Unichain's transaction volume on Uniswap v4 has surpassed that of Ethereum, highlighting the rising favor for Layer 2 solutions.
Unichain Captures 60% Market Share on Uniswap v4
According to Dune data, Unichain's transaction volume on Uniswap v4 surged past Ethereum's in mid-April, reaching approximately 60% market share. This suggests a shift towards Layer 2 scalability and cost-efficiency, led by Unichain in early 2025. Concurrently, Ethereum's market share has declined to under 30%, indicating a significant redistribution of trading activity.
DeFi Market Dynamics and Expert Insights
The significant migration to Unichain mirrors historical shifts seen with the launch of Arbitrum, highlighting user preference for enhanced transaction speed and reduced fees. As of May 8, 2025, CoinMarketCap lists Ethereum (ETH) at $1,937.71, with a market cap of $233.94 billion and a 24-hour trading volume of $20.17 billion. The volatile market observed a 24-hour price increase of 5.31%, despite a 90-day decline of 29.20%.
Conclusion and Future Outlook
Future growth for Layer 2 solutions may depend on regulatory clarity and technological innovation. Experts suggest a potential long-term impact on DeFi ecosystems as users increasingly prioritize cost-effective alternatives like Unichain.
The current market situation showcases significant changes in user preferences, with Unichain firmly establishing itself as a leader.
