0
0
Uniswap's Unichain Hits Mainnet
The Popular DEX is officially stepping into the Ethereum L2 game.
0
0
Unichain, Uniswap's new Ethereum L2, is officially live on mainnet. We gave you the full rundown on the chain when it was announced back in October, but here are some high-level details on why it's such a big deal. 👇
Unpacking Uniswap’s Unichain on Bankless
Uniswap taps the OP Stack for its next big gamble.
Jack Inabinet Oct 10, 2024 • 4 min read
What’s the Scoop?
- Tried and Tested: Over 88 million transactions and 12 million smart contracts were processed and deployed on Unichain to test its capabilities and ensure the chain runs smoothly
- Covering Costs: Uniswap Labs will be covering all interface fees for swaps on Unichain for a couple of months to assist in onboarding users and liquidity
- Faster and Cheaper: From the beginning, Unichain will offer 1-second block times and 95% cheaper gas fees than Ethereum
- True Decentralization: Unichain will launch as a stage 1 rollup with plans later in the year allowing anyone to verify blocks produced by the chain.
Bankless Take
Uniswap launching their own chain could be a step forward for interoperability between chains. With the partnership with Across Protocol, users will be able to have one of the most seamless trading experiences between chains that have adopted the ERC-7683 standard. Additionally, with 80+ applications building on Unichain, there will already be a variety of ways users can interact with the chain beyond just swapping tokens.