Uniswap developers have added support for the Blast L2 solution

The Uniswap Labs team deployed the protocol of the same name on a second-level Blast solution.

Ready for takeoff

Uniswap is now live on Blast💥 pic.twitter.com/uukRWHnY8K

— Uniswap Labs 🦄 (@Uniswap) April 2, 2024

"With this launch, Uniswap users can earn native income from their LP positions for the first time thanks to the Blast functionality in the context of rebalancing," the project's blog says.

Support for the L2 solution will soon appear in the DEX mobile app.

"Liquidity providers in pools with USDB or WETH tokens can receive native income (as if they stored these coins on a Blast wallet)," the developers stressed.

According to them, such functionality is supported only in the second version of the exchange. Uniswap v3 "native income" is not available to users "due to the peculiarities of the technical implementation of concentrated liquidity."

The TVL of the leading DEX, taking into account 15 supported networks, exceeds $5.8 billion, according to DeFi Llama.

Blast is an EVM-compatible scaling protocol that uses Optimistic Rollups. The platform offers a passive income of 4-5% per annum.

The project was launched in November 2023 by the founder of the NFT marketplace Blur under the pseudonym Pacman. Initially, the protocol did not even have a test network and offered users to deposit coins over the bridge. 

Recall that the launch of the Blast mainnet took place on February 29. Shortly after, users withdrew $1.3 billion worth of assets from the protocol. 

At the time of writing, the ecosystem's TVL is $1.27 billion. Blast ranks sixth in the DeFi Llama rating.

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