Key Takeaways:
Uniswap has deployed its v2, v3, and v4 protocols on the Linea network, a zkEVM Layer 2 solution developed by Consensys, driving a significant increase in the network's total value locked (TVL). The deployment, which went live recently, is accessible through Uniswap's web application, API, and mobile wallets.
"The integration of Uniswap is a significant milestone for the Linea ecosystem, bringing a cornerstone DeFi application to our growing user base," said a spokesperson for Consensys. On-chain data from DefiLlama shows Linea's TVL jumped by approximately 15% in the 24 hours following the announcement, indicating immediate capital rotation to the network to interact with Uniswap's pools.
The deployment includes all three major versions of the Uniswap protocol. This provides users with access to a range of trading and liquidity provision options, from the classic v2 pools to the more capital-efficient concentrated liquidity of v3 and the experimental features of v4. The move is part of Uniswap's broader strategy to expand its multi-chain presence and tap into new and growing blockchain ecosystems.
This deployment is a strategic win for both projects. For Uniswap, it opens a new frontier of users and transaction volume on a promising Layer 2 network, potentially increasing protocol revenue. For Linea, securing a blue-chip DeFi protocol like Uniswap solidifies its position as a competitive zkEVM platform, likely attracting more projects and users to its ecosystem and positively impacting the valuation of both UNI and the broader Linea ecosystem.
This article is for informational purposes only and does not constitute investment advice.
