In an incredible accomplishment, Unichain, the decentralized exchange (DEX) scaling solution, has pulled in over $1 billion in trading volume since its mainnet launch on February 11th. This is a significant landmark for the project—${} billion seemingly clears the path for it not to be considered a Layer 2 solution for the Layer 1 Ethereum blockchain, but rather an actual scaling mechanism for Uniswap, one of the more effective decentralized exchange protocols in existence. But! Despite this success, Uniswap’s native token, UNI, has failed to respond positively and has recently been hit with some serious sell-offs. Unichain’s Success and Uniswap’s
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