Hassan Maishera
On Thursday, the Uniswap team announced via X that it has launched Unichain, a new layer-2 designed for DeFi protocols. Unichain is intended to leverage and accelerate Ethereum’s scaling roadmap, moving execution to an L2. This implies that Unichain will lower transaction costs by more than 95% compared to Ethereum L1 in the short term and even more over time.
Furthermore, Unichain will soon introduce a decentralized validation network that allows nodes to verify blocks. This will add an extra layer of finality and reduce the risk of conflicting or invalid blocks.
Unichain is also working to improve interoperability between all chains through initiatives like ERC-7683, so users won’t have to worry about which chains they’re using.
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 $8.065, up 7% in the last 24 hours.
