Uniswap's newly launched Ethereum layer-2 network, Unichain, became the fastest-growing blockchain in its debut month, registering 236,452 active addresses. Despite this, Unichain's user base is modest compared to Solana's 112 million total users and around 19 million active users on Base and BNB Chain. Unichain, however, has quickly become significant in decentralized exchange (DEX) volume, reporting $217.7 billion, putting it third in the industry, ahead of Ethereum's $91.2 billion. Berachain, which launched in early February, showed a higher number of active addresses at 1.7 million and $3.78 billion in DEX volume, ranking eighth. Established networks like BNB Chain saw a DEX volume increase, reaching $233.9 billion. Meanwhile, overall industry total value locked (TVL) has declined from $138 billion to $91.8 billion due to decreased DeFi activities. Despite challenges, Uniswap’s layer-2 implementation allows users access to lower fees and faster transactions, allowing it to reclaim its position as the largest DEX by TVL.

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