Across Protocol

Uniswap

World

Optimism

Polygon

Decentralized exchange (DEX), Uniswap,&nbsp;<a style="text-decoration:none" href="https://blog.uniswap.org/permissionless-bridging-is-now-live">rolled out</a> a permissionless cross-chain bridging feature, offering users a seamless way to move assets between nine blockchain networks.&nbsp;
<div>
 <blockquote class="twitter-tweet">
 Learn about permissionless bridging and our latest integration with <a href="https://twitter.com/AcrossProtocol?ref_src=twsrc%5Etfw">@AcrossProtocol</a> 👇<a href="https://t.co/4JCr9WnQl0">https://t.co/4JCr9WnQl0</a>— Uniswap Labs 🦄 (@Uniswap) <a href="https://twitter.com/Uniswap/status/1849104965807083877?ref_src=twsrc%5Etfw">October 23, 2024</a>
 </blockquote> 
</div>
Users can now transfer assets between prominent blockchains, such as Ethereum, Polygon, Base, Arbitrum, Optimism Mainnet, Zora, Blast, World Chain, and ZKsync—all without needing third-party services.
&nbsp;
Traditionally, cross-chain transactions required the use of external bridges, which were often cumbersome due to their complicated interfaces and long transaction times. Uniswap's new permissionless bridging reportedly eliminates these barriers.
<h2 dir="ltr" id="span-span-how-permissionless-bridging-works-span-span">How Permissionless Bridging Works</h2>
Powered by the Across Protocol, the new feature allows users to move native assets—like ETH on Ethereum or ARB on Arbitrum—directly through Uniswap's interface.&nbsp;
&nbsp;
Stablecoins are also supported. The Across Protocol functions through decentralized liquidity pools and relayers, avoiding reliance on centralized entities and enhancing both security and speed.
&nbsp;
Dune data shows that there are currently over six million Uniswap users using multi-chain access. However, cross-chain swaps remain a small percentage of overall activity. With this new bridge feature, Uniswap aims to increase its usage across multiple networks, driving growth in multi-chain DeFi operations.
<h2 dir="ltr" id="span-span-recent-developments-span-span">Recent Developments</h2>
This latest update follows Uniswap’s earlier launch of&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/uniswap-labs-introduces-ethereum-layer-2-unichain-to-address-scalability-issues">UniChain</a>, a layer-2 chain designed specifically for cross-chain liquidity and decentralized finance. Launched in early October, UniChain aims to address the ongoing challenges in DeFi, such as slow transactions and a lack of decentralization.
&nbsp;
While Uniswap is making progress, it is also facing scrutiny from regulators. Earlier this year, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, signaling potential enforcement action.&nbsp;
&nbsp;
The SEC claims that certain tokens offered by the platform may qualify as securities. However, Uniswap&nbsp;<a style="text-decoration:none" href="https://www.cnbc.com/2024/05/21/uniswap-fights-back-against-sec-as-the-ethereum-crackdown-continues.html">firmly disputes</a> these allegations, maintaining that its tokens do not fall under securities law.

Uniswap Launches Permissionless Cross-Chain Bridging on Nine Networks, Including Polygon and ZKsync

Table of Contents

BSCN

Other articles published on Oct 29, 2024

Gaia Partners With EigenLayer To Bring Powerful AVS Security To Decentralized AI

SHIB Leaves AVAX Behind, Is ADA Next?

Top Trader Predicts 3333% Rally for Solana (SOL) Rival Under $0.50, Is Now a Good Time to Buy?

Smart Contracts Boost Fairness in Online Gaming

How On-Chain Transactions Are Reshaping Payments in the NFT and Cryptocurrency World

Emory University's $15.8M investment in Grayscale's Bitcoin Mini Trust marks a historic milestone

Join our free newsletter for daily crypto updates!