Uniswap Integrates Solana Support, Tapping into $140 Billion Market
Blockchain/DeFi/News

Uniswap Integrates Solana Support, Tapping into $140 Billion Market

Uniswap's integration with Solana allows users to trade Solana tokens on its web platform, marking a significant step in cross-chain capabilities.

The decentralized exchange Uniswap has now incorporated support for the Solana network within its web application, allowing users to connect their Solana wallets and trade Solana tokens along with those from various other networks.

In a recent blog post, Uniswap announced that it is investigating capabilities for bridging, cross-chain swaps, and enhanced support for its wallet on the Solana network.

All Solana transactions executed through the web app will be handled via the Solana DEX aggregator, Jupiter. According to its co-founder SIONG, this makes Uniswap the first significant partner to make use of the Jupiter Ultra API for performing swaps.

This partnership is expected to give Uniswap a competitive edge within the Solana DEX ecosystem, which has recorded around $140 billion in transaction volume over the last month, while the Jupiter DEX aggregator earned approximately $17.5 million in revenue in the same timeframe.

A Uniswap engineer noted that the integration was not specifically designed for Solana but was rather built with platform-agnostic architecture.

Meanwhile, Danny Daniil emphasized that Solana’s launch will enhance Unichain, a layer-2 network initiated by Uniswap Labs earlier this year, positioning it as a leading chain for trading. “Bridging assets from Solana and other ecosystems to Unichain allows traders to discover optimal liquidity, no matter where it is found,” Daniil stated.

Related: Solana DEXs must prioritize building resilient markets

Earlier this month, 1inch co-founder Sergej Kunz highlighted that centralized exchanges may vanish from their current model in the coming decade, suggesting they would merely function as interfaces for DEXs and DEX aggregators.

In May, Uniswap achieved the milestone of being the first decentralized exchange to have accounted for $3 trillion in total all-time trading volume.

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