Initialized @Uniswap v4 hooks have been growing steadily since launch, with nearly 2,000 initialized and volume rising since late June.
→ @Base led early usage, mainly through @bunni_xyz and @flaunchgg. Today, @unichain represents 61% of hooks volume, and Ethereum 34%.
→ Two projects account for about 80% of recent hooks volume, both using rehypothecation models: Bunni and EulerSwap.
- Bunni allows LPs to deposit tokens while providing liquidity, earning lending interest alongside swap fees.
→ The top Bunni LP on Unichain (USDC/USD₮0) has $67M TVL, with $59M rehypothecated into Euler’s USDC market. This represents 64% of that vault and 26% of all Euler deposits on Unichain.
- EulerSwap integrates lending vaults so LPs can earn swap fees, lending yield, and use positions as collateral for borrowing.
Both hooks aim to improve capital efficiency by combining trading, lending, and collateral use in a single pool.
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