Unichain Takes Over Uniswap v4 Transaction Volume, Exceeding Ethereum

Uniswap’s latest protocol upgrade, version 4 (v4), has seen Unichain emerge as the dominant player in terms of transaction volume. According to Dune Analytics, Unichain now accounts for over 75% of the v4 transactions on Uniswap, dwarfing Ethereum’s share under 20%. This rapid success is attributed to several factors: a focus on v4 development and ecosystem-oriented improvements with incentives that Layer 2 ecosystems began implementing in mid-April 2025. By focusing solely on v4’s capabilities, Unichain has been able to maximize its impact.