Uniswap is the leading decentralized exchange (DEX) with $5 billion total value locked (TVL) across popular chains such as Ethereum, Arbitrum, Optimism or Polygon.

However, Uniswap had to defend its leading position on newer chains like Scroll, Blast, Base or Linea which often comes with their natives DEXs. To do so Uniswap had to attract liquidity from others DEXs on these new chains, but also liquidity from other chains.

That's where Merkl comes in!

We partnered with Oku — a trading protocol used as Uniswap V3 user interface — to create a Uniswap onboarding package with two main requirements:

• Make it easy for users and liquidity providers (LPs) to use Uniswap on new chains
• Make the liquidity provided on Uniswap more efficient (higher APR) than on other DEXs

While Oku managed everything related to the Uniswap user interface, Merkl handled the distribution of UNI token incentives.

With Merkl’s seamless integration into Uniswap v3, incentivizing pools on these new chains was effortless — including pools with popular token pairs like wETH, wBTC, USDT, and USDC, which Uniswap specifically prioritized.

As a result, Uniswap liquidity providers benefited from boosted APRs, earning both swap fees and UNI incentives — all in a fully non-custodial way.

Uniswap has managed to attract liquidity, without having to provide liquidity itself — for instance, the three liquidity pools created with only $20 on the Scroll network, reached $300k in TVL in less than 3 days.

Uniswap currently exhibits the highest growth among all DEXs present on these new networks, with, for example, a growth of 187% in April 2024 on the Scroll network.

Uniswap's incentive campaigns are still ongoing, making Merkl the go-to distributor for Uniswap’s rewards programs.