 other networks is available within a single interface,” the developers noted.

To utilize the “people’s cryptocurrency” network on Uniswap, users need to visit the application site, connect a compatible wallet like Phantom, and select the appropriate blockchain.

The team emphasized that this is just the first phase of Solana support on the popular DEX. In the future, developers will work on integrating cross-chain transfers and swaps, as well as the Uniswap Wallet.

TVL

In terms of total value locked (TVL), the Solana ecosystem ranks second only to Ethereum, but with a significant gap — $11 billion compared to $84.8 billion.

Chains
Top 5 largest ecosystems in the decentralized finance segment. Source: DeFi Llama.

The decentralized exchange Uniswap significantly outpaces competing protocols:

DEXes
Top 5 largest DEX. Source: DeFi Llama.

Notably, there is a significant gap from its main competitor, PancakeSwap. In terms of monthly commission income, the leading DEX is ahead with $213 million compared to $63 million. 

Back in September, Uniswap developers introduced the Compact v1 tool, aimed at addressing the issue of cross-chain fragmentation.

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