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Unichain and Berachain drive blockchain activity growth

Unichain and Berachain drive blockchain activity growth

GrafaGrafa2025/03/11 01:50
By:Mahathir Bayena

Uniswap's (CRYPTO:UNI) Ethereum (CRYPTO:ETH) layer-2 network, Unichain, has emerged as one of the fastest-growing blockchains in its first month, according to data from Nansen.

Launched on February 11, Unichain recorded 236,452 active addresses in its debut month.

Although this is a significant milestone for a new platform, it remains smaller compared to Solana’s (CRYPTO:SOL)  112 million total users and Base and BNB Chain’s approximately 19 million active users.

Despite its smaller user base, Unichain has made a notable impact on decentralized exchange (DEX) activity.

It recorded $217.7 billion in DEX volume over the past 30 days, ranking third in the industry and surpassing Ethereum’s base layer, which saw $91.2 billion during the same period.

This performance highlights Unichain’s potential as a key player in the decentralized finance (DeFi) ecosystem.

Berachain, another blockchain launched in early February, reported a 30-day DEX volume of $3.78 billion, placing it eighth in the sector.

However, Berachain outpaced Unichain in terms of active addresses, with 1.7 million users during the same period.

Among established networks, BNB Chain was the only one to see a significant increase in DEX volume, surging 161% to $233.9 billion, making it the second-largest by volume.

Uniswap’s launch of Unichain marks a return to prominence for the platform after losing its position as the leading DEX due to high Ethereum gas fees.

The new layer-2 solution offers lower transaction costs and faster processing times, with block times of one second and plans to reduce them further to 250 milliseconds.

Additionally, Uniswap waived interface fees for swaps on Unichain at launch.

As of March 10, Uniswap has reclaimed its position as the top DEX by total value locked (TVL), according to DefiLlama data.

Meanwhile, Solana remains a leader in active addresses and transactions but has seen declines across key metrics in recent weeks.

Active addresses fell by 19%, transactions dropped by 70%, and DEX volume decreased by 27%, reflecting cooling investor interest following a memecoin trading frenzy.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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