Unichain TVL Surges 2500% to $318 Million After Liquidity Incentives Go Live

Activity on Unichain, the Layer 2 (L2) blockchain developed by the Ethereum-based decentralized exchange (DEX) Uniswap, has exploded over the past week after a $21 million liquidity incentive campaign kicked off on April 15. According to DeFiLlama data , Unichain’s total value locked (TVL) has surged by 2569% in the last seven days, while its stablecoin market cap has increased by 2429%. Unichain is now the fifth-largest Layer 2 by TVL, according to L2beat . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant