Ethereum

Blast

Arbitrum

Uniswap

One of the most popular layer 2 decentralized exchanges (DEXs), Uniswap, is now leading with a share of 37% of trading volume, which is a tremendous increase compared to the volumes traded two years ago. 
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 .<a href="https://twitter.com/Uniswap?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@Uniswap</a>'s trading volume is growing on L2s and currently contributes to 37% of the total volume Since 2022, Uniswap's volume on L2s has grown from $4B to $30B (+650%). Uniswap's L2s volume in 2022 only contributes to 5.2% of the total volume L2s have been gaining more… <a href="https://t.co/PR7GT9xdih" target="_blank" data-wpel-link="external">pic.twitter.com/PR7GT9xdih</a>— Tom Wan (@tomwanhh) <a href="https://twitter.com/tomwanhh/status/1784929074122539111?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 29, 2024</a>
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As 21.co’s developer, Tom Wan, said, the uniswap’s L2 volumes increased by 650% in the last 24 months, and the figure reached $30 billion from $4 billion. The predominant L2 growth is brought about by platforms such as Arbitrum and Coinbase’s Base, which account for 82% of Uniswap’s L2 volume. 
Although Uniswap’s L2 share is growing, it is only 2.9% of the total volume of all the other L1s. Wan thinks that it may change because of high-performance L1s like Sei and Monad that may be implemented in the future in combination with Uniswap’s multi-chain strategy. 
With its success still in the making, Uniswap has to deal with the U.S. SEC’s regulatory pressure as part of a broader fight against the crypto-exchange market. The <a href="https://www.cryptotimes.io/2024/04/11/sec-considers-legal-action-against-defi-exchange-uniswap/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">SEC has sent a Wells Notice</a> to Uniswap, which, in effect, refers to the probable enforcement action. 
Uniswap is intending to appeal this decision, highlighting its original position within the Ethereum ecosystem as the leading DEX with about $2T in trading volume across 17 chains and <a href="https://defillama.com/protocol/uniswap#information" target="_blank" rel="noreferrer noopener" data-wpel-link="external">over</a> $5.6B in total value locked. 
As we see more and more crypto space development, the impact of Uniswap on layer 2 networks and its legal issues will be the focus of industry watchers to see how it shapes the future of decentralized finance (DeFi). 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/28/uniswap-launches-mobile-app-with-blast-integration/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Uniswap Launches Mobile App with Blast Integration</a> 
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Uniswap Drives 37% Surge in Layer 2 Trading on Ethereum

The Crypto Times

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