Ethereum-based UNISWAP adds Solana support in win for tackling defi fragmentation
The Ethereum-based Decentralized Exchange (DEX) said it has added support for Solana, potentially enabling the unification of the two largest decentralized financial ecosystems (DEFIs).
The move will provide easy access to Solana, Ethereum and 13 other chains in one place, Uniswap Labs told X on Friday.
The integration of Solana with the UNISWAP web app is a major milestone for cross-chain defi, addressing the problem of Defi fragmentation between the two largest ecosystems.
The move simplifies the user experience, allowing them to connect their Solana wallets and trade Solana tokens alongside Ethereum assets from a single interface. This eliminates the complexity associated with cross-chain operations, such as using multiple bridges or switching between different wallets and applications, which act as barriers for both novice and experienced traders.
For users, this means access to the speed and low cost of the Solana ecosystem through the familiar UNISWAP platform.
UNISWAP is the largest Ethereum-based decentralized exchange with a 24-hour trading volume of more than $3.7 billion, according to data source defillama.
