Unichain has become the dominant chain for Uniswap v4, surpassing Ethereum in transaction volume. According to a Dune Analytics dashboard by Entropy Advisors, Unichain holds approximately 75% of the market share as of today.
Ethereum's share, in contrast, is below 20%. This shift began accelerating in mid-April 2025, driven by Unichain's growth and strategic incentives.
Notably, Ethereum remains the dominant chain for Uniswap v3 in terms of trading volume. Uniswap v4, launched in January 2025, introduces hooks for custom code execution and dynamic fees.
Unichain's dominance in v4 is also attributed to a $45 million liquidity incentive program. According to DeFiLlama, it is currently the third-largest Layer 2 rollup by total value locked, at $800 million.
Built on the Optimism Superchain, Unichain offers roughly 95% lower transaction costs than Ethereum's Layer 1. It features one-second block times, with plans to introduce 250ms sub-blocks to achieve near-instant transactions.
This article is based on our author's analysis of materials taken from the following resource: Dune Analytics.