Ethereum

2024

Uniswap

DeFi

Optimism

<h4><strong>Uniswap Labs, the team behind the popular Uniswap Protocol, has been at the heart of DeFi for years. </strong></h4> 
<p>One of the big challenges for DeFi on Ethereum is the cost of transactions. Because Ethereum is so decentralized, the transactions on its main layer (L1) can be expensive and slow. Ethereum recently started helping Layer 2s (L2s), which are built on top of Ethereum, to become faster and cheaper. This is where Unichain steps in.</p> 
<h5><strong>Making DeFi More Affordable</strong></h5> 
<p>According to its <a href="https://blog.uniswap.org/introducing-unichain" target="_blank" rel="noopener">blog post</a>, Unichain aims to smooth things out, offering faster, cheaper, and more efficient DeFi across multiple chains. It will move transaction processing to its L2, lowering transaction costs by around 95%. Over time, the costs are expected to drop even more. This helps keep DeFi accessible to everyone, without breaking the bank.</p> 
<p>This <a href="https://www.unichain.org/" target="_blank" rel="noopener">new protocol</a> will start with one-second block times, and soon introduce 250-millisecond “sub-blocks”, making transactions feel instant. Faster transactions not only make it easier for users but also help markets run more smoothly and prevent money from being lost to front-running.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Introducing <a href="https://twitter.com/unichain?ref_src=twsrc%5Etfw">@unichain</a> — a new L2 designed for DeFi <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network</p> 
 <p>Built to be the home for liquidity across chains <a href="https://t.co/lqfJh6Ltio">pic.twitter.com/lqfJh6Ltio</a></p> 
 <p>— Uniswap Labs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Uniswap) <a href="https://twitter.com/Uniswap/status/1844363396382408774?ref_src=twsrc%5Etfw">October 10, 2024</a></p>
</blockquote> 
<p><script src="https://platform.twitter.com/widgets.js" async charset="utf-8"></script></p> 
<p>This boost in speed is thanks to a special tool called a block builder, made with the help of Flashbots. The builder uses a <a href="https://en.wikipedia.org/wiki/Trusted_execution_environment" target="_blank" rel="noopener">trusted execution environment (TEE)</a>, which helps improve speed and make transaction processing more reliable and transparent.</p> 
<h5><strong>More About Unichain</strong></h5> 
<p>One of the growing pains in DeFi is the rise of multiple L2s, which have split up liquidity and made user experiences clunky. Unichain is working to fix that by enabling seamless access to all chains. As part of the <a href="https://docs.optimism.io/stack/explainer" target="_blank" rel="noopener">Optimism Superchain</a>, Unichain will partner with OP Labs to allow cross-chain swaps, so users can move between chains effortlessly.</p> 
<p>For chains outside the Superchain, Unichain is working on improving how different blockchains talk to each other. With initiatives like <a href="https://www.erc7683.org/" target="_blank" rel="noopener">ERC-7683</a>, the goal is to make swapping between any chains feel as easy as pie.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Excited to announce <a href="https://twitter.com/unichain?ref_src=twsrc%5Etfw">@unichain</a></p> 
 <p>This is a labor of love based on 6 years of designing and building in the DeFi space</p> 
 <p>We think what we’re building will be the best home for DeFi</p> 
 <p>Unichain is built on top of the Superchain – with a few new additions that we’re bringing to the… <a href="https://t.co/pt6V2sEuYA">https://t.co/pt6V2sEuYA</a></p> 
 <p>— Hayden Adams <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1844363698485198899?ref_src=twsrc%5Etfw">October 10, 2024</a></p>
</blockquote> 
<p><script src="https://platform.twitter.com/widgets.js" async charset="utf-8"></script></p> 
<p>Unichain is just getting started. It’s built to be modular, meaning new features can be added to make it even more decentralized and user-friendly. And, like all good things, it’s open-source, so other chains can hop on board and use its technology too. Uniswap Labs will also continue to contribute to scaling Ethereum, ensuring DeFi keeps getting better for everyone.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/uniswap-launches-unichain-to-supercharge-defi/">Uniswap Launches Unichain to Supercharge DeFi</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Uniswap Launches Unichain to Supercharge DeFi

Altcoin Buzz

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