Learn about permissionless bridging and our latest integration with @AcrossProtocol 👇https://t.co/4JCr9WnQl0— Uniswap Labs 🦄 (@Uniswap) October 23, 2024
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.
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.
How Permissionless Bridging Works
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.
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.
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.
Recent Developments
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.