The Uniswap Labs team deployed the protocol of the same name on the Blast second-layer solution.
Ready for takeoff
Uniswap is now live on Blast💥 pic.twitter.com/uukRWHnY8K
— Uniswap Labs 🦄 (@Uniswap) April 2, 2024
Support for the L2 solution will soon appear in the mobile application DEX.
According to them, such functionality is supported only in the second version of the exchange. “Native income” is not available to Uniswap v3 users “due to the technical implementation of concentrated liquidity.”
TVL leading DEX, including 15 supported networks, exceeds $5.8 billion, according to DeFi Llama.
Blast represents EVM-compatible scaling protocol that uses Optimistic Rollups. The platform offers passive income of 4-5% per annum.
The project was launched in November 2023 by the founder of the NFT marketplace Blur under the pseudonym Pacman. Initially, the protocol did not even have a test network and invited users to deposit coins through a bridge.
The launch of the Blast mainnet took place on February 29. Soon after, users withdrew $1.3 billion in assets from the protocol.
At the time of writing, the TVL of the ecosystem is $1.27 billion. Blast ranks sixth in the DeFi Llama ranking.
Source: Cryptocurrency
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