Uniswap supports the Solana network

Son Min

Summary

Uniswap said it supports the Solana network and is targeting a new market worth US$140 billion.
The integration allows Uniswap users to trade Solana-based tokens and supports the Jupiter aggregator's trading of more than one million tokens.
Uniswap's entry is expected to change the competitive dynamics of the Solana DEX ecosystem and strengthen liquidity of assets from other ecosystems such as Unichain.

Decentralized exchange (DEX) Uniswap (UNI) added support for the Solana (SOL) network to its web application, targeting a new market worth US$140 billion. With this integration, Uniswap users can connect Solana wallets to trade Solana-based tokens directly.

On the 17th (local time), according to CoinDesk, Uniswap said it integrated Jupiter (JUP), the Solana DEX aggregator's 'Ultra API', to support trading of more than one million Solana tokens.

It added, "We are reviewing bridging, cross-chain swaps, full support for an Uniswap wallet for Solana, etc." The company said the integration is the result of building a platform-agnostic (agnostic) architecture layer rather than chain-specific development.

The Solana DEX ecosystem processed US$140 billion in trading volume over the past 30 days, and the Jupiter aggregator alone generated US$17.5 million in revenue. The industry expects Uniswap's entry to significantly change the competitive landscape in that market.

Danny Daniil, head of engineering at Uniswap, said, "Support for Solana will greatly help advance the Layer 2 network 'Unichain', launched in February this year," adding, "If assets from Solana and other ecosystems are bridged to Unichain, traders can secure optimal liquidity anywhere."

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