Unichain, a Layer-2 initiative by Uniswap, has reached a total value locked (TVL) of $322.99 million, largely due to a $5 million UNI incentive. This incentive is attracting liquidity into 12 key pools with significant assets like USDC/ETH.
The weekly growth rate for on-chain stablecoin TVL has skyrocketed to 1977%, indicating a positive market response and enhanced trading volumes. Despite a slight decrease in UNI's price, increased liquidity is expected to stabilize prices and encourage market participation.
Unichain's performance highlights its potential for driving DeFi advancement through improved network efficiency.
Full story here: https://coincu.com/333604-unichain-tvl-growth-analysis
