Uniswap Plans To Launch New Layer-2 Network for Better DeFi Ecosystem
Uniswap Labs introduced on Thursday that it’s going to set up a brand new layer-2 community, Unichain, utilizing Optimism know-how.
The brand new chain shall be powered by Optimism Superchain, a back-end that empowers easy interplay between totally different Ethereum layer-2s, amongst them in style ones reminiscent of Worldcoin, Mantle, and Base.
The launch comes at a time when Uniswap’s monetary efficiency has been remarkably robust. Latest knowledge from DefiLlama reveals that the platform has raked in a powerful $52.75 million in price income between April and September 2024, after mountaineering its user-interface swap price to 0.25% on most buying and selling pairs.
One of many important qualities of Unichain is that in the long term, it does have the potential to resolve some of the persistent issues: the fragmentation of liquidity inside the cryptocurrency market. Presently, totally different tokens are scattered amongst a number of layer-2 networks, and infrequently can you employ one community along with one other. By leveraging the Optimism Superchain, Unichain hopes to create a extra unified and streamlined buying and selling expertise.
Growth on Unichain was carried out in collaboration with experience from Uniswap Basis, Optimism, and Flashbots. Extra progressive options shall be carried out on the community, reminiscent of a TEE that can guarantee the correct functioning of this place, and a neighborhood validation community, collectively known as the “Neighborhood Community,” which additionally contributes to the safety and transparency of the platform.
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