Solana News Today: Unich's OTC Exchange Surges with 5 Million Users and $1.1 Billion in Volume

Unich, a decentralized over-the-counter (OTC) exchange built on the Solana blockchain, has been gaining significant traction in the cryptocurrency community. The platform, which supports fast execution and low-cost transactions, has recorded impressive user metrics since its mainnet launch six months ago. Unich has amassed over 5 million users, generated more than $20 million in revenue, processed over $1.1 billion in OTC trading volume, and surpassed 1 million transactions. These figures are notably strong for an OTC platform, especially considering the platform's focus on pre-launch tokens and its relatively short operational history.

Unich's success can be attributed to its innovative approach to OTC trading. The platform is expanding its ecosystem with two key products: Pre-Market and Pre-Order. Unich Pre-Market allows users to buy and sell pre-Token Generation Event (TGE) tokens with only 50% of the order value as collateral. This feature addresses the risks associated with informal OTC trading, which often occurs via Telegram groups or manual spreadsheets without any protections. By replacing these informal deals with smart contracts, Unich reduces counterparty risk and ensures that both parties complete the settlement. If one side fails to pay, their collateral is transferred to the other as compensation.

Unich Pre-Order, on the other hand, focuses on already-listed tokens. Users can pre-buy or pre-sell at any price during a fixed daily time window, with just 5% collateral required. This feature allows traders to capture price swings without using leverage or facing liquidation, until final settlement. Together, these two products cover both pre-TGE and post-listing opportunities, positioning Unich as a comprehensive trading infrastructure on the Solana blockchain. Additional features, such as Lending & Borrowing, a built-in Swap, and other asset management tools, are already in development.

As Unich's ecosystem continues to grow, its native token, $UN, has officially entered its public sale phase. The Unich Initial DEX Offering (IDO) is now live, with a target allocation of 100 million tokens and a fundraising goal of $15 million. On-chain activity indicates that larger wallets have already started participating, likely positioning ahead of upcoming listings. There is also an optional referral program offering 11% in rewards, split between 8% in USDT and 3% in vested $UN tokens.

Unich has confirmed that discussions with multiple centralized exchanges (CEXs) are underway, and that listing plans are being developed with liquidity support in mind. Based on the current setup, at least one top-tier CEX listing is expected soon after the IDO ends, right around the time tokens start unlocking and trading begins. In the meantime, $UN has already been listed on tracking platforms, making it easier for users to follow price movements and key metrics in real time. Listings on Solana-based decentralized exchanges (DEXs) are also planned immediately after the IDO, allowing users to trade immediately after the sale ends.

These developments suggest that Unich is preparing for a much bigger stage. With the Unich IDO still live and key listings around the corner, this may be the window to get in before $UN fully enters the spotlight. The platform's strong user metrics, innovative products, and upcoming listings position it as a promising player in the cryptocurrency market.