The decentralized exchange leader Uniswap has integrated support for the Solana network into its web application, allowing users to connect their Solana wallet and trade Solana-based tokens alongside assets from other networks.
The company mentioned in a blog post that it is looking into bridging, cross-chain swaps, and full Uniswap Wallet support for Solana.
Solana transactions processed through the web app will be routed via the Solana DEX aggregator Jupiter. Its pseudonymous co-founder SIONG noted that Uniswap is the first major collaborator to leverage the Jupiter Ultra API for swaps.
This collaboration positions Uniswap at the forefront of the Solana DEX landscape, which recorded $140 billion in volume over the past month. During the same timeframe, the Jupiter DEX aggregator generated $17.5 million in revenue.
A Uniswap engineer highlighted that the team did not specifically create the integration for Solana but instead developed “architect layers” that were platform-agnostic.
Meanwhile, Danny Daniil, engineering lead for trading at Uniswap, mentioned that the launch on Solana will assist Unichain, a layer-2 network introduced by Uniswap Labs in February, in becoming the premier chain for trading.
“Bridging assets from Solana and other ecosystems (like HYPE) to Unichain allows traders to discover optimal liquidity, no matter where it exists,” Daniil stated.
Related: Solana DEXs must focus on building resilient markets
Earlier this month, 1inch co-founder Sergej Kunz predicted that centralized exchanges will no longer exist in their current form within the next decade, suggesting they will function merely as a front end for DEXs and DEX aggregators.
In May, Uniswap became the first decentralized exchange to surpass $3 trillion in total processed volume.
Magazine: Sharplink exec surprised by the level of BTC and ETH ETF holding: Joseph Chalom
