Hassan Maishera
On Tuesday, the Uniswap team announced via X that Unichain, its layer-2 network designed for DeFi protocol, has launched on mainnet. Unichain will leverage and accelerate Ethereum’s scaling roadmap, moving execution to an L2.
Users can now swap, bridge, and provide liquidity on Unichain directly from the Uniswap web app and in the latest version of the wallet. According to the team, 80+ apps and infrastructure providers are already building on Unichain.
With the Unichain Validation Network coming soon, anyone can run a UVN node and verify blocks. This will add an extra layer of finality and reduce the risk of conflicting or invalid blocks. Unichain launches with 1-second block times and gas costs that are ~95% cheaper than Ethereum L1
The L2 will support native interoperability when it goes live on the Superchain later this year.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades. UNI, the native token of Uniswap, is currently trading at $9.361, down 5.5% in the last 24 hours.
