Uniswap’s Layer 2 blockchain, Unichain, has surged to $1.2B in TVL, surpassing Ethereum in daily trading volume. This rapid growth was fueled by a $21 million liquidity incentive program aimed at attracting users and boosting on-chain activity.

The new layer 2 network aims to solve the Ethereum fragmentation problem and become a key player in the Ethereum L2 space.

Uniswap launches "Unichain" - a Layer 2 blockchain with promises of lower costs and faster trades. But where is the line that divides decentralized networks from proprietary servers?