Uniswap adds Solana support on web app in $140B opportunity

Decentralized exchange giant Uniswap has added support for the Solana network to its web app, enabling users to link their Solana wallet and trade Solana-based tokens alongside those from other networks.

The company stated in a blog post that it is exploring bridging, crosschain swaps and full Uniswap Wallet support for Solana.

Solana transactions made via the web app will be routed through the Solana DEX aggregator Jupiter, with its pseudonymous co-founder SIONG stating that Uniswap is the first major partner to utilize the Jupiter Ultra API for swaps.

The tie-up would give Uniswap a lead in the Solana DEX ecosystem, which processed $140 billion in volume in the past 30 days. Jupiter DEX aggregator generated $17.5 million in revenue in the same period. 

A Uniswap engineer pointed out that the team had not specifically built the integration for Solana, but rather designed and built “architect layers” that were platform-agnostic.

Meanwhile, Danny Daniil, engineering lead of trading at Uniswap, stated that Solana’s launch will help Unichain, a layer-2 network launched by Uniswap Labs in February, become the best chain for trading.

“Bridging assets from Solana and other ecosystems (like HYPE) to Unichain lets traders find the best liquidity, wherever it lives,” Daniil said.

Related: Solana DEXs must focus on building resilient markets

Earlier this month, 1inch co-founder Sergej Kunz said that centralized exchanges will cease to exist in their current state within the next decade. Kunz also stated that they will merely act as a front end for DEX and DEX aggregators.

In May, Uniswap became the first decentralized exchange to have processed $3 trillion in aggregate all-time volume.

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