According to CryptoPotato, Uniswap, a leading Layer 2 decentralized exchange (DEX) built on Ethereum, now accounts for about 37% of the total trading volume on Layer 2.

Uniswap’s Layer 2 volume has surged by more than 650% over the past 24 months, climbing from approximately $4 billion in 2022 to over $30 billion this year.