Uniswap

DeFi

Optimism

Read

<p class="is-style-lead">Decentralized exchange Uniswap has entered the layer-2 solution landscape with its new initiative to “accelerate Ethereum’s scaling roadmap.”</p> 
<p><a href="https://crypto.news/tag/uniswap/" target="_blank">Uniswap</a>, one of the largest decentralized exchanges by trading volume, has unveiled Unichain, a new open-source <a href="https://crypto.news/tag/ethereum/" target="_blank">Ethereum</a>-based <a href="https://crypto.news/tag/layer-2/" target="_blank">layer-2</a> network designed to enhance transaction speed, reduce costs, and improve liquidity across decentralized finance.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Introducing <a href="https://twitter.com/unichain?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@unichain</a> — a new L2 designed for DeFi ✨<br><br>Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network<br><br>Built to be the home for liquidity across chains <a rel="nofollow" href="https://t.co/lqfJh6Ltio" target="_blank">pic.twitter.com/lqfJh6Ltio</a></p>— Uniswap Labs 🦄 (@Uniswap) <a href="https://twitter.com/Uniswap/status/1844363396382408774?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In a press release shared with crypto.news on Oct. 10, Uniswap Labs stated that the product, powered by the Optimism Superchain, seeks to address the scalability challenges that have hindered Ethereum’s broader adoption.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“After years of building and scaling defi products, we’ve seen where blockchains need improvement and what’s required to continue advancing Ethereum’s roadmap.”</p> 
 <p>Hayden Adams, Uniswap Labs CEO</p> 
</blockquote> 
<p>Adams added that Unichain will deliver the speed and cost savings already enabled by other rivals in the layer-2 space “but with better access to liquidity across chains and more decentralization.”</p> 
<h2 class="wp-block-heading" id="uniswap-to-launch-unichain-mainnet-later-in-2024">Uniswap to launch Unichain mainnet later in 2024</h2> 
<p>According to the network’s technical description, Unichain will initially feature one-second block times, with ambitions to optimize to 200-250 milliseconds, although a timeline for this enhancement remains unclear.</p> 
<p>Additionally, Unichain aims to focus on cross-chain interoperability, facilitating liquidity access across various layer-2 networks on Optimism and beyond. It also plans to implement the proposed ERC-7683 standard for improved transaction support across all blockchains.</p> 
<p>With the private testnet now live and a public mainnet launch on the horizon, it remains uncertain whether Uniswap Labs will introduce a separate token for the network. Following this announcement, the price of (<a href="https://crypto.news/price/uniswap/" target="_blank">UNI</a>) surged by 11%, reaching $8.05.</p> 
<p> Read more: <a rel="" href="https://crypto.news/uniswap-ethereum-l2-addresses-reach-new-high-of-8-5m/"> Uniswap Ethereum L2 addresses reach new high of 8.5m </a> </p>

UNI jumps 11% as Uniswap debuts its own layer-2 solution Unichain

Table of Contents

crypto.news

Other articles published on Oct 10, 2024

Crypto Whales Take Significant Risks Following Binance’s New Listing

Decentralizing the World’s Dapp Store: How DappRadar is Solving Real Problems for Web3

The Impact of Global Market Trends on Indian Crypto Investments

DappRadar Report: User Activity Rise Amid Value Drop

Why Experts Say This TradFi Token Could Outperform Cardano and Bitcoin in 2024!

OKX Secures Derivatives VASP License from VARA

Join our free newsletter for daily crypto updates!